Science Based Targets Network

🚀 We are thrilled to announce the main 2024 release of updated technical guidance and new enabling resources for companies to set science-based targets for nature, informed by our trail-blazing cohort of pilot companies! 🎉 These updates enhance the feasibility and practicality of our methods while maintaining ambition and scientific rigor. ✅ New resources to improve accessibility and drive action have also been introduced, including a comprehensive corporate manual that serves as an entry-point into the technical guidance. 📝 SBTN’s target validation pilot highlighted key benefits of target-setting and reinforced that SBTN is closing a critical gap in corporate sustainability, including: 🌟 Increases ambition and drives science-based action on nature. 🤝 Provides credibility and a common language to advance engagement with stakeholders. 🧭 Acts as a trusted compass for companies to get to the right solutions. Stay tuned for more from us in September, when we'll share key pilot outcomes and lessons learned to pave the way for the next generation of targets. 🌍 👉🏽 Explore the latest resources: https://lnkd.in/gSzA6Yb9 🌱✨ #SBTN #ScienceBasedTargets #ForNature #NaturePositive

🎯 Have you explored our main 2024 release yet? Our suite of new enabling materials and updated technical guidance is now available, informed by insights from our trail-blazing target-setting companies. 👇 The #ScienceBasedTargets #ForNature target-setting process is divided into five steps: 1️⃣ Assess 2️⃣ Prioritize 3️⃣ Set targets 4️⃣ Act 5️⃣ Track Each step contains methods, tools and additional resources to guide companies through the process. We also have cross-step guidance available. 🛠️📝 The first two steps help companies assess and prioritize their environmental impacts and then set targets, beginning with freshwater and land. Biodiversity is integrated across our guidance. Ocean targets will be available in 2025 and climate targets are set via our partner organisation Science Based Targets initiative. ➡️ Explore updated technical guidance for the 1st three steps, with further guidance on the final two coming in 2025: https://lnkd.in/dCPqXV76 #SBTN #NaturePositive #SafeAndJust #ScienceBased #NatureAndClimate #EcologicalEmergency #GlobalCommons

🎯✅ Are you ready to set science-based targets for nature? Forward-thinking companies are. One pilot company reported that the targets are "credible, robust, logical and prescriptive" – so what are you waiting for? 👇 In May 2023 a target validation pilot commenced with a group of companies that were required to prepare and submit freshwater and land targets for validation, in alignment with the previous version (2023) of SBTN’s methods.🌊⛰️ The scope of the pilot validation included the following steps: Step 1️⃣: Assess – an integrated assessment method to identify key issues and locations to focus on for target setting. Step 2️⃣: Interpret and Prioritize – a method for prioritization of target setting, using a mix of environmental, social, and financial considerations. Step 3️⃣: Measure, Set, Disclosure – methods for setting land and freshwater targets, addressing some of the dominant drivers of biodiversity loss and climate change. The pilot concluded in June 2024, and our summary report provides an overview of the pilot itself, with initial learnings, key benefits and insights into best practices shared by the group of forward-thinking companies. 📝 🔗 Read the pilot summary report: https://lnkd.in/eQ-H9ndV ➡️ Learn more about setting science-based targets for nature in our corporate target-setting guide: https://lnkd.in/dCPqXV76 We are deeply grateful to our piloting companies, supporting consultancies and NGO partners for their participation in the first year of setting corporate science-based targets for nature. Looking ahead, we look forward to sharing full outcomes and strategic insights beginning in September 2024, as well as highlighting piloting companies’ experiences.🌱 #ScienceBasedTargets #ForNature #SBTN #NaturePositive #SafeAndJust #ScienceBased #NatureAndClimate #EcologicalEmergency #GlobalCommons

