What are the penalties for non-compliance with CBAM?

Failure to comply with CBAM regulations can result in substantial consequences. Financial penalties are imposed for inaccuracies or omissions in emissions reporting or for failing to surrender the required CBAM certificates. Additionally, non-compliant companies may face trading restrictions, impacting their ability to import goods into the EU market. Such breaches can also attract heightened regulatory scrutiny, potentially damaging a company's reputation. To mitigate these risks, sustamize provides robust compliance solutions, including accurate emissions data reporting and comprehensive support throughout the compliance process.