LONDON (Reuters) – Most big companies are failing to report the damage their operations are doing to forests despite committing to lighten their footprint under wider efforts to tackle climate change, according to a report published on Tuesday.
CDP, a charity which says it works with institutional investors with assets of $96 trillion, said 70% of 1,500 large companies failed to provide data on their impact on forests in response to its queries last year.
Silence - Response - Deforestation - Morgan - Gillespy
“The silence is deafening when it comes to the corporate response to deforestation,” said Morgan Gillespy, global director of forests at CDP, formerly known as the Carbon Disclosure Project.
“Consumers increasingly want to know that their shopping basket isn’t driving the destruction of the Amazon, extinction of the orangutans and the climate crisis,” she said in a statement.CDP has emerged as a leading voice in a broader push by investors seeking disclosure from companies on the risks they may face as global warming exposes them to extreme weather, supply chain collapse and a host of other forms of disruption.
Charity - Companies - Impact - Forests - Terms
Since 2014, the charity has also asked companies to report on their impact on forests in terms of timber, palm oil, cattle and soy farming, as part of a growing recognition of the role forests play...
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