The impact of the EU Deforestation Regulation (EUDR)
Understanding the implications of the EU Deforestation Regulation (EUDR) is crucial for companies to ensure compliance and mitigate risks. Effective December 30, 2024, the EUDR will require businesses to submit comprehensive Due Diligence Statements. This new regulation is set to impact numerous industries by mandating proof that products entering or exiting the EU are free from recent deforestation and forest degradation.
Itu Consumer Sustainability Industry Readiness Index (COSIRI) offers a robust framework to help businesses navigate these new regulatory requirements. Seven critical dimensions within the COSIRI-24 framework including Compliance Risk, Supplier Assessment, Sustainable Procurement Process, Supply Chain Planning, Product Design, Technology Adoption, and External Communication and Engagement, provide a comprehensive approach to achieving and maintaining compliance with the EUDR.
Learn more about EUDR and how COSIRI-24 can help
See how this regulation affects your industry and explore how these key dimensions in COSIRI can directly support and enhance your sustainability and compliance efforts with the EUDR.
