Science Based Targets Network (SBTN)
A network that since May 2023 has published a method for companies to set and validate quantified targets for freshwater and land.
For climate, a company can relate its targets to a global carbon budget; for nature there was no common unit, and nature positive pledges remained unverifiable. The SBTN network built a stepwise method: assess one's pressures on nature, prioritize them by location, then set quantified targets on freshwater quantity and quality and on the protection and restoration of land, validated by a third party. It extends to nature what the SBTi does for climate. For insurance, these targets give a measure to the commitments of insured companies, and a basis for the disclosures that the Kunming-Montreal framework and the TNFD call for. Their coverage of biodiversity remains partial.
The network published its first targets for nature on May 24, 2023, tested by seventeen pilot companies; GSK, Kering and Holcim were the first to have targets on freshwater and land validated, and about 60% of pilot companies had some or all of their targets validated.
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