TrusTrace unveils highly-automated deforestation complianceFriday 25 Oct 2024 EUDR aims to prevent deforestation by ensuring products entering the EU do not contribute to deforestation or environmental degradation. To comply, companies must provide full traceability to the plot of land, and ensure their EU-bound products are free from deforestation-related practices. This is poised to have significant impacts across the retail industry, as widely used materials like rubber, wood, and leather fall within its scope. “For businesses, navigating the complexities of EUDR is daunting; they are under immense pressure to produce granular traceability data, which makes compliance practices challenging since they need to integrate new processes into existing frameworks,” said TrusTrace CEO and Co-Founder Shameek Ghosh. “This is where our new Deforestation Compliance Solution comes into play. It is designed to seamlessly integrate into the existing processes, ensuring that EU-bound products in the brand's supply chain are compliant with EUDR requirements. The solution is part of the TrusTrace platform, which harmonizes data collection and actions for efficiency and proactive compliance, enabling brands to leverage the collected data to adhere to a broader set of regulations.” The TrusTrace Deforestation Compliance Solution, which was co-designed with leading enterprise brands to validate that it meets industry needs, enables shipment-level deforestation compliance with ease. The solution employs sophisticated automation to enable users to send hundreds of data collection requests with a single click, perform geospatial deforestation analysis in real-time, and generate pre-formatted due diligence statements for instant submission. The collaboration with OpenAtlas, a leader in geospatial analysis, ensures the highest quality satellite imagery and analysis, combining multi-spectral satellite imagery with state-of-the-art AI. To aid EUDR compliance TrusTrace encourage users of the platform to obtain an FSC Certification and ensure certification of their supply chain all the way back to the forest level. Material sourced from FSC-certified forests and plantations is largely aligned with EUDR requirements, providing assurance that strict requirements for sustainable forestry have been met in the country of origin. More >> Source & image credit: TrusTrace | ||
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