EU Deforestation-free Regulation (EUDR)
The European Due Diligence Regulation on deforestation-free supply chains (EUDR) requires companies to prove that their products come from deforestation-free land. Are you at risk?
What you need to know about the deforestation-free law
- The EUDR requires companies sourcing coffee, cocoa, palm oil, rubber, soy, beef, and wood commodities (or derivatives) to conduct due diligence on their supply chains to identify, prevent, and mitigate deforestation and forest degradation.
- It affects both EU and non-EU companies doing business in the EU with over 500 employees. And eventually also those with 250 employees and a net turnover of EUR 40 million worldwide and more.
- Companies must be able to prove “limited assurance” that their supply chains do not contribute to deforestation by October 1st, 2026, and “reasonable assurance” that their supply chains do not contribute to deforestation by October 1st, 2028.
How BanQu helps you with EUDR compliance
SOURCE-LEVEL VISIBILITY
BanQu’s blockchain-based tech and on-the-ground implementation teams help you get source-level visibility and auditable data so you can track and prove the exact origin of your materials down to the plot of land or farmer.
CHAIN OF CUSTODY DATA
Regardless of the amount of movement, transformations, and touches to your materials, BanQu captures chain of custody data so you can confidently track and report on material impact, from source to shelf.
REAL-TIME REPORTING
When you need to report on your supply chain data to shareholders or auditors, BanQu’s customizable ESG dashboards make showing and proving your supply chain impact a breeze.
Frequently Asked Questions
BanQu’s ability to get you source-level, primary data down to the plot of land and farmer allows you to quickly identify and mitigate any potential deforestation or forest degradation in your sourcing.
We help our customers with EUDR compliance by defining the data they need to capture and report on, scoping out and mapping their supply chain, implementing BanQu with their upstream suppliers, and providing ongoing customer and product support beyond initial onboarding.
Working with BanQu and using our traceability technology includes project scoping, supply chain mapping, and on-the-ground implementation — so we’ll help you map past your Tier 2 suppliers and have our implementation teams get your upstream all connected to the BanQu system. You will also have a customer success manager assigned to your account to help ensure you’re continually benefitting from BanQu even beyond initial implementation.