# Report of the European Parliament's Committee on the Environment, Public Health and Food Safety - Business and Human Rights Centre

> The European Parliament committee report, dated 7 October 2020, recommends an EU legal framework based on mandatory due diligence, reporting and penalties for companies placing forest-risk commodities on the market. It also says about 80% of global deforestation stems from agricultural land expansion.

- Date: 2020-10-22 · published 2020-10-22T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/50658-report-of-the-european-parliament-s-committee-on-the-environment-public-health
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Mandatory due diligence for agricultural commodities could raise import costs and favour certified, traceable supply of soy and palm oil. Price effects remain speculative until legislation is proposed.

## 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 | 2020-07-02 | [Stepping up EU action to protect and restore the world's forests \| European Committee of the Regions](https://feedsoft.ai/events/52140-stepping-up-eu-action-to-protect-and-restore-the-world-s-forests-european.md) | +0.5% | -0.2% |
| 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 | 2020-07-20 | [REPORT with recommendations to the Commission on an EU legal framework to halt and reverse EU-driven global deforestation \| A9-0179/2020 \| European Parliament](https://feedsoft.ai/events/52139-report-with-recommendations-to-the-commission-on-an-eu-legal-framework-to-halt.md) | +0.8% | +0.6% |
| SOY | 2026-08-12 | [EU Deforestation Regulation: European Commission provides further clarity for businesses ahead of its entry into force at the end of 2026](https://feedsoft.ai/events/17930-eu-deforestation-regulation-european-commission-provides-further-clarity-for.md) | +4.6% | +12.9% |
| 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 | 2020-07-02 | [Stepping up EU action to protect and restore the world's forests \| European Committee of the Regions](https://feedsoft.ai/events/52140-stepping-up-eu-action-to-protect-and-restore-the-world-s-forests-european.md) | +3.0% | +9.6% |
| PALMOIL | 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) | +2.5% | -1.8% |

## Sources

- business-humanrights.org: https://www.business-humanrights.org/en/latest-news/report-of-the-european-parliaments-committee-on-the-environment-public-health-and-food-safety/

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