Science Based Targets Network, which is part of the Global Commons Alliance
has published a guide showing businesses how to protect and restore nature in accordance with science, preparing to set science-based targets. The guide explains how companies can assess, prioritize, measure, address and track their impacts and dependencies on nature in line with science, on land and freshwater use, climate impact, and ecosystem integrity.
While a growing number of companies have been taking action for nature, they have been increasingly calling for science-based targets for nature to ensure they are doing their part in the same way as they can by adopting science-based targets for climate.
The interim targets provided in the guidance give companies direction they can align with now, across land use, freshwater use, climate impact, and ecosystem integrity.
The new guidance consolidates and builds on multiple existing efforts companies are making to protect nature. It is an interim publication with the goal being to engage with businesses to develop and refine it for maximum useability. Reviewers included representatives from 14 companies with a combined market cap of $1.1 trillion, including Sky, Kering and Unilever along with other environmental, academic and scientific experts.
The broad membership of the Network itself – 45+ partners – illustrates a widespread agreement among environmental organizations, business groups and scientists on the need for a single, unified message for business to provide clarity on how to ensure efforts are scientifically validated. They are identifying a safe corridor for humanity based on the first ever integrated assessment of the whole Earth system now underway by the Earth Commission.
Download the first guidance for business to help you get started on your journey to setting nature science-based targets. Send an email when you’ve completed step 1 to track private sector progress: firstname.lastname@example.org