Science Based Targets Network (SBTN)

🆕 📢 SBTN has published company pilot outcomes - and it's good news for business! The insights demonstrate that #ScienceBasedTargets #ForNature offer a credible pathway for companies to take ambitious action for nature. 👇 Outcomes from our pilot highlight that first-mover companies are now equipped with a gold standard approach to comprehensively assess their biggest impacts on nature and set science-based targets - beginning with freshwater and land. 🌱 The pilot successfully provided companies with a valuable test-and-learn opportunity to engage in the target-setting process for the first time. A majority of participating companies received validation for some or all of their targets. While some used the pilot as a chance to gain insights for future commitments, others are now preparing to publicly adopt the targets. These piloting companies have until January 10 2025 to disclose their targets, which will be made public via a SBTN target tracker on a rolling basis.🎯 Companies that took part in the corporate pilot program reported significant value in setting targets, including driving more strategic discussions at a leadership level, and providing credibility and a common language to advance engagement with stakeholders.🤝 In response to pilot learnings, SBTN made changes to its methods to address challenges with feasibility and complexity of the target validation requirements. Updated methods released in July include enhancing confidence in prioritization and outputs, improving interoperability, providing additional support & resources, and clarifying methods. Using the strengthened methods, 150+ more companies - via SBTN’s Corporate Engagement Program and service provider program - are preparing to set targets. The upcoming new validation service hosted by GCA Accountability Accelerator will come online by Q4 2024, enabling a selected group of companies to ensure their targets are robust & in line with what science requires. Companies are selected from SBTN’s recent public expression of interest for target validation services. The value reported by companies, consultancies, NGOs and SBTN, reinforces that SBTN is closing a critical gap in corporate sustainability. We look forward to our growing coalition continuing to drive credible action for nature. 🎉 Now is the time for companies to act: responsibly, urgently, and with ambition that matches the scale of the challenge. We call on companies to use our methods to understand their impacts on nature. ➡️ Learn more about SBTN’s corporate pilot program outcomes, its strategic insights and corporate case studies from the pilot: https://lnkd.in/e6feYmfH 🔗 Businesses interested in setting science-based nature targets of their own can explore the latest corporate guidance online through SBTN’s target-setting guide: https://lnkd.in/dCPqXV76

Today we celebrate #WorldHabitatDay! By setting meaningful and actionable #ScienceBasedTargets #ForNature, cities can pave the way for healthier citizens, flourishing economies and thriving natural habitats. Learn more about our cities program. 👇 Safeguarding our natural habitats and resources is pivotal for maintaining a livable planet for humankind. But it is also key for building livable cities, where vibrant communities thrive. By setting meaningful and actionable targets for nature, cities can pave the way for healthier citizens, flourishing economies, and attractive cities that sustain a high quality of life. 🌇 We launched a program to develop cities-focused science-based targets for nature in 2023. Advancing the scope to include cities, alongside companies, the new cities’ science-based targets for nature program’s first objective is to create a holistic, guidance build on existing frameworks that can help cities navigate the best target setting methodologies for nature. We expect initial guidance for cities to be available in 2025. 🌱 The Cities’ science-based targets for nature program is a collaborative effort with some of the world’s leading cities networks, research institutions, and advisory organizations focused on cities: CDP, WWF, WRI, C40, ICLEI, IUCN, Durham University, TNC, and Arup. At the heart of the consortium, Metabolic and Urban Biodiversity Hub will act as core delivery partners. 🔗 Learn more about the program: https://lnkd.in/e3ZBYHAb 📧 Subscribe to our cities newsletter to stay up to date on program progress and future events: https://lnkd.in/evSuYCGi

📢 Have you seen the results? The Science Based Targets Network recently published outcomes from its year-long corporate pilot program, proving that companies now have a clear and credible pathway to take ambitious action for nature.👇 Pilot companies report they're now equipped with a gold standard approach to assess and measure their biggest impacts on nature and then set #ScienceBasedTargets, beginning with freshwater and land. 💧🏔️ Detailed in the report, pilot companies highlight that a science-based targets #ForNature approach enables them to address key drivers of nature loss in the ecosystems where they and their suppliers operate. Participating companies highlighted that setting targets helped raise corporate ambition and drive credible action for nature, including moving beyond zero deforestation to zero conversion of natural ecosystems.🌿 SBTN’s target-setting process also helps: ✅ provides credibility and a common language to advance engagement with stakeholders. ✅ drive more strategic discussions around business functions at a leadership level. The majority of participating companies received validation for some or all of their targets and while some used the pilot as a chance to gain insights for future commitments, others are now preparing to publicly disclose and adopt their targets. These piloting companies have six months (by Jan 10, 2025) to adopt their targets, which will be made public via a target tracker on a rolling basis. 🚀 Looking forward, SBTN’s next generation of nature targets for 2025 will address corporate demand for implementation guidance and broader coverage of freshwater and land targets alongside additional biodiversity integration. SBTN will also deliver the first ocean targets for companies, and equip cities with initial guidance on science-based targets for nature. 🌊 🔗 To learn more about SBTN’s corporate pilot program outcomes, its strategic insights and corporate case studies from the pilot, view the latest report: https://lnkd.in/eQ-H9ndV 📙 Businesses interested in setting science-based nature targets of their own can explore the latest corporate guidance online through SBTN’s target-setting guide, which is also available offline through its corporate manual: https://lnkd.in/dCPqXV76 #ClimateWeekNYC #COP16 #COP29 #NaturePositive #GlobalCommons #GreenBusiness #NatureAction #Deforestation #Pilot #Freshwater

