DE With the introduction of the EU Deforestation-Free Products Regulation (EUDR) we’re reaching a turning point for retail and trade professionals. This regulation isn’t merely an update of the EU Timber Regulation; it’s a transformation in how we approach product imports into the EU, aimed at preserving our planet’s forests and biodiversity.
Expect a heavy focus on due diligence
Under the EUDR it will be mandatory to declare your due diligence in writing, before placing a product on the market. This entails a Statement for every batch of goods, with specific requirements varying by the used raw materials. The required effort is significant and impactful, but necessary to reach our global environmental goals.
ProductIP is there to support
Understanding the potential burden this regulation brings, we’ll do everything to simplify the process for our customers. A template to kickstart your declarations is available, with plans to automate this process, saving you time and money. After submission of the Statement to an EU information system, you’ll receive a unique identifier for your importing documents. Though the EU portal is still in testing, preparation is key.
Start preparing today to be ready
1. Map your supply chain: Document every supplier down to the source using ProductIP’s supplier profiles. Seek partners with robust social audit reports and certified environmental schemes. This meticulous work ensures compliance and meets the regulation’s stringent standards. It will take considerable time. Start!
2. Stay informed: We’re on top of developments, including potential API integration for seamless data exchange. Our platform is developing continuously, expanding to cover broad legislation needs.
3. Exercise due diligence: collect information, assess and mitigate your supply chain risks. Rely on ProductIP for support on this.
Keep up to date on the latest developments
· ProductIP Connect: set your e-mail preferences here
· Our mobile app for real-time notifications: download our iOS or Android App
· Follow-Us on LinkedIn for insights, updates and interaction with other problem owners!
Waiting is not an option
The journey to compliance is complex, but starting early with ProductIP can streamline this process. Engage with us, ask questions, and let’s tackle these challenges together. Remember, any change in your supply chain necessitates a new Statement. Starting now ensures you stay ahead.
