Liability risks for executives are increasing significantly: New regulatory requirements such as NIS-2, CSRD, and the Supply Chain Act are expanding the responsibilities of managing
The very name of the regulation is misleading. “Deforestation Ordinance” sounds more like a set of rules for agriculture or forestry. But it is not, at least not only that. In fact, it affects traders and manufacturing companies in all sectors. In particular, it affects those who trade in raw materials and products that have been deforested in the past – usually outside Europe. Manufacturers and retailers who have no direct obligations under the regulation should also address the issue. This is because relevant raw materials or products could become scarce. However, not everyone is acting yet. There are many misconceptions about the EUDR. Thomas Uhlig and Stephan Freismuth explain the eight most common ones on klardenker, the blog of our cooperation partner KPMG. Read the full article here.
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