📢📅 Deadline is approaching for companies that want to be at the forefront of setting ambitious #ScienceBasedTargets #ForNature! You can submit interest in upcoming target validation services by 31 July. 👇 #SBTN and the GCA Accountability Accelerator have opened a call for Expressions of Interest from companies interested in using the upcoming target validation services, to evaluate their readiness to set targets, as well as to inform validation team resourcing. This comes as we release our updated methods and supporting guidance, following the conclusion of the corporate pilot. Looking ahead, we look forward to sharing full outcomes and insights in September and highlighting everyone’s contributions. ➡️ Learn more including criteria for target submission: https://lnkd.in/eP-_Kr-a 🔗 Read more about the new target validation host: https://lnkd.in/ejNhDd8d 🎯 Read the new pilot summary report, with detailed insights and outcomes to follow later this year: https://lnkd.in/eQ-H9ndV 🆕 Explore all of the latest guidance via our online target-setting guide: https://lnkd.in/eQ-H9ndV #NaturePositive #SafeAndJust #ScienceBased #NatureAndClimate #GlobalCommons #Accountability #AccountabilityAccelerator

🚀 Have you explored our NEW materials for companies to set #ScienceBasedTargets #ForNature yet? 🦎👇 Our main 2024 release is here! Our suite of new enabling materials and updated technical guidance is now available, informed by insights from our trail-blazing target-setting companies. If you're looking for an overview of our technical guidance, then you should read our NEW Corporate Manual. It's a comprehensive entry-point into our technical methods, with a focus on clarity and simple language: https://lnkd.in/erNHZ2B5 🌱📙 Not sure where to start? Head to our target-setting guide: https://lnkd.in/e-nd7AFH 🌿 🔎 Here you will find: Technical Methods ✅ Updated methods for assessing and prioritizing your organization’s impacts on nature (Steps 1 & 2 V1.1) ✅ Updated methods for setting targets on freshwater quantity and quality (Step 3 Freshwater V1.1) ✅ Updated methods for setting targets on land (V1, previously in beta) Tools & Useful Resources ✅ Updated materiality screening tool - enhanced with a new interface and upstream function ✅ Updated technical FAQs ✅ Updated high impact commodity list (V1.1) ✅ Pilot Summary Report Stay tuned for more from us in September, where we'll share key pilot outcomes and lessons learned to pave the way for the next generation of targets. 🌍 👉🏽 Explore the latest resources: https://lnkd.in/e-nd7AFH 🌱✨ #SBTN #NatureAction #NaturePositive

Businesses and financial institutions are uniting and calling on governments to provide the regulatory certainty they need to transform their operations and supply chains 🌱 This is our window to build a thriving, #NaturePositive, #NetZero and equitable economy. Businesses cannot address the challenge of nature and biodiversity loss alone and voluntary business action is not enough. Business for Nature has published five high-level recommendations and 20 detailed policy asks for governments to accelerate the action needed on #Nature. The policy recommendations call on governments to urgently adopt policies to: 🌎 Make sure business and finance protect and restore nature 🌎 Ensure natural resources are used and managed sustainably to reduce negative environmental impacts 🌎 Value and embed nature in decision-making and disclosure 🌎 Align all financial flows to a transition to a nature-positive, net-zero and equitable economy 🌎 Adopt/strengthen ambitious global agreements to address key nature loss challenges This is an urgent appeal to governments for their immediate leadership to strengthen the policies, incentives and legislation that will drive the necessary business action to halt and reverse #NatureLoss this decade. 🔗 Read the policy recommendations: bit.ly/COP16pr

📣 We're #hiring for an interim Communications Director! 🔎 Capitals Coalition is seeking a candidate who thrives on strategy creation and is an exceptional leader. Are you driven by working at the intersection of #economics and #sustainability? We want to hear from you! 📍 Location: UK or Netherlands 📩 Closing date: 8 September 2024 💼 Read the full job description and apply at: https://lnkd.in/guzZeP7w

