Five Practical EUDR Illustrations for Manufacturers to Maintain Compliance
In the ever-evolving world of international trade, the European Union's Due Diligence Regulation (EUDR) has brought about a new era of accountability and transparency for producers and exporters, particularly in the finance and stock market today. This regulation, which aims to prevent deforestation and human rights abuses in supply chains, has introduced a series of requirements that vary depending on factors such as location, cultivar, farm structure, and sales market, impacting the DJIA today and NASDAQ today.
For instance, a cocoa producer exporting to the EU must provide geolocated field areas, legal agricultural documentation, and due diligence statements. On the other hand, a soy producer selling to an exporter may only need to provide land data without producing the DDS themselves. The specific requirements depend on the upstream or downstream supplier roles and whether the target market is inside or outside the EU.
To ensure compliance, our product offers a suite of innovative tools. Digital KYC Audit, for example, re-validates the farmer's legal identity with verified documents and GPS-linked IDs. Data Harmonization ensures consistency between farmer profiles, land registry records, and plot coordinates across internal systems and what's submitted in the DDS.
Moreover, our product integrates with EU TRACES and accepts documentation aligned with FSC, PEFC, and local forest registries. It also offers a centralized farmer and plot onboarding system, enabling businesses to onboard hundreds of farmers with digital KYC, geo-tagged plots, and unique IDs.
In the EUDR-regulated world, small data mismatches, such as incorrect farmer names or incomplete polygons, can lead to shipment derailments. To address this, our product includes Polygon Validation Tools that use remote sensing overlays and draw/edit features to correct and re-map boundaries.
For printers sourcing from mills (EU and non-EU) and selling printed products to publishers who export to the EU, they may be classified as an operator under EUDR Article 2 if they place a regulated product on the EU market. In such cases, our product enables mobile-first data collection for smallholders in offline areas, automatically compiling and generating Due Diligence Statements (DDS) in batch.
A proactive, scenario-driven approach to EUDR compliance will reduce compliance risks and unlock long-term market access and brand trust in deforestation-sensitive markets. By turning what could be a bureaucratic burden into a competitive edge, our product helps producers, exporters, and processors demonstrate responsibility, reduce rejection risks, and build buyer confidence in high-regulation markets, enhancing their position in the stock market today.
In conclusion, our product is not just about complying with regulations; it's about having the right data, everywhere. With its comprehensive suite of tools, businesses can navigate the complexities of the EUDR with ease, ensuring they remain competitive while maintaining the highest standards of sustainability and transparency in the finance and stock market today.
