# The EU Due Diligence Regulation on Deforestation: What Role for Voluntary Sustainability Standards (VSS)? - UNFSS

> UNFSS examines how voluntary sustainability standards could help companies meet the EU Deforestation Regulation's due-diligence requirements. It says the EU accounts for about 10% of global deforestation, with palm oil and soy making up two-thirds of it.

- Date: 2023-09-21 · published 2023-09-21T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/34130-the-eu-due-diligence-regulation-on-deforestation-what-role-for-voluntary
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Certification may become a practical route for compliance, which could support price premiums for certified palm oil and soy over uncertified supply.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-05-23 | [What is the EU Deforestation Regulation (EUDR)? - Sustainability Online](https://feedsoft.ai/events/30266-what-is-the-eu-deforestation-regulation-eudr-sustainability-online.md) | +0.6% | +1.7% |
| PALMOIL | 2024-05-05 | [The EU Deforestation-free Regulation in a Nutshell \| Sustainability in Business](https://feedsoft.ai/events/30267-the-eu-deforestation-free-regulation-in-a-nutshell-sustainability-in-business.md) | -0.6% | +6.9% |
| PALMOIL | 2023-07-20 | [What is the EU Deforestation Regulation? - Fern](https://feedsoft.ai/events/35077-what-is-the-eu-deforestation-regulation-fern.md) | +1.6% | -2.4% |
| PALMOIL | 2024-12-04 | [The EU Deforestation Regulation: an update and what it means for companies](https://feedsoft.ai/events/26993-the-eu-deforestation-regulation-an-update-and-what-it-means-for-companies.md) | -0.7% | -14.6% |
| PALMOIL | 2023-07-11 | [Voluntary standards and addressing deforestation risk - Centre for Responsible Business](https://feedsoft.ai/events/35085-voluntary-standards-and-addressing-deforestation-risk-centre-for-responsible.md) | +1.3% | -0.5% |
| SOY | 2024-05-23 | [What is the EU Deforestation Regulation (EUDR)? - Sustainability Online](https://feedsoft.ai/events/30266-what-is-the-eu-deforestation-regulation-eudr-sustainability-online.md) | -2.9% | -6.9% |
| SOY | 2024-05-05 | [The EU Deforestation-free Regulation in a Nutshell \| Sustainability in Business](https://feedsoft.ai/events/30267-the-eu-deforestation-free-regulation-in-a-nutshell-sustainability-in-business.md) | +0.3% | -1.4% |
| SOY | 2023-07-20 | [What is the EU Deforestation Regulation? - Fern](https://feedsoft.ai/events/35077-what-is-the-eu-deforestation-regulation-fern.md) | +3.7% | -10.5% |

## Sources

- unfss.org: https://unfss.org/2023/09/21/the-eu-due-diligence-regulation-on-deforestation-what-role-for-voluntary-sustainability-standards-vss/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.