KONTAN.CO.ID - SINGAPORE. Forest-related risks could cost companies that trade in or use Indonesian palm oil as much as $10 billion this year, according to a study of more than 100 firms published by a global environmental group. The non-profit CDP said it surveyed 125 firms that are producing, sourcing or using Indonesian palm oil, and respondents collectively reported as much as $10 billion in potential financial impacts from reputational and market risks. Indonesia is the world's largest producer of palm oil, a versatile edible oil found consumer goods from food to cosmetics. It is also home to the biggest forests outside of the Amazon and Congo.
Indonesia palm oil deforestation exposing firms to $10 bln of risks - study
KONTAN.CO.ID - SINGAPORE. Forest-related risks could cost companies that trade in or use Indonesian palm oil as much as $10 billion this year, according to a study of more than 100 firms published by a global environmental group. The non-profit CDP said it surveyed 125 firms that are producing, sourcing or using Indonesian palm oil, and respondents collectively reported as much as $10 billion in potential financial impacts from reputational and market risks. Indonesia is the world's largest producer of palm oil, a versatile edible oil found consumer goods from food to cosmetics. It is also home to the biggest forests outside of the Amazon and Congo.