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ESG: Regulations Summary

Council adopts new law to reduce global deforestation
Monday, 22 May 2023

The Council gave final approval to a regulation aimed at reducing the risk of deforestation and forest degradation related with products placed on or exported from the EU market.

The EU is a significant consumer and trader of goods and products that contribute significantly to deforestation. The new restrictions are intended to ensure that the EU's consumption and trade of these commodities and products do not contribute to deforestation or further degradation of forest ecosystems.

 

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