Deforestation and Forest Degradation Regulation (EU) 2023/1115
James Cropper is committed to staying at the forefront of regulatory compliance and environmental stewardship. We are closely monitoring the EU Green Deal and all relevant actions to ensure our operations align with the latest standards.
We welcome the publication of Regulation (EU) 2023/1115, which was published in the Official Journal of the European Union on June 9, 2023, and came into force on June 29, 2023. This regulation, which provides a transitional period until December 2025, aims to reduce the impact of deforestation and forest degradation associated with products available in and exported from the European Union.
With the final legislation now clear and the traceability system in place, we are gathering detailed information from our upstream supply chain. This will enable us to finalize our compliance solutions and deploy them well ahead of the December 2025 deadline. We plan to share our comprehensive strategy starting in January.
James Cropper has already reviewed its systems and products to ensure compliance with this regulation. We appreciate your proactive efforts and look forward to collaborating further to achieve compliance with this evolving legislation.
For any additional questions, please feel free to contact us.
Thank you for your continued support.