Global forests report 2023: the forest transition - from risk to resilience
CDP’s new analysis of corporate disclosure on forest-related risks has been published, revealing that more than 1,000 companies are now disclosing relevant data. More than 60% of companies have disclosed what types of risks deforestation poses to their business, ranging from shifts in consumer preference or increased severity of extreme weather. However, less than 10% have public commitments in place to end deforestation by 2025 and just 10 companies have deforestation targets that also focus on improving social conditions. In total, just 269 companies estimated that the potential financial impact on corporates as a result of inaction on deforestation was almost $80bn, while the cost of responding to all risks reached just $5.9bn.