# Certification schemes let forest destruction into EU market - Business and Human Rights Centre

> Greenpeace International's report 'Destruction: Certified' found that certification schemes for palm oil, wood and soy for animal feed have failed to prevent ecosystem destruction and human rights abuses. Three of the schemes are approved by the European Commission under the Renewable Energy Directive. The Commission is expected to publish a draft deforestation law before summer.

- Date: 2021-03-10 · published 2021-03-10T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/48154-certification-schemes-let-forest-destruction-into-eu-market-business-and-human
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Pressure on certification schemes could push the EU toward mandatory due diligence, which may restrict certified soy and palm supplies or add premiums. The effect on feed prices is indirect and depends on the final law.

## Read by commodity

- SOY: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-12-08 | [The European Commission’s new proposed deforestation regulation - what does it mean for indigenous peoples and forest communities? - Business and Human Rights Centre](https://feedsoft.ai/events/43614-the-european-commission-s-new-proposed-deforestation-regulation-what-does-it.md) | +0.7% | +10.7% |
| 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 | 2021-09-15 | [Leaked EU anti-deforestation law contains loopholes, incl. omission of fragile ecosystems, and environmentally impactful products like maize & rubber, say campaigners - Business and Human Rights Centre](https://feedsoft.ai/events/45105-leaked-eu-anti-deforestation-law-contains-loopholes-incl-omission-of-fragile.md) | -0.2% | -6.1% |
| 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 | 2020-10-22 | [Report of the European Parliament's Committee on the Environment, Public Health and Food Safety - Business and Human Rights Centre](https://feedsoft.ai/events/50658-report-of-the-european-parliament-s-committee-on-the-environment-public-health.md) | -1.4% | +9.7% |
| PALMOIL | 2021-12-08 | [The European Commission’s new proposed deforestation regulation - what does it mean for indigenous peoples and forest communities? - Business and Human Rights Centre](https://feedsoft.ai/events/43614-the-european-commission-s-new-proposed-deforestation-regulation-what-does-it.md) | -3.7% | +3.9% |
| PALMOIL | 2018-05-09 | [Is certification enough to protect Southeast Asia's forests?  \| News \| Eco-Business \| Asia Pacific](https://feedsoft.ai/events/65044-is-certification-enough-to-protect-southeast-asia-s-forests-news-eco-business.md) | +1.5% | +0.2% |
| 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% |

## Sources

- business-humanrights.org: https://www.business-humanrights.org/en/latest-news/certification-schemes-let-forest-destruction-into-eu-market/

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