This report discusses eco-labeling and the rise in interest of environmental product declarations (EPDs). EPDs are ISO Type III labels conveying non-judgemental life cycle assessment (LCA)-based environmental performance data about products. These documents work in principle like nutrition labels on food packages, transparently disclosing standardized data about the contents and enabling side-by-side comparison between products. EPDs are a user-friendly vehicle for bringing LCA data to the marketplace. In Europe and Asia, EPD development is on the rise, and some jurisdictions are moving towards making EPDs mandatory; this may have trade implications for Canadian exporters. Meanwhile, North America has been slow to follow this trend, although there is movement in the US towards development of standards. It is in the best interests of the wood products industry to accelerate North American activity in EPDs and position itself as a leader in industrial sustainability by developing EPDs early. Over two decades of work in LCA by the wood industry has already indicated that environmental metrics for wood products are generally better than those for competing products. In this report, EPDs are explained in terms of applications, benefits, risks and market drivers. We discuss how EPDs are created and identify global activity in EPD development and creation of national infrastructures. We address trade implications, assess Canada’s readiness, and provide recommendations for moving more quickly to bring the potential benefit of EPDs to the Canadian wood products sector.