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Koltiva unveils EUDR tools to fulfill EU deforestation regulatory compliance

Koltiva reveals the EUDR compliance requirement already impacts over 50,000 businesses that import or process critical commodities like palm oil, cocoa, coffee, rubber, wood, soy, cattle, and related products.

Syifa by Syifa
May 8, 2024
in Feature News, Industry, News
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Koltiva

image by Koltiva's team

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Heaptalk, Jakarta —  Indonesia’s farming and supply chain traceability startup, Koltiva, launches its EUDR Solutions to help businesses struggling to meet the stringent requirements of the European Union’s deforestation regulation. These solutions ensure that products are free from deforestation impacts and comply with local laws, providing businesses with the peace of mind they need.

Koltiva’s new solutions empower businesses with a comprehensive approach to due diligence. This involves detailed data collection on product origins, risk assessment considering the forest presence and country risk levels, and rigorous risk mitigation measures such as audits and supplier support.

Moreover, the EUDR regulation mandates that businesses maintain documentation related to their due diligence processes for five years and report publicly on their compliance annually, giving businesses the tools they need to navigate these requirements confidently.

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In response to regulatory pressure, Koltiva expanded its solutions to assist businesses through a modular approach following its KoltiTrace MIS (Management Information System), as the robust producer mapping and traceability platform offers a scalable solution for independent suppliers to meet the forthcoming EUDR regulations.

Also, Koltiva’s extension services, KoltiSkills, provide solutions for processors and manufacturers needing more field staff or third-party assistance. These services include sustainable supply chain mapping, transactional traceability support, and risk mitigation services in the field.

Besides, data verification is the latest addition to the startup’s modular approach to EUDR solutions. This service enables manufacturers to independently verify their supply chain data for suppliers using another platform, or KoltiTrace, for supply chain mapping without utilizing KoltiSkills services. Data is evaluated based on completeness, quality, and EUDR compliance.

The CEO and Co-Founder of Koltiva, Manfred Borer, emphasized, “We view that the EUDR is more than a regulation; it is a mission, a key element of the European Green Deal, driving climate neutrality by 2050. By adhering to the regulation, businesses ensure their compliance and contribute significantly to the global fight against deforestation, a major factor in climate change and biodiversity loss. With the deadline approaching in less than a year, we reaffirm our commitment to assisting businesses achieve compliance.”

The EUDR compliance requirement already impacts over 50,000 businesses that import or process critical commodities like palm oil, cocoa, coffee, rubber, wood, soy, cattle, and related products. Koltiva’s comprehensive approach includes supply chain mapping, risk assessment, granular due diligence reporting, and other forms of support to ensure that businesses can meet these new regulatory challenges.

Through its tech and service offerings, Koltiva expects to enhance regulatory compliance and bolster sustainable practices across global supply chains, contributing to a broader environmental and social development agenda.

Based in Indonesia, Koltiva has expanded its business reach globally. The team works with producers in 52 countries; almost half of these smallholders are in Indonesia. The rest are spread across Brazil, China, and the Ivory Coast. This startup has over 1 million producers from 6,800 businesses, indicating a significant need for innovative food supply chain tracing and climate tech offerings.

Last year, Koltiva snagged undisclosed Series A funding led by AC Ventures. Multiple investors join the round, spanning Silverstrand Capital, Planet Rise, Development Finance Asia, Blue 7, and The Meloy Fund as existing investors.

Tags: EUDR SolutionsKoltiva

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