24 May 2022 – CISL is joining the Science Based Targets Network (SBTN), a collaboration of leading global non-profits and mission driven organizations working to shape private sector impacts on the environment by using science-based targets for nature to empower companies to measure their contribution to a nature-positive economy.
The SBTN is part of the Global Commons Alliance, which brings together organisations from a diverse range of sectors and industries with the aim of empowering effective stewardship of the global commons.
The Science Based Targets Network aims to enable the world’s major companies to adopt science-based targets for nature and take integrated action for climate, alongside water, land, ocean and biodiversity by 2025. This will form a key part of progress towards Sustainable Development Goals (SDGs) and global policy milestones. The first release of science-based targets for nature is due in Q1 2023.
CISL’s Centre for Business Transformation will be supporting the SBTN in its efforts to engage with businesses on protecting and restoring nature by helping to develop the frameworks and metrics companies need to help to create a nature-positive world.
Dr Gemma Cranston, Director of CISL’s Business and Nature team, said:
“Businesses are making commitments to create an equitable, net-zero, nature-positive future. Whilst they have targets to reduce GHG emissions in line with climate science, targets for nature have not yet been set. We are delighted to join SBTN as a partner where we are working with companies to develop tools, methods and guidance for science-based targets for nature.”