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12   MARKET BEATS                                                                 JUL/AUG 2024 FDM ASIA | www.fdmasia.com






         commons.wikimedia.org                               FSC Blockchain (Beta), will help companies report on their
                                                                In addition, FSC Aligned Reporting for EUDR, powered by

                                                             EUDR Due Diligence activities.



                                                             New standard for Peru
                                                             FSC announce the official publication of the new FSC Forest
                                                             Stewardship Standard for Peru, which covers all categories of
                                                             management units in natural forests and plantations, including
                                                             small and low intensity managed forests, as well as non-timber
                                                             forest products.
                                                                This standard, effective October 15, 2024, not only focuses
                                                             on productive management, but also encompasses conservation
                                                             management and forest restoration.

                                                                Peru, being a country rich in natural forests, has a territory
                                                             where almost 60 percent is covered by forests (Ministry of
                                                             Environment (MINAM), 2024), covering a total area of 82,543,385
                                                             hectares as of 2019.
                                                                These  forests include Amazonian forests (94.2%), dry
                                                             forests (4.7%) and Andean forests (1.1%), with a diversity of
          New FSC Initiative &                               42 types of forests on the coast, highlands and jungle, each

          Standard                                           with its own unique richness.
                                                                These ecosystems are fundamental to Peru and the world,
                                                             providing invaluable benefits such as natural resources, water
          FSC is aligning for EUDR                           and food, as well as  playing a crucial  role in stabilising the
          When the EU Regulation on Deforestation-free Products (EUDR)   climate and environment.
          came into force in June 2023, FSC accelerated several existing   They are also the home and livelihood of indigenous
          projects to align our sustainable forestry standards with the   communities, representing a great potential for the development
          EUDR requirements and develop the required technology   of sustainable productive initiatives that generate well-being
          solutions to ease compliance for companies.        for the people who live in them.

            FSC Aligned for EUDR takes the complexity out of EUDR   The biodiversity of Peru's protected natural areas, which
          requirements and provides a robust solution to help certificate   covers approximately 20 million hectares of forests and varied
          holders become compliant on time.                  ecosystems, contribute more than US$1 billion annually to
            FSC Aligned Certification for EUDR supports companies   the national economy through non-timber forest products,
          to fulfil their due diligence obligations. It includes the newly   ecosystem services and tourism, among others.
          developed FSC Regulatory Module and FSC Risk Assessment   However, these benefits are threatened by deforestation,
          Framework and enables EUDR alignment by leveraging   with a loss of 2.9 million hectares of forest between 2001 and

          FSC’s robust system to find out how to start implementation   2022, at an average of 131,000 hectares per year, according
          immediately.                                       to data from the Ministry of Environment's GeoBosques portal.
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