26/02/2024 News News

February 2024 newsletter

Dear Colleague,

I want to begin this newsletter by extending our gratitude to the companies pioneering the first science-based target for nature, beginning with freshwater and land. Their contribution of over 20,000 data points is invaluable to our collective learning journey toward a nature positive future. A special note of appreciation also goes to our target validation team, who are processing this wealth of data. As we navigate through the final stages of the pilot, which will culminate in the first validated targets later this year, we will share comprehensive learnings. In the meantime, you can explore the latest media coverage on the pilot from Fortune, Business Green, Forbes, Yahoo Finance, Carbon Pulse and BNN Breaking and, if you have not already seen it, our initial top line insights from companies pioneering the targets.

Forward-looking companies see the benefits of being part of SBTN’s Corporate Engagement Program, and we are pleased to announce a new cohort of 24 companies to the Program so far in 2024: Accenture, Baringa, Berkeley Capital, Carbon Space, Co-evolve Peter Jetter, Creditnature, Downforce, Dunya Analytics, Ecolynx, EDF, ERM, Guidehouse, Heineken, Kuyua, Lenzing, Nala Earth, Novo Nordisk, Perigon Partners, Robobank, Snam, SIG, Toyota North America, We Don’t Need Roads and Zero Mission. If you are interested in joining or seeing a full list of members, you can learn more about the Program here.

Other news from the Network:

  • How do science-based targets for nature go further than other targets that companies might already have? I sat down with Manveen Rana from BCG in Davos to discuss this and other topics – this short interview is available here.
  • Corporate piloting of science-based targets covering seafood value chains is about to begin. Companies interested can apply here until March 8, after which three companies will be selected to participate in the pilot. For more information on the data needs, available resources, and answers to frequently asked questions, please view our pilot explainer document. You can also connect with SBTN’s Ocean Hub at the Seafood Expo North America in Boston, MA, from March 10-12 (schedule a meeting at the WWF booth here).
  • Last month we shared a report on corporate water stewardship and freshwater science-based targets by SBTN’s Freshwater Hub and Alliance for Water Stewardship. If you missed CDP’s accompanying webinar, we can now share the recording.
  • We are pleased to welcome the new GRI Biodiversity Standard, along with its integration of the science-based targets for nature approach. This facilitates companies in effectively managing and publicly disclosing their impacts on nature, including on biodiversity. More information here.
  • A new report from UNEP-FI and UNEP-WCMC compares seven nature-related assessment and disclosure approaches including science-based targets for nature. For a holistic look at nature and climate resources for companies, you can also use the Accountability Navigator from the Global Commons Alliance’s Accountability Accelerator.

And finally, if you are looking for a new exciting opportunity in the corporate sustainability world, join our team! We are looking for a new Technical Communications Lead to take a pivotal role in effectively communicating the technical aspects of SBTN’s work primarily to its corporate, partner and other stakeholder audiences. They will be part of SBTN’s Network Hub sitting at the intersection of Marketing & Communications, Technical Development and Corporate Engagement. The deadline to apply is 3 March, 2024.

Best wishes,

Erin Billman

Executive Director

Science Based Targets Network

Get more information on science-based targets for nature, find out how to take action as a company or explore our Corporate Engagement Program.