The first corporate science-based targets for nature are here.
The Science Based Targets Network - a global coalition of 80+ environmental non-profits and mission-driven organizations - has released the first corporate science-based targets for nature.
These much-needed targets on nature build on and complement existing climate targets, which have been set by over 2,600 companies through the Science Based Targets initiative. They have been developed to give companies the guidance to know if they are doing their part towards realizing the vision of an equitable, net zero and nature positive future.
To achieve a balance between scientific rigor and feasibility, over 200 organizations have already helped to shape the initial methods, tools and guidance. This includes 115 companies, the majority of whom participate in SBTN’s Corporate Engagement Program - representing 20+ sectors in 25 countries with over $4 trillion in market cap.
This first release from SBTN equips companies to assess their environmental impacts and set targets beginning with freshwater and land enabling companies to both reduce their negative impacts and increase positive ones for nature and people. Specifically, the first nature targets will help companies improve their impacts on freshwater quality (specific to nitrogen and phosphorus) and freshwater quantity as well as protect and restore terrestrial ecosystems.