🗣️🌊 We're seeking public input to help shape the first ocean science-based targets for companies! Focusing specifically on seafood value chains, public feedback will help ensure the new guidance is robust and practical when it's released next year.👇 Current pressures on the ocean’s health pose great risks to economies, communities and nature. By directly engaging ocean industries such as the seafood sector in setting science-based targets for nature, SBTN provides them an opportunity to reduce their pressures from ocean-related activities and implement sustainable practices with far-reaching environmental and business benefits. ✅ The SBTN is calling on external stakeholders to provide their input to ensure the final ocean targets guidance for companies is clear, feasible, ambitious and grounded in sound scientific principles. 📅 The consultation is open until October 22. 🔗Learn more and participate in the Public Consultation: https://lnkd.in/e2KqdsnG #Ocean #OceanAction #ScienceBasedTargets #ForNature #BusinessAction #NaturePositive #PublicConsultation

We welcome 零碳資本股份有限公司 Zerocarbon Capital Co. Ltd. to our Corporate Engagement Program! Zero Carbon Capital empowers partners to build climate resilience and reach a zero-carbon future. Find out more about joining the program👇 https://lnkd.in/dxNpKH5

📢 “Thanks to the SBTN program, companies now have the opportunity to better align nature and business strategies with the latest available science and guidelines.” - H&M Group. For the first time you can delve into case studies from companies that piloted the first science-based targets for nature. ⬇️ For global fashion and design company H&M Group (Hennes & Mauritz AB), the SBTN pilot has been a valuable journey. SBTN has helped them establish a science-based foundation for nature action. H&M Group considers #SBTN to be an important means of driving greater standardization of approaches to assessing impacts and setting targets in the industry, and have found that it has given the industry a common language with which to talk about nature. They also said that the pilot has prepared them for ongoing and upcoming work on frameworks such as CSRD, TNFD, and SBTi FLAG. 📝 Discover their findings and challenges 🗣️ Read their advice for other companies 🪜 Learn more about the benefits of the process - and the next steps they're going to take 🔗 Read H+M Group's case study: https://lnkd.in/eq2GGnWd ➡️ 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

📢 Are you an expert in environmental science, climate policy or sustainable business? GCA Accountability Accelerator is calling for applications to its Integrity Council! 👇 The Integrity Council will oversee the governance of the target validation function and approve the operating procedures for validation assessments in compliance with Science Based Targets Network target-setting methods. 🎯 We're delighted to have Christiana Figueres, Marco Lambertini and Paul Polman on our Selection Committee, who will be deciding on our final Integrity Council line-up in November. Heather Grady, Vice President at Rockefeller Philanthropy Advisors, will be providing oversight of the selection process. ➡️ To apply, please send a CV and covering letter to validation@accountabilityaccelerator.org. The deadline for applications is 𝟏𝟕 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟐𝟒. 🔗 Read the full call for applications: https://lnkd.in/eVscFpa3 🔗 Read the Integrity Council terms of reference: https://lnkd.in/ev_4EtYh 🔗 Read about the validation of #ScienceBasedTargets #ForNature: https://lnkd.in/g6qkSEtR

In the countdown to #COP16Colombia, are businesses and governments doing enough to reverse the trend of #NatureLoss? 🌱 #Nature is in crisis. #Biodiversity is declining at an alarming rate and the ecosystems that sustain life are under threat. While progress has been made since 196 countries adopted the historic #BiodiversityPlan in 2022, much more needs to be done. Business for Nature has developed an infographic exploring business and policy progress highlighting that: 🌎 There’s an $8.9 billion shortfall in development finance to meet the international biodiversity finance target. 🌎 $2.6 trillion is being spent on environmentally harmful subsidies (EHS) in 2024. 🌎 $5 trillion of private finance is directly harming nature vs. $35 billion nature investment. 🌎 5% of benchmarked companies assess their impacts on nature and less than 1% understand dependencies. At COP16, we need businesses and governments to work together through ambitious and radical collaboration. This is the race of our lives. Capitals Coalition, CDP, Ceres, Inc., UNEP-WCMC, We Mean Business Coalition, World Benchmarking Alliance, World Economic Forum, Taskforce on Nature-related Financial Disclosures (TNFD) 🔗 Read more: https://bit.ly/COP16info

🌍 Version 1 of our new, open-source Natural Lands Map combines local data with global data to improve land cover delineation! For example, here we can see how including local data enhances the accuracy of maps in #Côted’Ivoire and #Ghana, showing much less natural forest than what’s possible with global data alone. This tool, developed in collaboration with WWF, Systemiq Ltd. and Science Based Targets Network, provides critical insights for sustainable sourcing, addressing issues like deforestation and habitat loss. Check out our blog to learn more: https://bit.ly/3TEQa8q

📢 We are pleased to announce the key outcomes from our year-long corporate pilot program, demonstrating that companies now have a clear and credible pathway to take ambitious action for nature. Read our latest newsletter for more insights on this milestone for science-based targets for nature. 👇 You can also subscribe to get the latest #SBTN news each month via ➤ Linkedin: https://lnkd.in/e2arZzKG ➤ Or email: https://lnkd.in/dxgsuuD #NaturePositive #SafeAndJust #GlobalCommons #NatureAction #COP16 #ClimateWeekNYC #COP29