EU environmental initiatives will affect Ukrainian soybean producers in the coming seasons

Published Mar 2, 2024

Tridge summary

The European Union has mandated sustainability reporting for soybean producers, with a focus on reducing CO2 emissions, as part of its Green Deal legislation and the Directive on Corporate Sustainability Reporting (CSRD). The 'Danube Soy' Association is promoting the adoption of climate-friendly technologies among Ukrainian producers and has launched the 'Protein Partnership' program to certify soy and its products against EU sustainability standards. This initiative has covered over 1 million tons of non-GM soybeans in Ukraine in the past two years, reinforcing its leading position in Europe.
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Original content

This is reported by the "Danube Soy" Association. "The EU, the main market for domestic soybeans, has introduced mandatory reporting on sustainability, including targets for reducing CO2 emissions by suppliers and, therefore, soybean producers," said Volodymyr Pugachev, executive director of the Danube Soy Association in Eastern Europe. V. Pugachev added that we are talking about CSRD - the Directive on Corporate Sustainability Reporting (Directive (EU) 2022/2464), which entered into force on January 5, 2023 and is part of the Green Deal legislation. "It is important for Ukrainian producers to apply climate-oriented technologies in production right now, because the focus of the market will shift from raw materials to soybeans with a face - traced from farm to fork and with a reduced carbon footprint," V. Pugachev emphasized. The executive director added that the "Danube Soy" Association implements the "Protein Partnership" program in Ukraine, which allows Ukrainian agricultural ...
Source: Agravery
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