Latest news with #EUDR
New Straits Times
30 minutes ago
- Business
- New Straits Times
Malaysia targets 'low-risk' EU status to tackle deforestation rule
KUALA LUMPUR: Malaysia's newly established special committee on the European Union Deforestation Regulation (EUDR) is examining how countries like Thailand attained a low-risk classification. This status allows them to export forest-based products to the EU with fewer restrictions. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said the committee includes his ministry, the Natural Resources and Environmental Sustainability Ministry, and the Investment, Trade and Industry Ministry. It will coordinate efforts to help Malaysia secure low-risk status for forest-based product exports. "The first step is to review and understand why Malaysia is categorised as standard risk, while countries like Thailand have achieved a low-risk status. "We need to identify the differences and work on improving them. Eventually, we too will attain a low-risk classification. "At present, 30 per cent of our exports are subject to sampling and inspection. "To facilitate exports, we must upgrade from standard risk to low-risk. "Once we achieve low-risk status, our products will enter international markets more easily." He said this after attending the Titiwangsa Umno delegates' meeting. Johari, who chairs the committee, said that to attain low-risk status, Malaysia must align its forest governance, certification systems and monitoring practices with international standards. He added that cooperation from state governments will be crucial, given their role in forest land management. Asked when Malaysia might achieve low-risk status, Johari said: "If possible, as soon as possible, but we need to do it right." "Some areas may have exceeded deforestation thresholds, so they will need to be reviewed carefully." On June 26, the government formed a special committee to spearhead Malaysia's response to EUDR, aiming to maintain EU market access and strengthen sustainability compliance across key export sectors. It held its first meeting in Putrajaya on June 26, bringing together officials and technical experts to align national policies, implementation strategies and data systems with EUDR requirements. The committee will also serve as the central platform for Malaysia's engagement with the European Commission, including the submission of official datasets, policy updates, and participation in technical exchanges. This whole-of-government effort underscores Malaysia's commitment to sustainability across key commodities — including palm oil, rubber, timber and cocoa — which collectively generated RM186 billion in export value last year.
New Straits Times
2 days ago
- Business
- New Straits Times
Malaysia forms committee on EU deforestation rule
KUALA LUMPUR: The Malaysian government has formed a Special Committee to spearhead the country's response to the European Union Deforestation-free Products Regulation (EUDR), aiming to ensure continued access to the European Union market and strengthen sustainability compliance across key export sectors. Chaired by Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani, the committee involves three key ministries: the Ministry of Plantation and Commodities (MPC), Ministry of Natural Resources and Environmental Sustainability (NRES), and Ministry of Investment, Trade and Industry (MITI). Their respective secretaries general will co-chair the working committee. The committee held its first meeting in Putrajaya today, bringing together officials and technical experts to align national policies, implementation strategies, and data systems to meet EUDR requirements. A key priority of the Committee is to secure Malaysia's classification as a low-risk country under the EUDR framework. This includes strengthening national traceability systems and ensuring the provision of credible forest data to the Global Forest Resources Assessment (FRA) by the Food and Agriculture Organisation of the United Nations (FAO), which forms the quantitative basis for EUDR's country risk assessment. The Committee will also act as the central channel for Malaysia's engagement with the European Commission, including the submission of official datasets, policy updates and participation in technical exchanges. This whole-of-government effort underscores Malaysia's firm commitment to sustainability across key commodities, including palm oil, rubber, timber and cocoa, which collectively generated RM186 billion in global export value in the whole of 2024.
Associated Press
4 days ago
- Business
- Associated Press
Third Partners' Tailored EUDR Consulting Service Eases EU Deforestation Regulation Compliance for Mid-Sized U.S. Companies
MORRISTOWN, N.J. & MINNEAPOLIS--(BUSINESS WIRE)--Jun 24, 2025-- Third Partners, a boutique management consultancy specializing in data management and business performance improvement, designed a simplified process for U.S. companies to comply with the European Union's Deforestation Regulation (EUDR) ahead of the December 30 deadline. The niche: domestic companies exporting wood, beef, soy, packaging and other covered products. This press release features multimedia. View the full release here: Third Partners' EUDR Compliance Risk Dashboard is part of the tailored deforestation risk assessment solution for mid-sized U.S. companies. Clients get a rapid report based on known sourcing data, which is then used to inform the due diligence and compliance process. 'Know your risk, before you ship' is essential for U.S. exporters of wood products, beef, packaging and other covered materials to avoid costly container holds, seizures and fines. Third Partners can run the risk assessment using any level of existing supply chain data that companies have, including supplier lists. The report indicates likely risk hotspots based on the EU definition of deforestation. While it takes some effort to comply, EUDR can create comparative advantages for 'Made in the USA' products by proving products do not contribute to deforestation. The U.S. has been designated 'low risk' and has a vibrant and sustainable forestry industry, strong legal protections, and consumers who value biodiversity. Third Partners' solution adapts to the specific capabilities of each company to solve data gaps, leveraging the latest EUDR policy revisions. Using personalized supply chain data acquisition, GIS mapping, satellite data, and AI-powered analytics capability, their process condenses an otherwise lengthy supply chain traceability and reporting process into a few easy steps. Mid-sized U.S. companies selling covered products to the EU market face stark legal and financial consequences by year-end. 'Companies hoping the EU will further ease these regulations are perilously close to running out of time,' said Adam Freedgood, co-founder of Third Partners. 'The vast majority of U.S. companies can avoid turning EUDR into a trade barrier, and even gain a competitive economic advantage, by tackling supply chain data challenges in-house,' said Freedgood. 