(Information sent by the signatory company)
The EUDR (EU Deforestation Regulation) impacts a wide range of actors, from large food or retail chains to small and medium-sized Spanish companies. In this context, osapiens launches the osapiens HUB for EUDR, for the EUDR, to help all types of companies (whether they have 10 or 10,000 suppliers) to comply in a simple, agile and affordable way with the requirements of the EUDR and strengthen their practices sustainability and corporate responsibility
Madrid, May 23, 2024.- According to the Food and Agriculture Organization of the United Nations (FAO), approximately 420 million hectares of forests were lost around the world until 2020. Europe, the second largest importer of products related to deforestation, wants to mitigate the degradation of the global forest mass with the implementation of the EUDR (EU Deforestation Regulation), which will begin to apply on December 30, 2024 for large companies, and from June 2025 for small and micro businesses. Although the regulation will apply within the EU, it will also affect the partners of European companies in other regions, by requiring transparency and traceability in the supply chain. Failure to comply with the EUDR can lead to fines of up to 4% of the company’s net annual turnover in the EU. In addition, it contemplates sanctions such as the temporary exclusion of public bidding procedures and the prohibition of marketing relevant products. In this way, more than 30,000 Spanish companies will have to collect the relevant information to comply with this regulation before the end of the year, since in 2025 Any company that trades in products linked to deforestation must report this data, regardless of its size. The EUDR establishes the need to certify the origin of any product containing beef, cocoa, coffee, palm oil, soy, rubber and wood. This implies that companies in industries such as retail, furniture or publishing will be obliged to implement all processes to comply with community regulations. The key obligations to comply with the EUDR The EUDR introduces new features that companies must take into account to adapt to this regulation, such as the collection of information and documentation showing the legality of the products, their origin or detailed risk assessment. In addition, companies must take measures to mitigate risks before products enter the market. And to make it feasible, the regulations promote the use of technology that easily integrates with other systems for better information management.osapiens HUB is the first sustainability SaaS platform on the market, a tool that stands out for its simplicity, ease of use , the cost savings it entails and, in addition, the possibility of creating transparency throughout the value chain, meeting legal ESG requirements and automating processes. The osapiens HUB features allow for complete understanding of the regulation; supply chain mapping; automated risk evolution and management; implementation of due diligence and verification measures; monitoring and facilitates communication and transparency in the exchange of data.”We constantly work updating the platform so that it offers simple and effective solutions that respond to the new regulations that come into force and will come into force in the coming years. It is in our DNA to be the technological partner that helps companies grow by being more sustainable and transparent”, concludes Marta Piedrafita, country manager of osapiens for Spain and Portugal.
Contact Contact name: Axicom Contact description: Axicom Contact phone: 91 661 17 37