“Many firms asked to report by CDP source commodities that drive deforestation, such as palm oil for food products, leather for clothing and accessories, paper for pizza boxes and timber for furniture. Yet just 306 companies of the 1,500 contacted reported back to CDP in 2018, a 30 percent disclosure rate which lags well behind disclosure rates on other environmental issues such as water security and climate change that are also monitored by CDP. . . .
“According to WWF, the Earth loses 18.7 million acres of forests per year — equal to 27 soccer fields every minute. As well as providing habitats for countless endangered plants and animals, forests play a crucial role in the fight against climate change by acting as carbon sinks soaking up greenhouse gas emissions from the atmosphere.”
FULL STORY published July 22, 2019 via GreenBiz.com