'We tailored our EUDR solution to middle market companies telling us they 'just need it done.' If you're large enough to be caught up in EUDR requirements, but don't ship thousands of container loads to the EU there was no right-sized solution until now,' said Freedgood. Third Partners' EUDR compliance process is collaborative and meets each company where they are with supplier relationships, geodata processing expertise, and knowledge of the regulation. 'We run a preliminary risk assessment report in week one, a targeted due diligence plan in week two, and then take it from there,' said Freedgood. Companies achieve confidence that they can generate Due Diligence Statements (DDS) by December 30 and have a clear ongoing process to stay compliant. EUDR is not the first regulation and certainly not the last to require sub-tier supply chain mapping and risk assessment. 'From over a decade of consulting experience we know mid-sized companies get the best results when they strengthen in-house capabilities. Developing environmental risk management tools and processes internally helps firms compete globally with larger peers while reducing the costs of unmitigated risks,' said Freedgood. 'EUDR policy uncertainty has led to a market flooded with inflated compliance products that rarely deliver on promises of easy implementation,' Freedgood noted, 'With EUDR companies cannot simply send a last minute survey to suppliers and hope for the best.' Third Partners offers step-by-step support to digitally map forests and farms, fix gaps in supplier data, and prepare the hundreds of geoJSON (GIS files) for a company to generate the Due Diligence Statements required to export to the EU market. Companies that work with Third Partners on EUDR, or any environmental risk data challenge, get the same thing every time — a lightweight but rigorous solution leveraging existing business data, people, and systems. View source version on CONTACT: MEDIA CONTACT Adam Freedgood [email protected] +1 (646) 470-4004 KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA NEW JERSEY INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT SUSTAINABILITY FOREST PRODUCTS TECHNOLOGY AGRICULTURE NATURAL RESOURCES ENVIRONMENT DATA ANALYTICS TRANSPORT CONSULTING LOGISTICS/SUPPLY CHAIN MANAGEMENT SOURCE: Third Partners Copyright Business Wire 2025. PUB: 06/24/2025 06:15 AM/DISC: 06/24/2025 06:14 AM
Business Wire
4 days ago
- Business
- Business Wire
Third Partners' Tailored EUDR Consulting Service Eases EU Deforestation Regulation Compliance for Mid-Sized U.S. Companies
MORRISTOWN, N.J. & MINNEAPOLIS--(BUSINESS WIRE)-- Third Partners, a boutique management consultancy specializing in data management and business performance improvement, designed a simplified process for U.S. companies to comply with the European Union's Deforestation Regulation (EUDR) ahead of the December 30 deadline. The niche: domestic companies exporting wood, beef, soy, packaging and other covered products. "The vast majority of U.S. companies can avoid turning EUDR into a trade barrier, and even gain a competitive economic advantage, by tackling supply chain data challenges in-house," said Adam Freedgood, co-founder at Third Partners. Share Third Partners' solution adapts to the specific capabilities of each company to solve data gaps, leveraging the latest EUDR policy revisions. Using personalized supply chain data acquisition, GIS mapping, satellite data, and AI-powered analytics capability, their process condenses an otherwise lengthy supply chain traceability and reporting process into a few easy steps. Mid-sized U.S. companies selling covered products to the EU market face stark legal and financial consequences by year-end. 'Companies hoping the EU will further ease these regulations are perilously close to running out of time,' said Adam Freedgood, co-founder of Third Partners. 'The vast majority of U.S. companies can avoid turning EUDR into a trade barrier, and even gain a competitive economic advantage, by tackling supply chain data challenges in-house,' said Freedgood. 'We tailored our EUDR solution to middle market companies telling us they 'just need it done.' If you're large enough to be caught up in EUDR requirements, but don't ship thousands of container loads to the EU there was no right-sized solution until now,' said Freedgood. Third Partners' EUDR compliance process is collaborative and meets each company where they are with supplier relationships, geodata processing expertise, and knowledge of the regulation. 'We run a preliminary risk assessment report in week one, a targeted due diligence plan in week two, and then take it from there,' said Freedgood. Companies achieve confidence that they can generate Due Diligence Statements (DDS) by December 30 and have a clear ongoing process to stay compliant. EUDR is not the first regulation and certainly not the last to require sub-tier supply chain mapping and risk assessment. 'From over a decade of consulting experience we know mid-sized companies get the best results when they strengthen in-house capabilities. Developing environmental risk management tools and processes internally helps firms compete globally with larger peers while reducing the costs of unmitigated risks,' said Freedgood. "EUDR policy uncertainty has led to a market flooded with inflated compliance products that rarely deliver on promises of easy implementation,' Freedgood noted, 'With EUDR companies cannot simply send a last minute survey to suppliers and hope for the best.' Third Partners offers step-by-step support to digitally map forests and farms, fix gaps in supplier data, and prepare the hundreds of geoJSON (GIS files) for a company to generate the Due Diligence Statements required to export to the EU market. Companies that work with Third Partners on EUDR, or any environmental risk data challenge, get the same thing every time — a lightweight but rigorous solution leveraging existing business data, people, and systems. About Third Partners Third Partners is a full-service sustainability management consulting firm in business since 2013. We support C-suite executives and managers at global brands, middle market leaders, and high growth startups to build more valuable and resilient companies. We achieve results by offering strategic advisory, data management, and tailored solutions backed by training and technology advisory. Our clients seek to eliminate risks to brand, product, and mission, ensuring they meet evolving expectations of buyers, investors, and customers. About the EU Deforestation Regulation EUDR is global trade policy that reflects the urgency of reversing commodity-linked deforestation. It covers a massive number of U.S. companies, including those that use, produce, or trade commodities linked to deforestation, including cattle, cocoa, coffee, palm oil, soy, rubber and wood. Consequences of non-compliance include fines, confiscation of revenues, and temporary prohibitions from operating in the EU.
