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
Off to a good start: first application of ESRS by large issuers
The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has published a Public Statement on…
Atlas of Global Ecosystems
Around the world, new systems are being pushed to help address the existential threats of climate change, biodiversity loss and…
Catalogue of good environmental practices of Spanish companies 2023
CEOE has prepared a catalogue of good practices of Spanish companies related to the environmental SDGs of the 2030 Agenda…