As consumers and stakeholders have become increasingly concerned about environmental issues, companies that give priority to sustainability and the conservation of biodiversity gain a significant competitive advantage in terms of reputation and business growth.
We often hear about planet boundaries. But what are they? These are thresholds that, if crossed, can lead to irreversible and potentially catastrophic changes in the functioning of natural ecosystems worldwide. If we commit to these boundaries, however, we can maintain the stability and resilience of the ecosystems that support life on our planet.
The Science-Based Targets Network (SBTN) is an innovative initiative that defines how these planetary boundaries operate at the enterprise level. Covering four key areas of nature – water, land, biodiversity and oceans – the framework helps companies create quantitative, measurable and aspirational goals to ensure that business activities are sustainable and ecosystems remain healthy.
By adopting a Science-Based Target for Nature, companies can immediately align their business strategies with the goals of the Global Biodiversity Framework. The GBF was established at the United Nations Conference on Biodiversity and requires companies and financial institutions in signatory countries to assess and disclose the environmental risks, impacts, and dependencies in all their production activities and supply chains. In this way, they set an example and inspire their peers to make a change.