Science Based Targets Network (SBTN)

?? Breaking new ground in corporate sustainability! Today at #COP16Colombia, we announce that the first-ever science-based targets for both freshwater and land have been adopted by trailblazing companies. ?? ??? The first-ever science-based targets for both freshwater and land have been adopted by global luxury group Kering. ?? Global biopharma company GSK and building materials company Holcim have adopted the first science-based targets for freshwater. The announcement comes following the conclusion of our year-long corporate pilot program, with the majority of participating companies receiving validation for some or all targets. This positive milestone comes as world and business leaders gather at COP16 in Colombia, where urgent action to preserve biodiversity and stop the destruction of nature have been at the heart of negotiations. ?? SBTN’s Executive Director Erin Billman said: “Our corporate pilot has shown that science-based targets for nature are both feasible and valuable, closing a critical gap in corporate sustainability. We’re pleased to see Kering, GSK and Holcim lead the way by publicly adopting the world’s first science-based targets beyond climate; demonstrating that a clear and credible pathway for ambitious action for nature is possible. The time for companies to act is now — responsibly, urgently, and with the ambition that matches the scale of the challenge.” Science-based targets for nature are a key mechanism for companies to deliver on the Global Biodiversity Framework. Aiming directly at the drivers and pressures of nature loss, science-based targets for nature will tell a company if they are taking enough of the right actions, in the right places, at the right time in order to do their part to reverse and halt nature loss by 2030. These much needed targets on nature build on and complement existing corporate targets on climate. ???? This is just the beginning. We are pleased to see these trailblazing companies leading the way, and we look forward to seeing more companies follow suit in the months ahead. ?? ?? Read more: https://lnkd.in/eTMakv4e ?? Explore the companies' targets in our new Target Tracker: https://lnkd.in/eepJiVtA #SBTN #ScienceBasedTargets #ForNature #CorporateSustainability #NaturePositive #COP16 #KMGBF

"As we approach the close of another eventful year, global momentum for nature faces undeniable headwinds. COP16 underscored the gap between ambition and action, with most governments yet to outline concrete plans to meet their targets, and critical issues like financing remaining unresolved. Similarly at COP29 - the climate COP - governments are faltering in advancing the actions needed to stay within the 1.5C warming limit. "These challenges erode the bold commitments and clear signals necessary to tackle pressing global dynamics, including the incoming U.S. government and ongoing geopolitical tensions. [..] As we prepare to engage at the upcoming UNCCD COP16 and Davos, our resolve remains steadfast: turning ambition into sufficient action for a nature positive future." - Read more from Erin Billman, Executive Director, the SBTN in our latest monthly newsletter ???

"Applying the #SBTN methodology has enabled us to confirm that our biodiversity strategy is heading in the right direction." Carrefour Group, which is one of the SBTN pilot companies. Read their full case study and explore more insights from companies piloting the first #ScienceBasedTargets #ForNature. ?? The SBTN methodology helped Carrefour understand how far it has to go to ensure the business does not exceed planetary boundaries. This has helped accelerate the food retailer’s understanding of its supply chain, and underscored the vital importance of traceability in understanding impact, defining targets, and identifying actions. ?? Carrefour also found that science-based targets for nature prepared them well for meeting the requirements of the #CSRD because of the thoroughness of the methods. ? Find out what the company actually did and how. ?? Discover their findings and challenges. ?? Learn about the benefits of the process - and the next steps they are going to take for ambitious science-based nature action. ?? Read Carrefour's case study: https://lnkd.in/e6yYw5bs ?? Find all the new case studies from pilot companies that submitted #SciencBasedTargets #ForNature as well as our full pilot summary report: https://lnkd.in/eQ-H9ndV

???? “Our corporate pilot program shows science-based targets for nature are both feasible and valuable." - Erin Billman. SBTN’s corporate pilot led to a credible model for #NaturePositive targets, with 60% of participants receiving target validation reports ESG News.?? ESG News reports that Kering, GSK and Holcim have publicly adopt the world’s first #ScienceBasedTargets #forNature, focusing on freshwater and land following our year-long corporate pilot, which demonstrated a practical way for companies to "drive measurable, nature-positive action". Erin Billman, Executive Director, SBTN said of the announcement: “Our corporate pilot program has shown that science-based targets for nature are both feasible and valuable. We’re pleased to see companies like Holcim leading the way by publicly adopting the world’s first science-based targets beyond climate; demonstrating that a clear and credible pathway for ambitious action for nature is possible. "The time for companies to act is now — responsibly, urgently, and with the ambition that matches the scale of the challenge.” ?? Read more in ESG News: https://lnkd.in/dwiG52BE

We welcome Compliance Kart to our Corporate Engagement Program! Compliance Kart delivers advisory and consulting services focused on sustainability and is based in India Find out more about joining the program?? https://lnkd.in/dxNpKH5

“Through the collaboration of the Earth Commission with the Science Based Targets Network (SBTN) is the importance of designing frameworks that are operational, that can be used to effect change in the world.” Dr Steven Lade talks about the collaborative nature at the heart of the Earth Commission’s work to make? #SafeAndJust Earth System Boundaries useful for real-world application. Watch the video below:

?? Is Your Organization #Nature and #Climate Ready? ?? Our latest resource developed with Climate Governance Initiative and AccountAbility, the Board Pocket Guide: Nature and Climate Action, provides a comprehensive framework to help leaders of organizations build resilience and accountability in the face of climate and nature challenges. Here’s a snapshot of the high impact resource, frameworks and methodologies that, when used together, are a complete toolkit for businesses on nature and climate. ?? CAMPAIGNS ?? Nature: Nature Positive for Climate Action Call to Action #NP4CA links and elevates existing voluntary climate commitments, to nature positive action. ?? Climate: The Race to Zero #RacetoZero: a global campaign launched in 2020 to encourage non-state actors to take rigorous and immediate action to halve global emissions by 2030. Both led by the High-Level Climate Champions ?? FRAMEWORKS ?? Nature: ACT-D High Level Business Actions on Nature Framework from Capitals Coalition and other partners is a holistic framework that provides high-level steps for businesses to take for action on nature. The Nature Strategy Handbook, developed by Business for Nature, supports all businesses to develop a nature strategy that will enable them to make a meaningful contribution towards a nature-positive world. ? ??Climate: The High-Level Expert Group (HLEG) on the Net Zero Emissions Commitments of Non-State Entities provides a roadmap to define and achieve net zero targets that is based on existing standard setting frameworks for net zero pledges. The Transition Plan Taskforce Board Guide from Chapter Zero give non-executive directors (NEDs) an understanding of transition planning and to equip NEDs to guide the development and delivery of credible transition plans. ?? TARGET SETTING ?? Nature: Science Based Targets Network (SBTN) provides a 5-step science-based target-setting framework for nature and recently announced the first set of validated companies. ??Climate: The Science Based Targets initiative (SBTi) drives ambitious corporate climate action by enabling organisations in the private sector to set science-based greenhouse gas emissions reduction targets. ?? ASSESSMENT AND DISCLOSURE Covering the International Sustainability Standards Board (ISSB), Global Reporting Initiative (GRI), Taskforce on Nature-related Financial Disclosures (TNFD) and the Natural Capital Protocol. An integrated approach ensures that businesses remain agile, transparent, and accountable, while also being capable of delivering positive environmental and social outcomes alongside financial performance. Ready to lead your organization toward a sustainable future? Download the full report to access actionable insights and tools for integrating nature and climate considerations into your corporate strategy. ??https://lnkd.in/ePS4s8fz #ClimateAction #NaturePositive #CorporateAccountability #Sustainability #NetZero #ESG #Leadership

? SBTN framework is now ‘sufficiently mature’ to guide corporate nature targets, reports WWF. "The time for hesitation has passed and there is no longer any excuse for inaction." Read more. ?? In a new report which includes recommendations to assess the credibility of corporate nature targets in the EU, WWF analyzes the #SBTN’s alignment with obligations under the Corporate Sustainability Reporting Directive (CSRD) – and concludes that the initiative’s guidance “can greatly facilitate the implementation of nature targets and their related reporting requirements by CSRD”. “Companies must take immediate and decisive action to set comprehensive nature targets, as the methodologies and frameworks are now sufficiently mature to guide this process. The time for hesitation has passed and there is no longer any excuse for inaction. This report examines how companies, auditors, and supervisors must ensure the credibility of nature objectives as the cornerstone of a robust transition plan,” said Antoine Pugliese, Head of Sustainable Finance at WWF-France. The report concludes that the SBTN currently represents "the gold standard in target setting methodology and provides a solid basis for complying with all CSRD and related ESRS requirements related to nature target reporting, sometimes going beyond these regulatory expectations.” ?? ?? Read more: https://lnkd.in/e-5z47YM

?? We're hiring! We are looking for a Sustainability Action Lead. Apply by November 30. ?? ??Location:?Global, remote position; timezone compatible with GMT-5 ?? Annual Compensation:?$85,000 ??? Term:?1-year fixed term contract, possibility of extension ? Deadline to apply: November 30, 2024 The SBTN is seeking a quantitative scientist with expertise in ecology/environmental science and sustainability to lead research and development on actions aimed at the guidance on actions or responses for companies to achieve their science-based targets for nature, consistent with the mitigation hierarchy. Reporting to the SBTN Technical Director, the Sustainability Action Lead will serve as a lead author on the Step 4 guidance as well as leading additional research and tool development. In this role they will collaborate with SBTN’s network hub, partner organizations, and issue hub experts. As a cross-cutting piece of work, this role requires effective collaboration, interdisciplinary research and synthesis experience and project management experience. ?? Read more about the role: https://lnkd.in/egmJaAA7 #Hiring #SustainabilityJobs #NatureJobs #ImpactJobs #ImpactCareers

As #COP29 commences this week, policymakers must unlock finance for #Nature. ???? Last month, more than 3,000 companies and investors represented at the #Biodiversity talks at #COP16Colombia, triple the number that attended Montreal in 2022. In a recent article for Reuters, Angeli Mehta PhD explores that whilst there were some wins at COP16, there's still progress to be made. With input from various individuals including our CEO Eva Zabey, the article highlights that: ?? Whilst over 150 companies are preparing to set science-based targets for nature with Science Based Targets Network (SBTN), the World Benchmarking Alliance reports that only 5% of companies have assessed the impact of their operations on nature, and fewer than 1% of companies know how much their operations depend on nature. ?? The Taskforce on Nature-related Financial Disclosures (TNFD) announced that over 500 companies and financial institutions had signed up to adopt its recommendations on reporting nature-related impacts and risks. Whilst there's still a big gap between leading companies and others, policymakers can level the playing field to make valuing nature the new normal. ?? Whilst environmentally harmful subsidies are now higher on the business agenda, judging by discussions that were held on the fringes of COP16, policy is needed to drive action. "The first thing both governments and businesses need to do is to identify and map out which subsidies they benefit from, and then we need to be very clear on what the alternatives could be, so that it's not just turning off the tap." - Eva Zabey, CEO, Business for Nature ?? Read more: https://ow.ly/5GMn50U5ZBB