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

📢 The results are in. Pilot companies report they're now equipped with a gold standard approach to assess & measure their biggest impacts on nature and set #ScienceBasedTargets, beginning with freshwater and land. 💧🏔️👇 The Science Based Targets Network has shared outcomes from its year-long corporate pilot program, proving that companies now have a clear and credible pathway to take ambitious action for nature. 🚀 Detailed in the report which was published last month, pilot companies reveal 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 stressed 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 until 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

🌎  This weekend world leaders are gathering in Cali for #COP16Colombia. But what exactly is the Kunming-Montreal Global Biodiversity Framework that countries are submitting plans for – and how can companies take action? Find out in our new blog. 👇 The Global Biodiversity Framework (GBF) is an historic agreement adopted by 196 countries at COP15 in December 2022. The GBF outlines an ambitious roadmap to halt and reverse nature loss by 2030 and live in harmony with nature by 2050, and is supported by 23 targets for 2030 and four goals for 2050. 🌱 By setting science-based targets for nature through the SBTN, companies can take comprehensive and measurable action toward the global goals of the GBF, prioritizing areas where they bear the greatest responsibility and where action is most needed.🎯 For example, companies that set targets through SBTN set basin-level water pollution targets where they have the most impact, informed by the specific ecological requirements of each basin and in collaboration with other local stakeholders. This localised, science-based, and collaborative approach enables companies to make measurable contributions to global goals where nature needs it most. 🔗 Read how SBTN overlaps with GBF targets and more in our latest blog: https://lnkd.in/egSH86Tb

📢 Find all events the Science Based Targets Network will be hosting or taking part in at #ColombiaCOP16 from October 21 to November 1. See you there!👇 🗓️ Wednesday October 23 ⚪ Enhancing Subnational Contributions to the Global Biodiversity Framework: Needs for metrics, methodologies and practical frameworks to achieve whole-of-government implementation of the GBF 🕒 1.20-2.50pm COT 📍Blue Zone, Cocuy – Marie Khan Women’s Caucus meeting room Plaza One Co-hosted by IUCN and ICLEI, and supported by UNEP-WCMC, the SBTN, and Regions4, this side event will give a prominent role to subnational governments, who will have the opportunity to discuss current needs and challenges in measuring and reporting on biodiversity in the framework of the GBF. The side event will include statements of support and ambition from high level representatives of different municipalities involved in international initiatives such as CitiesWithNature & RegionsWithNature, the Cities Biodiversity Index, and the Berlin Urban Nature Pact. 🗓️ Wednesday October 30 ⚪Action Unlocked: Driving Corporate Change with Validated Science-Based Targets for Nature 🕒 12:00 pm – 1:00 pm 📍 Nature Positive Pavilion, Blue Zone @ COP16, Cali, Colombia At COP16’s Nature Positive Pavilion, organized by the Nature Positive Initiative, the SBTN will share corporate insights and latest outcomes from its year-long target validation pilot, while its new target validation host, the GCA Accountability Accelerator, will outline plans for its upcoming target validation services. ⚪ From Global Goals to Local Action – Setting Science-Based Targets for Nature Positive Cities 🕒 2pm-3pm COT 📍Nature Positive Pavilion, Blue Zone, Big Room The SBTN presents a developing an overarching guideline for cities to set science-based targets for nature: providing global alignment on target setting methodologies and metrics that allow cities to assess their own impact areas and set feasible yet meaningful targets to set cities up for a nature positive future. 🔗 For more info, registration links and a full list of partner events visit: https://lnkd.in/ePPrBaCV

📢 Welcome Impact Pathways to our Corporate Engagement Program This impact-led consulting firm supports organizations to create value for society while creating value for their business. Find out more about joining the program👇 https://lnkd.in/dxNpKH5

