TrusTrace has developed a verified shipment-level compliance solution that is suited to real-world situations in collaboration with top business brands, the Forest Stewardship Council (FSC), and OpenAtlas.
October 22, 2024, Stockholm, Sweden In order to assist businesses in meeting and proving deforestation-free shipments in accordance with the EU’s Deforestation Regulation (EUDR), TrusTrace, a global pioneer in product traceability and supply chain compliance, today introduced its cutting-edge Deforestation Compliance Solution. The new ruling to postpone enforcement until December 30, 2025, gives businesses a critical window of time to get ready and make sure their supply chains adhere to the strict requirements before the deadline. Proactive planning is crucial for compliance success because it can take many months to set up processes and obtain all the data required for customs clearance.
By guaranteeing that goods entering the EU don’t contribute to environmental degradation or deforestation, the EUDR seeks to combat deforestation. Companies must guarantee that their EU-bound products are free from deforestation-related practices and offer complete traceability to the land plot in order to comply. Given that it covers commonly used materials like leather, wood, and rubber, this is set to have a big influence on the retail sector as a whole.
According to Shameek Ghosh, CEO and co-founder of TrusTrace, “businesses find it difficult to navigate the complexities of EUDR; they are under tremendous pressure to produce granular traceability data, which makes compliance practices challenging since they need to integrate new processes into existing frameworks.” Our new Deforestation Compliance Solution is useful in this situation. Its seamless integration into current procedures guarantees that EU-bound goods in the brand’s supply chain adhere to EUDR regulations. The TrusTrace platform, which includes the solution, unifies data collection and actions for efficiency and proactive compliance, allowing brands to use the data gathered to comply with a wider range of requirements.
Shipment-level deforestation compliance is made simple with the TrusTrace Deforestation Compliance Solution, which was co-designed with top business brands to ensure it satisfies industry standards. The technology uses advanced automations to allow users to create pre-formatted due diligence statements for immediate submission, do geographic deforestation research in real-time, and issue hundreds of data collection requests with a single click. By fusing multi-spectral satellite imagery with cutting-edge artificial intelligence, the partnership with OpenAtlas, a pioneer in geospatial analysis, guarantees the best quality satellite images and analysis.
To facilitate adherence to EUDR In order to guarantee that their supply chain is certified all the way back to the forest level, TrusTrace urges its users to earn an FSC Certification. The majority of the material derived from FSC-certified forests and plantations complies with EUDR regulations, guaranteeing that stringent standards for sustainable forestry have been fulfilled in the nation of origin.
Specifically, the new solution provides:
● Shipment-level traceability: Brands can map farms and gather traceability data required by EUDR. maintaining complete product traceability by effectively incorporating GPS locations and FSC certifications for every shipment headed for the EU.
● Accurate risk assessment: Brands can perform thorough risk assessments, benchmark country-level risks automatically, and rapidly confirm compliance with geospatial analysis using OpenAtlas satellite images—all at the shipment level for accurate evaluation.
● Real-time risk and compliance monitoring: The solution enables users to monitor and mitigate risks while keeping complete visibility into compliance status by offering a thorough overview of data, insights, and reports for every shipment on an intuitive, user-friendly risk and compliance dashboard.
● Automated DDS generation: Through API integration, brands may quickly and easily create due diligence statements in the format needed for every shipment and submit them to the European Commission.
● Availability of supplier support and policy teams: TrusTrace offers assistance to both customers and suppliers. Dedicated trainers will assist providers in effectively sharing their data, while policy and regulation specialists will keep clients informed about the most recent regulatory developments.
Businesses all throughout the world are aware of the EUDR, but in practice, they are being forced to abide by a number of rules. The US Lacey Act and the UK Environment Act are scheduled to be revised in relation to deforestation alone, and several regulations demand due diligence and supply chain traceability.
Ghosh claims that TrusTrace is the ideal tool for brands to use in order to manage risk and compliance consistently. Businesses can use the data gathered across regulations thanks to TrusTrace’s patented platform for collecting risk and compliance data. This indicates that they don’t need to use several different solutions to meet present and future expectations because they have the data foundation in place,” he said. “We are uniquely positioned to assist brands in achieving complete supply chain visibility and meeting global compliance standards thanks to our state-of-the-art technological solutions and partner network.”
To learn more, go to www.trustrace.com. Click here to download photos.
