Seven commodities are affected by the regulation: cattle, cacao, coffee, oil palm, rubber, soy, and timber as well as derived products such as chocolate, leather or furniture.
Operators and traders need to prove that the commodites have been produced on land that has not been subject to deforestation or degradation after 31 December 2020.
Companies need to trace the products they are selling back to the plot of land where they were sourced and collect the geographic coordinates of the plots.
The regulation entered into force on 29 June 2023 and will enter into obligation for large companies on 30 December 2024. For SMEs, the regulation will enter into obligation on 30 June 2025.
Penalties for non-compliance may include fines of over 4% of the turnover within the EU, temporary exclusion from public procurement/access to public funding, and confiscation of goods.
We fuse multiple types of satellite data to derive information on vegetation cover, land cover changes and deforestation events.
Optical
Synthetic Aperture Radar
LiDAR
Usual Resolution
Nadar's Resolution
Caroline Busse, CEO