# Business and Human Rights: Developments and What to Watch For | Covington & Burling LLP

> A law firm alert reviews upcoming human rights and due diligence rules, including the EU Corporate Sustainability Due Diligence Directive. The directive is likely to be adopted by the end of 2023, with a two-year transposition period for member states.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/37357-business-and-human-rights-developments-and-what-to-watch-for-covington-and
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Broader due diligence obligations add compliance burdens for agricultural supply chains, but timelines are long and direct price effects are minimal near term.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-31 | [Critical Moment for the EU Anti-Deforestation Law \| Human Rights Watch](https://feedsoft.ai/events/26536-critical-moment-for-the-eu-anti-deforestation-law-human-rights-watch.md) | +1.6% | -3.1% |
| SOY | 2022-02-21 | [EU: Member states call for delay of EU anti-deforestation law - Business and Human Rights Centre](https://feedsoft.ai/events/42740-eu-member-states-call-for-delay-of-eu-anti-deforestation-law-business-and-human.md) | +2.7% | +5.6% |
| SOY | 2022-01-27 | [EU: To End Deforestation, Protect Land Rights \| Human Rights Watch](https://feedsoft.ai/events/43169-eu-to-end-deforestation-protect-land-rights-human-rights-watch.md) | +7.3% | +15.4% |
| SOY | 2021-03-10 | [Certification schemes let forest destruction into EU market - Business and Human Rights Centre](https://feedsoft.ai/events/48154-certification-schemes-let-forest-destruction-into-eu-market-business-and-human.md) | -1.2% | -2.3% |
| SOY | 2023-05-16 | [EU Approves Law for ‘Deforestation-Free’ Trade \| Human Rights Watch](https://feedsoft.ai/events/35971-eu-approves-law-for-deforestation-free-trade-human-rights-watch.md) | -4.2% | -0.1% |
| SBM | 2024-11-08 | [EU: Don’t Weaken the Anti-Deforestation Law \| Human Rights Watch](https://feedsoft.ai/events/27452-eu-don-t-weaken-the-anti-deforestation-law-human-rights-watch.md) | -3.2% | -5.3% |
| SBM | 2021-05-17 | [Letter to European Commission on Land Rights in FERCs Regulation Proposal \| Human Rights Watch](https://feedsoft.ai/events/47103-letter-to-european-commission-on-land-rights-in-fercs-regulation-proposal-human.md) | -5.5% | -9.5% |
| SBM | 2021-06-04 | [Global market developments of PAPs and Vitamin E50 - Food & Agribusiness](https://feedsoft.ai/events/46918-global-market-developments-of-paps-and-vitamin-e50-food-and-agribusiness.md) | -2.2% | -2.7% |

## Sources

- cov.com: https://www.cov.com/en/news-and-insights/insights/2023/02/business-and-human-rights-developments-and-what-to-watch-for

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