Leading the way: Insights from SBTN’s corporate target validation pilot
Company:
Pilot companies
“We want our targets to be backed by science. We would recommend that organizations do SBTN because it gives credibility to the company. It is not a target that is set with your finger in the air – the methodology is robust, logical and prescriptive.”
– 2024 SBTN Pilot Company
In May 2023 a target validation pilot commenced with a group of forward-thinking companies. The pilot companies 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 1: Assess – an integrated assessment method to identify key issues and locations to focus on for target setting
- Step 2: Interpret and Prioritize – a method for prioritization of target setting, using a mix of environmental, social, and financial considerations
- Step 3: 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 has been an enriching learning experience for everyone involved throughout the network.
>> Download the full pilot summary report (PDF)
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.
The pilot summary report provides full outcomes of the pilot, key benefits and strategic insights into best practices, as well as highlights piloting companies’ experiences.
