EU parliament passes historic law forcing companies to track deforestation

May 5, 2023 EcoVadis EN


A law passed by the European Parliament requires companies working in cattle, cocoa, coffee, palm oil, rubber, soy and wood to demonstrate their products aren’t sourced to deforested land or land with forest degradation, or else risk heavy fines.
Companies will have to submit “due diligence” reports showing they took proper steps to verify the origins of their products while also complying with countries’ local regulations on human rights and impacts on Indigenous people.
Critics say the legislation may still lack the teeth to prevent deforestation, especially if political pressure from traders forces EU countries to overlook their noncompliance with the new regulations.


Read the full article at: news.mongabay.com

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EcoVadis EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. We offer a full range of solutions including IQ-Plus Risk & Compliance Management, EcoVadis Ratings, and Carbon Action Module for Scope 3 Decarbonization. Key features like 360/Live News Monitoring, Academy E-learning and Corrective action plans help companies comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 250 industries in 185 countries.

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