EU Timber Regulations — how robust are your due diligence systems?
While the European Timber Regulation dates back to 2010, it only took direct effect in member states last year. Among other things, it requires operators to ensure they have due diligence systems in place to properly manage the risks of acquiring timber (or products derived from timber) that has been illegally harvested.
A mixed picture is emerging as companies affected seek to put in place due diligence systems to address complex supply chain risks. As the regime is bedding down across Europe, now is a good time to ask whether you have a due diligence system in place that fully meets the requirements of the regulation and addresses the specific risks arising for your supply chains.
The European Timber Regulation forms a cornerstone in the EU’s policy to tackle illegal logging and associated trades. It aims to develop greater supply chain transparency and more responsible trading practices in order to reduce illegal deforestation…
Click on the link below to read the rest of the Allen & Overy briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
Why register to The Lawyer
More relevant to you
News from The Lawyer
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.