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Global Business Seen Facing $53 Billion Hit From Deforestation

  • Cost of addressing forest loss is $6.6 billion, CDP says
  • CDP surveyed 553 firms in key agriculture commodities
Indonesia's Deforestation Rate Becomes Highest In The World

Photographer: Ulet Ifansasti/Getty Images 

Global businesses sourcing commodities such as cattle, soybeans or rubber stand to lose some $53 billion due to deforestation unless they take action.

In a survey of more than 500 global businesses, climate-disclosure platform CDP identified risks such as extreme weather, changes in consumer preferences, as well as market and reputational impacts from commodity-related forest loss. It would cost $6.6 billion in the coming years to address those risks, the London-based nonprofit said in a report Monday.