Science-based targets (SBTs) are a framework and a process for businesses to align their individual sustainability actions with globally agreed environmental goals.
The best-known SBTs are for climate. Over 900 forward-thinking businesses have already committed to taking science-based climate action in line with the Paris Agreement, which aims to stabilise the Earth’s warming to 1.5°C above pre-industrial levels. Partly due to this success, SBTs are now being developed for environmental issues that go beyond climate.
SBTs translate and downscale global goals meaning companies can set measurable, achievable, and fair targets – disaggregating ‘how much is enough’ from a global level (e.g. 1.5°C) into proportional, company-specific targets that contribute to achieving that shared global goal.
SBTs mean that we can take collective and effective action to tackle the nature crisis we face and keep human activity within the boundaries of a safe operating space.
Planetary boundaries – more than climate change
The safe operating space for humanity, or the planetary boundaries concept, is defined by nine planetary boundaries that represent Earth’s nine life-support systems, which regulate the stability of the entire planet.
Crossing these boundaries, for example through climate change, species extinction or by destroying or degrading ecosystems, increases the risk of causing a state of environmental damage from which we are unable to recover – and that will come with significant impacts to humanity.
Global goals for nature
The overarching global goals for nature will be designed to keep us within planetary boundaries. They are expected to be agreed through the Convention on Biological Diversity (CBD) process for target setting in the new decade. The post-2020 global framework provides an outcome-oriented framework for the development of national – or regional – goals and targets. The current CBD draft goals highlight three key dimensions of biodiversity:
- Area, connectivity and integrity of ecosystems
- The percentage of species threatened with extinction
- The abundance of species
Setting science-based targets for nature
SBTs for nature go beyond climate action to provide systematic solutions to reduce the risk of nature loss across four key areas – freshwater, biodiversity, land, and oceans. These new SBTs are being developed by the Science Based Targets Network – a large consortium of organisations along with the same founder organisations as the Science Based Targets Initiative for climate (WWF, UN Global Compact, WRI and CDP).
Its challenge is to translate global goals into fair and proportionate company-specific targets. This means global goals need to be downscaled (e.g. by ecosystem type) so that company-specific targets can be identified based on company activity and footprint.
Unlike SBTs for climate, which are measured in standard units of carbon and are applicable globally, there is no single unit of measurement for SBTs for nature, as nature is geographically diverse and locally complex.
There are well-known measures to assess the CBD’s key dimensions of biodiversity – even across complex value chains. Methods such as the IUCN STAR (Species Threat Abatement and Restoration) metric and a land occupancy approach can together capture the key dimensions of biodiversity and are likely to be widely adopted.
Within the SBTN, the biodiversity hub is currently developing SBTs for biodiversity. TBC is co-leading this hub, alongside UNEP WCMC and IUCN to bring both ecological and industry perspectives and ensure the correct balance of pragmatism and rigour in the development of new targets for biodiversity.
Getting ready for action
The ARRRT framework (Avoid, Reduce, Restore & Regenerate, Transform) is a series of steps designed to guide the actions of companies and cities in line with the best available environmental science. Building on the mitigation hierarchy, the preventive and remedial steps will be familiar for many, while it adds a step focusing on the transformational change needed to rebalance our relationship with nature.
While SBTs for nature are at a developmental stage, it’s not too early to start aligning sustainability actions with upcoming global goals and policy, and there are steps that can be taken now. The work of the Science-Based Targets Initiative has already proven the approach works in enabling companies to address their own greenhouse gas emissions.
Go to the SBTN to find out more or register your interest in joining. http://sciencebasedtargetsnetwork.org/get-started.html
If you are interested in exploring what science-based targets can do for you, do get in touch with us. We can help you get started on your journey by:
- Supporting training and awareness about SBTs for nature, so that you can better understand what they would involve and how you build a constituency for taking them forward
- Mapping and understanding potential biodiversity risks in your value chain and assessing their materiality
- Quantifying your biodiversity footprint, using metrics and tools appropriate for your sector and the nature and scale of your activities
- Identifying appropriate actions to apply the ARRRT mitigation hierarchy both within and outside your value chain