📢 We're hiring! The Science Based Targets Network (SBTN), part of the Global Commons Alliance, seeks an experienced Communications Officer to serve as the in-house expert to implement our marketing and communications strategy. 👇 🔵 Location: Flexible global location (preferred: North America, South America and Caribbean time-zones) 🔵 Compensation: USD $60,000-$80,000 depending on contract type, skills & experience and geography 🔵 Contract Type: Independent contract/consultancy contract for six months (Jan-June 2025, with a possibility of contract extension or transition to permanent employee 🔵 Working hours: Full-time (4 days also considered) This role is essential for effectively conveying the importance, relevance, and impact of setting corporate science-based targets for nature, so companies can contribute to global efforts to halt and reverse nature loss. The Communications Officer will manage SBTN’s digital and social media presence, amplify the coalition’s voice, and support the delivery of the overall communications strategy. Reporting to the Director of Marketing & Communications, this role is pivotal in raising SBTN’s profile and engaging companies, partners, and other stakeholders through targeted outreach and impactful content. The SBTN unites a coalition of global environmental organizations in a civil-society and science-led initiative to collectively define what is necessary for companies and cities to stay within Earth’s limits and meet society’s needs. ➡️ Read more and apply by November 15: https://lnkd.in/egmJaAA7 #Hiring #CommunicationsJobs #NatureJobs #ImpactJobs #Communications #MediaJobs #MarketingJobs

With just a few days until COP16 Colombia, are businesses and governments turning the tide on #NatureLoss? 🌱 In 2022, 196 countries adopted the historic #GlobalBiodiversityFramework, a roadmap for how to halt and reverse nature loss by 2030. Whilst businesses and governments are taking action to reverse this trend, much more needs to be done. In the countdown to #COP16Colombia, we’ve developed an infographic exploring business and policy progress, highlighting that: 🌎 Less than half of governments (44%) have published their updated NBSAP or national targets. 🌎 230 companies with revenues of $1.7 trillion are calling on governments to accelerate implementation of the Global Biodiversity Framework. The momentum #ForNature is growing but many companies still lack a deep understanding of their dependencies on #Nature - a critical gap that must be addressed. At #COP16, we need businesses and governments to work together through ambitious and radical collaboration. Capitals Coalition, CDP, Ceres, Science Based Targets Network (SBTN), UNEP-WCMC, We Mean Business Coalition World Benchmarking Alliance World Economic Forum Taskforce on Nature-related Financial Disclosures (TNFD) 🔗 Find out more: bit.ly/COP16info

⏰Less than one week to give input & 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 #NaturePositive #PublicConsultation #COP16Colombia

Great to participate in the world’s first Global Nature Positive Summit in Australia! 🦘🪲🌵 Marco Lambertini, Convener of the Nature Positive Initiative, launched the State of Nature Metrics consultation at the Summit. Simultaneously, Nature Positive was everywhere at the IUCN Leaders’ Forum in Geneva, Switzerland. To halt and reverse nature loss and secure a nature-positive world by 2030 we need a commonly applied way of measuring nature’s recovery. The consultation will enable us to achieve consensus on a set of universally accessible, meaningful and practical State of Nature Metrics. Help shape the future of how we measure nature’s recovery and drive action at scale. Join the consultation: https://lnkd.in/eycKGxAw Global Nature Positive Summit 2024 Erin Billman Mark Gough Gavin Edwards Alexandra Banks Tanya Plibersek Lyndon Schneiders Astrid Schomaker Carlos Manuel Rodriguez Tony Goldner Taskforce on Nature-related Financial Disclosures (TNFD) Science Based Targets Network (SBTN) Brian O'Donnell Department for Environment, Food and Rural Affairs Grethel Aguilar, Helen Temple, Frank Hawkins Cathrine Armour Lucy Mulenkei Stewart Maginnis

“There’s so much promise and huge value in these methods to scale nature protection and restoration.” - Kering Group, SBTN pilot company. Read their full case study and explore more insights from companies piloting the first science-based targets for nature. 👇 Kering’s involvement with SBTN aligns with its Biodiversity Strategy, which Kering launched in 2020 with the aim of achieving a net positive impact on biodiversity by 2025. Participating in SBTN’s pilot was a natural progression in Kering’s journey, which allowed the Group to deepen its engagement with SBTN and support the development of SBTN’s target validation process. ✅ 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 Kering's case study: https://lnkd.in/guRvqJ93 ➡️ 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