The Science Primarily based Targets Network (SBTN) has released the 1st official science-primarily based targets for nature, which offer guidance for providers to take action on each climate and nature ambitions.
This new guidance aids providers assess their environmental effect and set targets to address any troubles with researched, science-primarily based approaches. But in contrast to sustainability targets primarily based only on climate ambitions, SBTN’s assistance also recognizes the connection involving climate modify and ecosystem depletion, each driven by exploitation of Earth’s all-natural sources. The science-primarily based targets have been tested by more than 115 providers in 25 nations, representing more than $four trillion in market place capitalization.
A pilot group of 17 providers, selected for their readiness and for getting provide chains identified to hugely impact nature, will set their 1st targets this year. The guidance is meant to create on companies’ pre-current sustainability procedures whilst following current requirements in location from the Science Primarily based Targets Initiative and the Taskforce on Nature-associated Economic Disclosures threat management and disclosure beta framework. The targets also include things like collaboration with Earth Commission’s worldwide group of scientists operating to define a protected and just corridor for individuals and the planet.
Reaching Net-Zero Needs Nature Preservation
SBTN recognizes that climate modify is a crucial concentrate for several companies’ sustainability ambitions, but scientific proof does not but prove that net zero is achievable without the need of nature. Preserving climate incorporates safeguarding freshwater sources, regenerating land, securing a healthful ocean, and safeguarding biodiversity. The targets support providers towards these efforts with a complete, 5-step approach, then can measure corporations’ contributions to a nature-constructive economy as soon as alterations are produced.
SBTN defines science-primarily based targets as “measurable, actionable, and time-bound objectives, primarily based on the finest obtainable science, that permit actors to align with Earth’s limits and societal sustainability ambitions.” Such targets permit providers to align their sustainability actions by balancing Earth’s limits with sustainable, equitable human improvement.
In 2020, SBTN’s Initial Guidance for Company was published in response to a query that several corporations face: what can a firm do to perform towards a net-zero, “nature-positive” future? Now, SBTN’s science-primarily based targets for nature additional respond to this aim, offering providers with “scientific guardrails” in taking measurable action to preserve nature.