Soy and legal compliance in Brazil: Risks and opportunities under the EU deforestation regulation
Detalles
| The new EU regulation on deforestation requires imports of agricultural products to comply with the relevant national regulations of producer countries. How important will this be for importers? This new research published by Trase and ICV shows that, in 2020, 16% of soybeans in the Amazon and Cerrado were produced on farms that did not comply with Brazil's Forest Code. Most of this soybeans were exported to China and the EU. Another 58 percent of the soybeans came from farms that showed signs of possible Forest Code violations, but whose compliance status could not be clarified with publicly available data. Together, this gives a total of 74% of production affected by some evidence of possible non-compliance. These results suggest that traders will face challenges in systematically verifying legal compliance within their supply chains. |
Recursos relacionados
From disclosure to action: CSRD and science-based targets for nature
The article describes how by complementing the Corporate Sustainability Reporting Directive (CSRD) and science-based targets (SBTs), companies can actively address…
Carbon footprint in Spanish companies: results of the CEOE business survey
There is no doubt today that companies are fully aware and committed to the importance of addressing climate change. To…
Sustainable investing in protected areas and biodiversity
This publication provides initial guidance to countries on key tools for attracting public and private sector investments in conservation and…