The Church Commissioners for England has become the first investor to join an initiative to develop science-based targets for companies on “land, oceans, water and biodiversity”.
Due in 2022, targets are being created under the auspices of the Science Based Targets Network’s (SBTN) Corporate Engagement Programme, and seek to “provide companies with a clear pathway to changing their impacts and dependencies on nature right across their value chains”.
SBTN is a non-profit established in 2019 to expand on the success of the climate-focused Science-based Targets Initiative. Its Corporate Engagement Programme boasts big names including Chanel, Coca Cola and Unilever, and it told RI it is talking to other investors about joining the programme.
“We encourage other investors to join us in supporting the development of science-based targets for nature to facilitate improved management of our holdings’ impacts and dependencies on natural resources …