In a wise decision by the European Commision that today published additional guidance documents & a stronger international cooperation framework to support global stakeholders, Member States and third countries in their preparations for the implementation of the EU Deforestation Regulation.
Given feedback received from international partners about their state of preparations, the Commission proposed to give concerned parties additional time to prepare.
If approved by the European Parliament and the Council, it would make the law applicable on 30 December 2025 for large companies and 30 June 2026 for micro- and small enterprises.
Since all the implementation tools are technically ready, the extra 12 months can serve as a phasing-in period to ensure proper and effective implementation.
If you want to know more about how to prepare for compliance & reportomg with thr new ESG regulation – contact us. We have the solutions.
Read more here: https://ec.europa.eu/commission/presscorner/detail/en/ip_24_5009
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