· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on ESG News or enjoy below:
🗞️ Driving the news: At COP16, Kering, GSK, and Holcim became the first companies to adopt science-based targets for nature, developed by the Science Based Targets Network (SBTN), aiming to protect freshwater and land ecosystems
• This initiative marks a milestone for corporate responsibility in biodiversity preservation
🔭 The context: These targets are the result of SBTN’s pilot program, which validated nature-positive targets for 60% of participating companies
• By setting these targets, companies align their sustainability efforts with the goals discussed at COP16 and the Global Biodiversity Framework
🌍 Why it matters for the planet: This initiative recognizes the vital role businesses play in protecting natural resources, helping reverse biodiversity loss and addressing ecosystem degradation as part of a broader climate strategy
⏭️ What's next: SBTN plans to expand this model, with a goal to guide 150 additional companies in adopting nature-focused targets by 2025, including the first science-based targets for oceans
• This framework will increasingly integrate biodiversity metrics to support global environmental goals
💬 One quote: “Our corporate pilot program has shown that science-based targets for nature are both feasible and valuable... demonstrating that a clear and credible pathway for ambitious action for nature is possible,” - Erin Billman, Executive Director of SBTN
📈 One stat: 60% of pilot program participants received validation for their nature-positive targets
Click for more news covering the latest on corporate sustainability and biodiversity
