As the end of 2024 approaches, the clock is ticking for businesses to comply with the new European Union Deforestation Regulation (EUDR). This regulation, set to take effect in just four months, aims to combat global deforestation and forest degradation by ensuring that products sold within the EU do not contribute to these environmental harms. For companies trading in goods like soy, palm oil, beef, wood, cocoa, coffee, and their derivatives, the EUDR will require thorough due diligence and transparency in their supply chains.
But how can companies ensure they meet these rigorous standards? One key solution lies in leveraging advanced satellite imagery and data analytics to monitor forests and track supply chains.
Understanding the EUDR: A New Era of Responsibility
The European Union Deforestation Regulation (EUDR) represents a significant step toward sustainability and environmental responsibility. The regulation mandates that companies must prove their products are «deforestation-free» to continue trading within the EU. This involves demonstrating that products, such as leather, paper, or coffee, are not linked to deforestation or forest degradation anywhere in the world.
Compliance with EUDR is not just about adhering to legal requirements; it’s also about embracing sustainable practices and protecting our planet’s vital ecosystems. By preventing deforestation, companies help conserve biodiversity, combat climate change, and respect the rights of local communities in production areas.
Steps to Ensure EUDR Compliance
Here are some steps that will help companies to properly comply with The European Union Deforestation Regulation (EUDR).
Step 1. Conduct Comprehensive Supply Chain Due Diligence:
Ensure all suppliers adhere to deforestation-free commitments by thoroughly auditing supply chains. This involves checking the origin of products and their compliance with EUDR standards.
Step 2. Implement Robust Traceability Systems:
Develop systems to trace the origin of raw materials and verify that they are not linked to deforestation. This is crucial for proving compliance and maintaining trust with regulators and customers.
Step 3. Use Satellite imagery for continuous oversight:
Satellite imagery provides reliable information that can be crucial for decision-making and is comparable over time, allowing for greater analysis of the terrain and the possible effects of reforestation. The problem is that you need specialized technical equipment to get the most out of satellite images.
Using Imageryst, however, any non-technical user can access the necessary information through its platform and get a complete analysis of the attributes they need in a few clicks, from vegetation type and height to parcel slope.
Imageryst automatically extracts satellite imagery insights to enhance global strategic and operational decisions, saving travel time and money.
Step 4. Engage in Regular Training and Awareness Programs:
Educate your team and suppliers about EUDR requirements and the importance of sustainable sourcing practices. Knowledgeable stakeholders are more likely to support and adhere to compliance efforts.
Step 5. Maintain Open Communication with Stakeholders:
Keep an open dialogue with regulators, suppliers, and customers about your commitment to EUDR compliance and sustainability. Transparency is key to building trust and demonstrating responsibility.
Preparing for the EUDR with Imageryst
As the EUDR is set to take effect soon, now is the time for companies to act. With Imageryst, you have the power to ensure your supply chain meets the new regulations and contributes to a more sustainable world. Take the first step towards compliance and environmental stewardship. Request a free demo today and discover how Imageryst can help you navigate the EUDR with confidence.
