UK — The majority of leading tropical forestry companies do not disclose where their materials come from, meaning they will fail to comply with the EU’s forthcoming Regulation on Deforestation-free Products (EUDR). The Zoological Society of London’s (ZSL) latest assessment found that only 18% of the world’s largest 100 tropical forestry companies disclose the countries from which they source. Additionally, only 4% state the percentage of their supply that is traceable to the forest management unit level. The assessment additionally found that none of the companies studied have published georeferenced maps for third-party FMUs, with only 3% reporting on how much of their supply is verified deforestation-free. Without clarity around sourcing and supply, companies are unable to prove responsible sourcing to stakeholders. Given that the timber and pulp industry is worth $480bn a year, ZSL said, small traceability failures can put billions of market value at risk.