Action against deforestation costs 12% of $53 bln risks, estimate global businesses including halal majors JBS, Nestlé
Global companies using or producing commodities such as cattle and palm oil estimate the cost of action against deforestation at just 12% of the financial risks from it.
In a report released earlier this month, climate-disclosure platform CDP assessed disclosed data from 553 companies on how they are managing deforestation.
206 companies put the cost of action against deforestation at $6.6 billion. This is only 12.4% of the $53.1 billion that 151 of them estimated they could be hit with if no action was taken.
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