🎯✅ Are you ready to set science-based targets for nature? Forward-thinking companies are. One pilot company reported that the targets are "credible, robust, logical and prescriptive" – so what are you waiting for? 👇 In May 2023 a target validation pilot commenced with a group of companies that were required to prepare and submit freshwater and land targets for validation, in alignment with the previous version (2023) of SBTN’s methods.🌊⛰️ The scope of the pilot validation included the following steps: Step 1️⃣: Assess – an integrated assessment method to identify key issues and locations to focus on for target setting. Step 2️⃣: Interpret and Prioritize – a method for prioritization of target setting, using a mix of environmental, social, and financial considerations. Step 3️⃣: Measure, Set, Disclosure – methods for setting land and freshwater targets, addressing some of the dominant drivers of biodiversity loss and climate change. The pilot concluded in June 2024, and our summary report provides an overview of the pilot itself, with initial learnings, key benefits and insights into best practices shared by the group of forward-thinking companies. 📝 🔗 Read the pilot summary report: https://lnkd.in/eQ-H9ndV ➡️ Learn more about setting science-based targets for nature in our corporate target-setting guide: https://lnkd.in/dCPqXV76 We are deeply grateful to our piloting companies, supporting consultancies and NGO partners for their participation in the first year of setting corporate science-based targets for nature. Looking ahead, we look forward to sharing full outcomes and strategic insights beginning in September 2024, as well as highlighting piloting companies’ experiences.🌱 #ScienceBasedTargets #ForNature #SBTN #NaturePositive #SafeAndJust #ScienceBased #NatureAndClimate #EcologicalEmergency #GlobalCommons

📣🌱130 businesses with revenues of $1.1 trillion are calling on governments for renewed policy ambition to accelerate action needed to implement the #BiodiversityPlan. This is our window to secure a #NaturePositive economy for all by 2030. 👇 With less than 100 days until the UN Biodiversity #COP16, Business for Nature coalition has published a business statement outlining five high-level policy recommendations for governments to accelerate the implementation of the #BiodiversityPlan to drive corporate #Nature action. The statement calls on governments to adopt policies to: 🌎 Make sure business and finance protect nature and restore degraded ecosystems. 🌎 Ensure sustainable resource use and management to reduce negative environmental impacts. 🌎 Value and embed nature in decision-making and disclosure. 🌎 Align all financial flows to transition to a nature-positive, net zero and equitable economy. 🌎 Adopt or strengthen ambitious global agreements to address key nature loss challenges. It’s time for governments to create an enabling regulatory framework and put nature at the heart of decision making. 🔗 Find out more: https://lnkd.in/dYcJkbA Companies include: International Paper Company VE, Danone, Decathlon , Unilever, Nestlé, Mahindra Group, Suzano, Salesforce, L’OCCITANE Group, OLAM FOOD INGREDIENTS UK LIMITED, Safaricom PLC, Inter IKEA Group, Holcim, H&M Group, dsm-firmenich, Kering, Volvo Cars, dentsu, Legal & General, Johnson Matthey, Natura &Co, Wipro, WSP, Givaudan, Iberdrola, Enel Group, Schroders, Sainsbury's, Sumitomo Forestry, Arup, ERM, Heidelberg Materials, Inditex, Novonesis, Ørsted, Poste Italiane, Reckitt, Veolia

🚨 New resources are now available for your company to set science-based targets for nature: https://lnkd.in/eXCn9ibu On our website you will now find: 🌟 updated methods that strengthen feasibility while maintaining scientific rigor 📙 new resources to improve accessibility and drive ambition and action 🤝 comprehensive guidance with credibility and a common language to advance engagement with stakeholders 🧭 a trusted compass for companies to get to the right solutions. For those already familiar with the resources, in more detail this includes: Technical Methods ✅ Updated methods for assessing and prioritizing your organization’s impacts on nature (Steps 1 & 2 V1.1) ✅ Updated methods for setting targets on freshwater quantity and quality (Step 3 Freshwater V1.1) ✅ Updated methods for setting targets on land (V1, previously in beta) Supporting Guidance ✅ NEW Corporate Manual - a comprehensive entry-point into our technical methods, available as a downloadable document and an interactive version on our website ✅ NEW illustrative case studies to accompany the technical methods Tools & Useful Resources ✅ Updated materiality screening tool - enhanced with a new interface and upstream function ✅ Updated technical FAQs ✅ Updated high impact commodity list (V1.1) ✅ Pilot Summary Report 🔗 Explore the latest updates and resources: https://lnkd.in/dCPqXV76 #ScienceBasedTargets #ForNature #SBTN #NaturePositive #SafeAndJust #ScienceBased #NatureAndClimate #GlobalCommons