Real Estate Slated for Eleventh Headline Sector in GICSÂ® - Stock exchange-listed equity REITs and other listed real estate companies will be reclassified from the Financials Sector and elevated to an 11th headline Real Estate Sector of the Global Industry Classification Standard (GICS).
Forests are also cut as a result of growing urban sprawl. Not all deforestation is intentional. Some is caused by a combination of human and natural factors like wildfires and subsequent overgrazing, which may prevent the growth of young trees.Deforestation has many negative effects on the environment. The most dramatic impact is a loss of habitat for millions of species.Seventy percent of Earthâs land animals and plants live in forests, and many cannot survive the deforestation that destroys their homes. Deforestation also drives climate change.ot all deforestation is intentional. Some is caused by a combination of human and natural factors like wildfires and subsequent overgrazing, which may prevent the growth of young trees. Deforestation has many negative effects on the environment. The most dramatic impact is a loss of habitat for millions of species.
Deforestation is a particular concern in tropical rainforests because these forests are home to much of the worldâs biodiversity. For example, in the Amazon around 17% of the forest has been lost in the last 50 years, mostly due to forest conversion for cattle ranching.hey produce vital oxygen and provide homes for people and wildlife. Many of the worldâs most threatened and endangered animals live in forests, and 1.6 billion people rely on benefits forests offer, including food, fresh water, clothing, traditional medicine and shelter.