30/10/2024 – EU Deforestation Regulation
“Brands must act now despite EUDR delay”
TrusTrace has partnered with leading enterprise brands, the Forest Stewardship Council (FSC) and OpenAtlas, to create a validated solution for shipment-level compliance, tailored to real-world scenarios.
TrusTrace, a global leader in product traceability and supply chain compliance, unveiled its advanced Deforestation Compliance Solution, designed to help companies meet and prove deforestation-free shipments in alignment with the EU’s Deforestation Regulation (EUDR). The recent decision to delay enforcement until December 30, 2025, provides a crucial window for companies to thoroughly prepare and ensure their supply chains meet the rigorous standards ahead of the deadline. As setting up systems and getting all the data needed for customs clearance can take several months, proactive preparation is essential for compliance success.
The EUDR aims to prevent deforestation by ensuring products entering the EU do not contribute to deforestation or environmental degradation. To comply, companies must provide full traceability to the plot of land, and ensure their EU-bound products are free from deforestation-related practices. This is poised to have significant impacts across the retail industry, as widely used materials like rubber, wood, and leather fall within its scope. The solution employs sophisticated automations to enable users to send hundreds of data collection requests with a single click, perform geospatial deforestation analysis in real-time, and generate pre-formatted due diligence statements for instant submission. The collaboration with OpenAtlas, a leader in geospatial analysis, ensures the highest quality satellite imagery and analysis, combining multi-spectral satellite imagery with state-of-the-art AI.
The new solution specifically offers:
Shipment-level traceability: brands can map farms and collect EUDR-required traceability data including GPS coordinates and FSC certificates for each EU-bound shipment efficiently, ensuring full traceability of products.
Precise risk assessment: brands can automatically benchmark country-level risks, conduct detailed risk assessments, and instantly verify compliance with geospatial analysis powered by OpenAtlas satellite images – all at shipment level for precise evaluation.
Real-time risk and compliance monitoring: the solution provides a comprehensive overview of data, insights, and reports for each shipment on an intuitive, easy-to-use risk and compliance dashboard, which enables users to monitor and mitigate risks while maintaining full visibility into compliance status.
Automated DDS generation: brands can automatically generate due diligence statements in the required format for each shipment, and easily submit them to the European Commission via API integration.
Access to supplier support and policy teams: TrusTrace provides support on the customer and supplier level. Policy and regulation experts keep customers up to date on the latest regulatory developments, and dedicated trainers will help suppliers efficiently share their data.