22 Nov '17, 10am

Deforestation Puts Almost $1 Trillion in Assets at Risks Worldwide

Deforestation Puts Almost $1 Trillion in Assets at Risks Worldwide

According to CDP , the risks from unchecked deforestation are mounting worldwide. In a report issued yesterday, the NGO said that impacts from energy consumption, and resulting carbon emissions, are not the only reason why companies should be worried about how climate change could affect their portfolios. In addition, the role that forests play in helping to mitigate climate change should also be on the radar of companies – especially those that have supply chains reliant on commodities like soy, timber, palm oil and cattle products. Deforestation, says CDP, is leaving as much as $941 billion in assets worldwide at risk as they are linked to commodities tied to deforestation. According to the CDP survey, 87 percent of the companies said deforestation put their business portfolio at risk, and almost one-third replied that they were already experiencing impacts from those ri...

Full article: https://www.triplepundit.com/2017/11/deforestation-1-tril...

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