LiveEO stands behind its deforestation-free classifications with a financial commitment, backed by Munich Re.
LiveEO today announced the TradeAware Performance Guarantee, developed in collaboration with Munich Re’s aiSureTM. If TradeAware’s Precision Analytics classifies a plot as deforestation-free, and an authority audit finds the plot was deforested and imposes a fine or confiscates products or revenues as a result, LiveEO compensates the customer for eligible financial losses as a result of such misclassification and penalty, up to a defined limit. The performance guarantee is provided by LiveEO and insurance backed by aiSureTM. Please be aware that indemnification will not be paid where it would violate any applicable law.
The EU Deforestation Regulation (EUDR) applies from 30 December 2026 for large and medium-sized companies. Companies that place cattle, cocoa, coffee, palm oil, rubber, soy, timber or products made from them on the EU market must prove these were not produced on land deforested after 31 December 2020, and must provide geolocation data for every plot of production. Penalties under the EUDR include fines of at least 4% of a company’s annual EU turnover and the confiscation of products and revenues.
TradeAware by LiveEO is an EUDR compliance platform with more than 4,000 registered companies. It collects supplier and plot data, checks every plot for deforestation using satellite imagery and LiveEO Precision Analytics. Every score adds risk and legality assessment linked to its underlying evidence, giving compliance teams audit-ready due diligence.
“Sustainability, compliance and procurement leaders are being asked to put their company’s reputation, and up to 4% of EU turnover, behind the data in every due diligence statement,” said Piero Marlia, Director of Global Partnerships and Business Development at LiveEO. “We are confident in what our technology delivers, and the TradeAware Performance Guarantee puts that confidence in writing. It gives our customers a clear reason to rely on technology for EUDR compliance.”
The TradeAware Performance Guarantee is included in TradeAware packages with Precision Analytics. Terms and conditions apply. To see TradeAware in action, book a demo.
For more information about Munich Re’s aiSureTM product visit munichre.com/insure-ai.
