365Telugu.com online news,Hyderabad, July 18, 2024: Hangal Coffee Exporters, a leading coffee exporter in India, today announced the adoption of the EU Deforestation Regulation (EUDR)-compliant solution, powered by TRST01’s sustainable supply chain solution TRST01Chain®, becoming the first company in India to achieve this milestone in the coffee industry.
Hangal Coffee Exporters’ implementation of the EUDR-compliant TRST01Chain® underscores its commitment to adhering to global standards while enhancing sustainability across the company’s supply chain. This initiative not only strengthens the company’s commitment to sustainable practices but also sets a benchmark for the coffee industry in India.
TRST01 has implemented similar sustainability compliance solutions using cutting-edge technology in 18 global rubber, coffee and cocoa companies, including Apollo Tyres and CEAT in India, Golden Rubber in Ivory Coast, Tower Commodities and Gadjah Ruku in Indonesia and Seng Hin in Malaysia. The latest implementation of EUDR-compliant solutions reaffirms TRST01’s leadership position in the sustainability industry.
Expressing his enthusiasm over the achievement, Anil Sitaraman, Executive Director, Hangal Coffee, said, “We are thrilled to partner with TRST01 to implement this groundbreaking solution. TRST01Chain® not only aligns with our values of sustainability but also ensures transparency and traceability in our operations.”
Commenting on the milestone, Prabir Mishra, CEO, TRST01, said, “We congratulate Hangal Coffee Exporters for their proactive approach towards EUDR compliance. The dedication of company’s leadership in adopting EUDR-compliant solution highlights the transformative potential of data-driven technologies in promoting sustainable supply chains.”
The EU Deforestation Regulation (EUDR) is a landmark legislation aimed at curbing the import of certain designated commodities from deforested areas. It mandates that companies exporting commodities like Coffee, Cocoa, Rubber, Oil palm, Soy, Timer and Cattle, along with their derived products, in the European Union markets, must conduct thorough deforestation analysis, detailed risk assessment and risk mitigation to ensure these goods are not sourced from deforested areas since December 31, 2020.
The EUDR emphasizes the importance of complying with laws related to environmental and social aspects with sustainability principles embedded in them. It is mandatory for all specific commodities, in any form, to comply with these regulations when imported to Europe starting from January 1, 2025.
Renowned for its data-driven sustainability impact, TRST01Chain®, empowers organizations to achieve compliance seamlessly while driving meaningful environmental outcomes. This collaboration marks a significant step towards fostering a sustainable future for the global coffee market.
As per the industry estimates, India’s coffee exports to the European Union (EU) make up almost 57% of its total coffee exports. The EUDR regulation has created an urgent need for these industries to adapt and innovate while ensuring sustainable production practices.
It is worth noting that India exports 57% of coffee, worth over $600 million (INR 5000 Crores) annually. Indian coffee production is 70 per cent robusta beans and 30 per cent arabica beans.
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