Busi­ness Brunch digi­tal: Focus on Cor­po­ra­te Due Dili­gence Requirements

Location

Date ,

The EU Tim­ber Regu­la­ti­on and the Sup­p­ly Chain Act

Tim­ber is one of the world’s oldest mate­ri­als and is con­side­red the buil­ding mate­ri­al of the future due to its eco­lo­gi­cal and con­ser­va­tio­nal pro­per­ties, as well as its effec­ti­ve­ness in con­s­truc­tion. But in respon­se to gro­wing glo­bal demand for tim­ber and the growth in ille­gal log­ging, a clear social and poli­ti­cal con­sen­sus has for­med as to the need to pre­ser­ve the world’s forests and afford them sus­tainable pro­tec­tion. The EU Tim­ber Regu­la­ti­on, Regu­la­ti­on (EU) No. 995/2010 (the EUTR), was adopted in 2013 with this goal in mind. It pro­hi­bits rele­vant eco­no­mic ope­ra­tors from sel­ling or pla­cing on the EU mar­ket ille­gal­ly har­ve­s­ted tim­ber and pro­ducts deri­ved from ille­gal­ly har­ve­s­ted tim­ber and requi­res them to imple­ment due dili­gence pro­ces­ses (DDPs), inclu­ding coll­ec­ting infor­ma­ti­on, asses­sing risks and miti­ga­ting the risks iden­ti­fied.

Com­pa­nies based in Ger­ma­ny will face even more exten­si­ve requi­re­ments in the future in order to ensu­re that they ful­fill their respon­si­bi­li­ty to pro­tect the envi­ron­ment and human rights in the sup­p­ly chain. The Sup­p­ly Chain Due Dili­gence Act, adopted by Germany’s Fede­ral Par­lia­ment on 11 June 2021, requi­res cer­tain com­pa­nies to estab­lish risk manage­ment sys­tems and ope­ra­te accor­din­gly. At the same time, the EU Com­mis­si­on is working on a pro­po­sed Direc­ti­ve in the same vein, which includes even stric­ter rules in some cases. Accor­din­gly, the Euro­pean tim­ber indus­try will be facing con­sidera­ble chan­ges and com­pa­nies need to prepa­re for the­se chan­ges as soon as possible.

  • Which spe­ci­fic due dili­gence requi­re­ments will app­ly for mar­ket ope­ra­tors along the value chain?
  • At what point does a risk requi­re com­pa­nies to take action?
  • Which con­se­quen­ces could com­pa­nies face if they vio­la­te the­se requirements?

Ses­si­on 1
EU Tim­ber Regulation

  • Legal con­di­ti­ons for pla­ce­ment of tim­ber and tim­ber pro­ducts on the market
  • Main fea­tures of the EUTR
  • Les­sons lear­ned and prac­ti­cal hints

Spea­k­er

  • Saskia Witt­brodt, Seni­or Asso­cia­te in te Regu­la­to­ry Affairs & Markt Mea­su­res team

Ses­si­on 2
Sup­p­ly Chain Due Dili­gence Act

  • Legal con­di­ti­ons for pla­ce­ment of tim­ber and tim­ber pro­ducts on the market
  • Main fea­tures of the EUTR
  • Les­sons lear­ned and prac­ti­cal hints

Spea­k­er

We look for­ward to exci­ting mate­ri­al and dis­cus­sion with the participants.

Event­fly­er

Regis­ter now. Admis­si­on is free of char­ge. The event will be con­duc­ted on 17 Sep­tem­ber 2021 from 10:30 am-12:00 pm as a web­i­nar with Zoom video con­fe­ren­cing software.

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