Yahoo
4 days ago
- Business
- Yahoo
Third Partners' Tailored EUDR Consulting Service Eases EU Deforestation Regulation Compliance for Mid-Sized U.S. Companies
Support includes GIS mapping of farms and forests to help buyers, sourcing and procurement managers at mid-sized companies who 'just need it done' but struggle with supplier engagement and geodata processing tools. MORRISTOWN, N.J. & MINNEAPOLIS, June 24, 2025--(BUSINESS WIRE)--Third Partners, a boutique management consultancy specializing in data management and business performance improvement, designed a simplified process for U.S. companies to comply with the European Union's Deforestation Regulation (EUDR) ahead of the December 30 deadline. The niche: domestic companies exporting wood, beef, soy, packaging and other covered products. Third Partners' solution adapts to the specific capabilities of each company to solve data gaps, leveraging the latest EUDR policy revisions. Using personalized supply chain data acquisition, GIS mapping, satellite data, and AI-powered analytics capability, their process condenses an otherwise lengthy supply chain traceability and reporting process into a few easy steps. Mid-sized U.S. companies selling covered products to the EU market face stark legal and financial consequences by year-end. "Companies hoping the EU will further ease these regulations are perilously close to running out of time," said Adam Freedgood, co-founder of Third Partners. "The vast majority of U.S. companies can avoid turning EUDR into a trade barrier, and even gain a competitive economic advantage, by tackling supply chain data challenges in-house," said Freedgood. "We tailored our EUDR solution to middle market companies telling us they 'just need it done.' If you're large enough to be caught up in EUDR requirements, but don't ship thousands of container loads to the EU there was no right-sized solution until now," said Freedgood. Third Partners' EUDR compliance process is collaborative and meets each company where they are with supplier relationships, geodata processing expertise, and knowledge of the regulation. "We run a preliminary risk assessment report in week one, a targeted due diligence plan in week two, and then take it from there," said Freedgood. Companies achieve confidence that they can generate Due Diligence Statements (DDS) by December 30 and have a clear ongoing process to stay compliant. EUDR is not the first regulation and certainly not the last to require sub-tier supply chain mapping and risk assessment. "From over a decade of consulting experience we know mid-sized companies get the best results when they strengthen in-house capabilities. Developing environmental risk management tools and processes internally helps firms compete globally with larger peers while reducing the costs of unmitigated risks," said Freedgood. "EUDR policy uncertainty has led to a market flooded with inflated compliance products that rarely deliver on promises of easy implementation," Freedgood noted, "With EUDR companies cannot simply send a last minute survey to suppliers and hope for the best." Third Partners offers step-by-step support to digitally map forests and farms, fix gaps in supplier data, and prepare the hundreds of geoJSON (GIS files) for a company to generate the Due Diligence Statements required to export to the EU market. Companies that work with Third Partners on EUDR, or any environmental risk data challenge, get the same thing every time — a lightweight but rigorous solution leveraging existing business data, people, and systems. About Third PartnersThird Partners is a full-service sustainability management consulting firm in business since 2013. We support C-suite executives and managers at global brands, middle market leaders, and high growth startups to build more valuable and resilient companies. We achieve results by offering strategic advisory, data management, and tailored solutions backed by training and technology advisory. Our clients seek to eliminate risks to brand, product, and mission, ensuring they meet evolving expectations of buyers, investors, and customers. About the EU Deforestation RegulationEUDR is global trade policy that reflects the urgency of reversing commodity-linked deforestation. It covers a massive number of U.S. companies, including those that use, produce, or trade commodities linked to deforestation, including cattle, cocoa, coffee, palm oil, soy, rubber and wood. Consequences of non-compliance include fines, confiscation of revenues, and temporary prohibitions from operating in the EU. View source version on Contacts MEDIA CONTACT Adam Freedgoodcontact@ +1 (646) 470-4004 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
