Given that less than half of companies disclosed financial information, this is likely to be an underestimate of the true potential impact. The associated business risks of deforestation are significant, totalling more than US$10 billion.
Most companies (78%) identified at least one forest-related risk that has the potential to have a substantial financial or strategic impact to their business. The webinar was held in partnership with Lingkar Temu Kabupaten Lestari (Sustainable Regency Platform/ LTKL) and highlighted the importance for companies to work in lockstep with regency governments towards shared sustainability goals. “Raising ambition towards sustainable palm oil in Indonesia” is the third instalment of CDP’s analysis of forests-related commitments and actions, based on self-reported data from 125 companies that produce, source, or use palm oil from Indonesia, out of the 687 companies that responded to CDP’s Forests questionnaire in 2020.ĬDP unveiled its findings at the “Achieving a resilient and sustainable palm oil supply chain through private – public collaboration for sustainable development in Indonesia” webinar today. To mitigate these risks and access the financial opportunities that deforestation-free value chains offer, companies need to pair clear target-setting with collaborative implementation on the ground. Jakarta, 25th November 2020 – New research from global environmental non-profit CDP finds that companies linked to the Indonesian palm oil supply chain estimate forest-related risks to potentially cost a total of US$10 billion in 2020.
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