# Why EU action to tackle deforestation should not let finance off the hook | Global Witness

> Global Witness says EU financial institutions were among the main funders of six agribusiness companies linked to forest destruction, with about €7 billion lent between 2013 and 2019. It calls for mandatory due diligence covering both supply chains and investments. The EU's consumption accounts for about 10% of global deforestation-linked crop and livestock production.

- Date: 2020-02-03 · published 2020-02-03T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/54637-why-eu-action-to-tackle-deforestation-should-not-let-finance-off-the-hook
- 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

Pressure on banks and traders to exclude deforestation-linked agribusiness could raise financing costs for commodity exporters in Brazil and Southeast Asia. Any resulting rules would take time to affect feed supply.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-30 | [Why you should support a new European law to combat global deforestation - Fern](https://feedsoft.ai/events/61117-why-you-should-support-a-new-european-law-to-combat-global-deforestation-fern.md) | +0.1% | -1.7% |
| SOY | 2025-09-18 | [EUDR: the EU's move to limit global deforestation](https://feedsoft.ai/events/22882-eudr-the-eu-s-move-to-limit-global-deforestation.md) | -3.3% | -3.6% |
| SOY | 2023-01-04 | [The EU’s Game-Changing Law to Fight Global Deforestation \| Earth.Org](https://feedsoft.ai/events/37817-the-eu-s-game-changing-law-to-fight-global-deforestation-earth-org.md) | +1.5% | +2.2% |
| SOY | 2021-05-06 | [EU must show ambitious action in proposed new law to tackle the bloc’s deforestation footprint - EIA](https://feedsoft.ai/events/47102-eu-must-show-ambitious-action-in-proposed-new-law-to-tackle-the-bloc-s.md) | +5.0% | -2.1% |
| SOY | 2020-11-10 | [The European Parliament takes a bold stance on legislation to tackle imported deforestation - Fern](https://feedsoft.ai/events/50183-the-european-parliament-takes-a-bold-stance-on-legislation-to-tackle-imported.md) | +4.4% | +3.7% |
| SBM | 2023-09-01 | [Global impact of the EU’s anti-deforestation law](https://feedsoft.ai/events/34617-global-impact-of-the-eu-s-anti-deforestation-law.md) | -3.5% | -5.8% |
| SBM | 2025-09-18 | [EUDR: the EU's move to limit global deforestation](https://feedsoft.ai/events/22882-eudr-the-eu-s-move-to-limit-global-deforestation.md) | -3.8% | -2.8% |
| SBM | 2023-08-22 | [EU Adopts New Regulation To Reduce Global Deforestation](https://feedsoft.ai/events/34614-eu-adopts-new-regulation-to-reduce-global-deforestation.md) | +3.5% | -4.2% |

## Sources

- globalwitness.org: https://globalwitness.org/en/campaigns/corporate-accountability/why-eu-action-to-tackle-deforestation-should-not-let-finance-off-the-hook/

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