Step-by-step process to setting SBTs
Wherever possible, we draw on existing practice and point to work that companies may have already done that gives them a strong starting point for setting SBTs for nature. In short, companies will:
1. Assess. To begin, you gather and/or supplement existing data to estimate your value chain-wide impacts and dependencies on nature, resulting in a list of potential ‘issue areas’ and value chain locations for target setting.
2. Interpret & Prioritize. You then interpret the outputs of Step 1, prioritizing key issues and locations to take action. You will consider actions across different ‘spheres of influence’-from your operations, to the landscapes surrounding your value chain(s).
3. Measure, Set & Disclose. You then collect baseline data for prioritized targets and locations.Using the data from this and previous steps, you can set targets aligned with Earth’s limits and societal sustainability goals and then disclose these publicly.
4. Act. Once targets are set, you utilize SBTN’s Action Framework (AR3T: Avoid, Reduce, Regenerate,Restore, and Transform) to make a plan and begin to address your contributions toward the unsustainable use and loss of nature key impacts.
5. Track. Finally, you monitor progress toward your targets, and report publicly on this progress, and adapt your approach as necessary.
Click here for a detailed step-by-step guide to set science-based targets for nature
