Know your size class to understand your obligations under the EUDR
Big or small, does your company’s size impact your EU Deforestation Regulation (EUDR) obligations? We have put together a technical brief to clarify how the EUDR applies to businesses of different sizes.
The EUDR sets obligations for companies placing relevant commodities on the EU market or exporting them from the EU. These obligations depend on a company’s size classification under the Accounting Directive.
In December 2023, an amendment to the directive raised the financial thresholds that determine company size. As a result, some businesses may now fall into a different size class which may potentially alter their due diligence and reporting obligations under the EUDR.
Explore our technical brief for a closer look at the key changes, their implications for enforcement timelines, and how company size affects due diligence responsibilities, reporting requirements, and the ability to appoint authorised representatives.
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