The Science Based Targets Network (SBTN) has launched the first validated science-based targets focusing on nature. Global companies like GSK, Kering, and Holcim have announced their new targets aimed at addressing freshwater and land impacts. This initiative seeks to extend the focus beyond carbon emissions to incorporate diverse environmental factors. By establishing precise targets, these companies aim to mitigate their environmental footprint, reflecting a progressive step in corporate sustainability efforts. The movement signifies a commitment to operating within Earth’s limits while catering to societal demands.
As recent as 2019, SBTN was created with the collaboration of organizations such as CDP, World Resources Institute, and WWF. The goal was to provide a framework for businesses to understand and mitigate their environmental impacts across various domains. This initiative was seen as a necessary evolution from the emissions-centered Science Based Targets initiative (SBTi), which primarily focused on climate-related goals. These newly established targets mark a significant milestone in the broader environmental strategy, expanding corporate responsibility to include biodiversity and ecosystem vitality.
What are the Specific Targets?
GSK, Kering, and Holcim introduced specific goals focusing on freshwater and land management. Kering has targeted its direct operations and suppliers with an eye on the Arno basin in Tuscany, emphasizing freshwater management and ecosystem conservation. GSK’s initial focus is on the Upper Godavari basin in India, aiming to decrease freshwater usage and enhance water replenishment at its Nashik site. Meanwhile, Holcim aims for a 39% reduction in freshwater withdrawals in Mexico’s Moctezuma basin by 2030. These targets reflect tailored approaches addressing regional environmental challenges faced by each company.
Are Companies Adapting Quickly?
The pilot program launched by SBTN saw 60% of participating companies receiving validation for their targets. GSK, Kering, and Holcim have publicly disclosed their commitments, setting an example for other businesses. Companies have until January 2025 to formally integrate these targets, ensuring time for adaptation and alignment with the validated goals. The support and guidance provided by SBTN help companies operationalize comprehensive nature-focused strategies, marking a shift towards more sustainable business practices globally.
Previous efforts primarily focused on carbon emissions and climate change, with companies needing a clear structure for addressing other environmental impacts. These new targets provide that structure, enabling organizations to take measurable actions towards nature conservation. Having specific, science-based targets beyond climate allows for a holistic approach, promoting broader environmental stewardship.
Both GSK and Holcim’s sustainability leadership teams have emphasized the importance of these new targets. Erin Billman, Executive Director of SBTN, has stated,
“Our corporate pilot has shown that science-based targets for nature are both feasible and valuable.”
Nollaig Forrest from Holcim remarked,
“With this rigorous approach, we can comprehensively assess and measure our nature footprint to set the right nature targets.”
These statements highlight the perceived value and necessity of expanding corporate environmental responsibilities.
The development of science-based targets for nature represents a shift in corporate sustainability strategies. By addressing issues like freshwater quality and ecosystem protection, companies can contribute to environmental restoration while ensuring business resilience. This approach is likely to influence future corporate sustainability frameworks, encouraging other organizations to adopt similar practices. As businesses integrate these targets, they not only meet regulatory expectations but also foster long-term ecological balance.
