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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.

