The nonprofit estimates at least 37 big U.S.-based companies, including Starbucks and Kellogg, will be covered by the new rules.
Trees absorb carbon dioxide, and forest loss and damage has caused around 10% of global warming, according to nonprofit World Wildlife Fund.
The EU rules apply to companies meeting the bloc’s broad definition of an “operator,” which includes a business importing into the EU, exporting from it, or putting products on the bloc’s market.
The EU rules are expected to become stricter over time.
Sen. Brian Schatz, a Hawaii Democrat who is spearheading the effort, said the U.S. needs to follow the EU in enacting deforestation regulations on trade.
Persons:
haven’t, “, Starling, —, Kellogg, ” Frans Timmermans, Guillaume Croisant, Sen, Brian Schatz, ”, Dieter Holger
Organizations:
European Union, EU, Global, Starbucks, Kellogg, Labs, Airbus, Companies, World Resources Institute, Consumer Goods, New, World Wildlife Fund, Cargill, Bunge, Sustainable Business, Barclays, Hawaii Democrat, dieter.holger
Locations:
European, Brazil, Indonesia, Malaysia, New York, Brussels, Linklaters, U.S, Hawaii, Europe