A United Nations-backed report released Monday says coal-fired power generation in Asia and cattle ranching in South America are the most damaging businesses for the environment, with hidden costs of those activities that exceed the value of their production.

The report, “Natural Capital at Risk – The Top 100 Externalities of Business,” says global output of basic goods – from cement and steel processing to agriculture, forestry, fisheries, mining and oil and gas exploration – caused damage totaling $7.3 trillion a year if pollution, water, greenhouse gases and waste were priced to reflect long-term impacts. The study was conducted by a business coalition for the Economics of Ecosystems and Biodiversity (TEEB). The coalition’s backers include the United Nations, World Bank, businesses and conservation groups.