EUDR for Rubber: Turning Compliance into a Business Growth Opportunity
EUDR for Rubber: Turning Compliance into a Business Growth Opportunity
9 December 2024 News
In a landmark collaboration, LiveEO and the Programme for the Endorsement of Forest Certification (PEFC) are transforming how the rubber sector navigates the stringent EU Deforestation Regulation (EUDR). The partnership combines PEFC’s globally recognized certification framework with LiveEO’s cutting-edge satellite-based compliance technology, offering robust tools to enable deforestation-free supply chains while unlocking new market opportunities.
Simplifying Compliance for CoC Holders
PEFC Chain of Custody (CoC) holders are at the forefront of this initiative, gaining access to LiveEO’s TradeAware platform. This software equips businesses with the capability to apply EUDR claims efficiently by automating evidence collection, such as geolocation data and supplier documentation. These features ensure traceability, legality, and sustainability in sourcing practices, which are crucial for meeting EUDR requirements.
Integrating Smallholders for Market Access
Smallholders, especially in the Asia Pacific region, who play a pivotal role in the rubber supply chain, often struggle to meet the high compliance thresholds set by EUDR. LiveEO addresses this challenge by enabling smallholders to contribute key compliance data through a secure, user-friendly interface. This inclusion not only strengthens supply chain transparency but also enhances smallholders' access to European markets, ensuring their continued participation in global trade.
Facilitating Collaboration with New Suppliers
For PEFC CoC holders, working with new suppliers becomes seamless through the TradeAware platform. The system allows for scalable onboarding, secure data sharing, and thorough risk assessments, ensuring that all partners adhere to EUDR standards. Suppliers benefit from maintaining confidentiality while sharing essential compliance information, fostering trust and operational efficiency.
A Technology-Driven Solution for Regulatory Success
The platform’s ability to integrate with existing ERP systems makes compliance management straightforward, reducing operational burdens. Automated submission of Due Diligence Statements (DDS) directly to the EU Information System ensures timely and accurate reporting, mitigating risks of non-compliance.
This partnership exemplifies how technology and certification can drive sustainability and compliance in the rubber sector. By addressing the unique challenges faced by stakeholders, particularly smallholders, LiveEO and PEFC are not only simplifying regulatory adherence but also promoting equitable and sustainable trade practices.
PEFC’s mission is to empower smallholder communities gain better market access with forest certification.
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