The EU Deforestation Regulation | What does the delay mean for your business?

On 14 November 2024, the EU Parliament approved the EU's proposal to delay the implementation of the EU Deforestation Regulation by one year, as well as a package of amendments to the Regulation.

In this episode of Suits and Boots, TDi ESG Analyst, Sunil Abeyasekera looks at what these changes, and the delay mean for businesses across the world. He examines the impact of the delay both on companies that have already prepared for the Regulation, and those that are at an early stage in their readiness. He outlines what needs to be done over the next year to meet the new deadlines, and how businesses should prioritise action. 

Chapters

• 1:00 What is the EUDR and what led to its development?
• 2:03 What types of companies will the EUDR affect?
• 2:37 What are some of the different expectations and requirements for different types of company?
• 4:03 What happens if companies don't comply with the regulation?
• 4:38 Why has the EU Parliament approved this delay?
• 5:38 Why have commodities not matured enough in the last four years to provide full traceability?
• 6:30 What is 'Identity Preserved'?
• 7:44 What are the new dates our listeners need to be aware of?
• 8:12 What else has been approved by the EU Parliament alongside the delay?
• 8:56 What impact will the delay have on deforestation?
• 9:29 What is the impact of this delay on companies who have already put in place the systems required to comply?
• 10:42 How should companies approach the extra time that this delay provides?
• 12:47 15. What about some of the concerns expressed by countries producing the commodities covered by the Regulation?
• 14:12 Is the EUDR cross-compatible with other EU regulations?
• 16:43 17. What can companies do to make sure the systems they put in place are appropriate for all regulations that have similar requirements?
• 17:40 How can TDi help companies to prepare for the EUDR over the next year?