Impacts of business activities are the primary drivers of nature loss and climate change. And as home to 55% of the global population, cities have a vital role to play in meeting global targets to tackle nature loss and climate change.
Setting targets through the Science Based Targets Network means your company or city can be confident of doing enough to help restore balance to the global commons and harness the opportunities this presents.Why cities should set targets
Investors are increasingly committed to integrating environmental, social and governance into their investment practices and ownership policies. Ratings agencies like Moody’s and Fitch now include nature-related disclosures in their assessments.
Over half of global emissions are now from countries with net-zero emissions by 2050 targets. Regulation around nature protection is on the rise.
Companies with higher sustainability scores outperform their peers.
Organizations that focus on sustainability are better placed to attract and retain talent.
Strengthen your brand’s reputation by setting nature science-based targets.
Setting nature science-based targets provides the opportunity to collaborate and transform.
“It is very important that the business community has common guidance and is benchmarked against scientific frameworks. At Kering we have a science-based target for our greenhouse gas emissions to measure our climate actions, and a science-based target for nature is equally important to drive companies to take action on nature.” Marie-Claire Daveu
When designed and implemented correctly, SBTs can help resolve interrelated climate and nature risks, including:
- Creating resilience to climate hazards like heat waves, floods, and droughts
- Preserving freshwater resources and increasing water security
- Regenerating land systems
- Supporting a healthy, diverse ocean
- Conserving biodiversity and preventing species extinction
- Ensuring equal opportunities for societies to sustain a decent living and to access the benefits of the transition toward a zero- emission, nature-positive future.
“At Natura & Co we believe that companies have a major responsibility in creating a more sustainable world. We all depend on nature. For our products, we need to ensure nature is used in a sustainable way both for the good of our business as well as for the traditional communities from whom we source. We are working with the Science Based Targets Network to ensure that the actions we take now, lead us in the we are taking the right direction to protect and restore nature in line with remaining within Earth’s limits on a socially equitable basis.” Marcelo Behar
VP for Sustainability & Group Affairs, Natura & Co