EUDR Update: Less Bureaucracy, but Companies Still Need to Take Action
In early May, the European Commission published the revised version of the EU Deforestation Regulation (EUDR). The new regulations provide significant relief for many companies and create greater clarity regarding the implementation of the requirements. Particularly positive is the distinction between first-time placers on the market and downstream operators. Downstream operators will no longer be required to prepare their own due diligence statement. Instead, it will suffice to obtain the reference number of their supplier’s due diligence statement and document it accordingly. For first-time placers on the market, however, the requirements remain unchanged. They must continue to fulfill all [...]




