Navigating the complex terrain of deforestation and supply chains, the European Union's Deforestation Regulation (EUDR) can serve as a watershed policy directive. This regulation not only addresses deforestation associated with both legally and illegally sourced commodities but also sets a new benchmark for global sustainability practices.
In light of this regulation, Climate Bonds has put together this Briefing as guidance for Corporates and Financial Institutions to guide their sustainability practices, equipping them with the strategic tools needed for not only compliance but also for leadership in the evolving landscape of sustainable supply chains.
-
Voluntary Certification: Establish your company's credibility and compliance through voluntary certifications that adhere to recognised criteria.
-
Structured Transition Plans: These serve as invaluable frameworks to guide corporate initiatives in eradicating commodity-driven deforestation, aligning corporate strategy with global sustainability goals.
-
Reporting: Transparency in due diligence is indispensable. Reporting not only fulfills information requirements but also plays a pivotal role in risk assessment and mitigation, as set forth in the EUDR.
-
Beyond Compliance: In the current climate landscape, mere legal compliance is insufficient. Adopting best practices in sustainability is vital for enhancing corporate resilience against climate-related risks.
