This article was originally published on the Global Environment Facility.
“While companies in their hundreds have been stepping up to ensure their emissions go down, many business leaders have been growing increasingly concerned about their environmental impacts beyond the climate.
We can solve the climate crisis – but only if we recognize the urgency of tackling the nature crisis alongside it. Climate change is only one of the urgent and interlocking crises facing the world’s global commons – the foundation of human well-being. The Earth’s soils, air, ocean, biodiversity, and freshwater are also increasingly threatened. Together they interact with the climate system and determine the state of the planet. There can be no safe and prosperous future if we destabilize the Earth’s systems and undermine the web of life that sustains us all.
Nearly 800 of the world’s major companies are now committed to ensure they are doing ‘enough’ to reduce their greenhouse gas emissions through the Science Based Targets initiative (SBTi). Alongside working towards their science-based emission reduction targets, a growing number of companies are also looking at how they can reduce their impacts on the Earth’s freshwater, land, biodiversity, and oceans. They and many more have been calling for science-based guidance to ensure that they are doing enough.
…Setting science-based targets is not only good for the planet, it’s also good for business. Hundreds of businesses working to reduce emissions through the SBTi are experiencing multiple benefits like increased investor confidence, reduced risk and stronger growth. When companies incorporate the restoration of all the Earth’s natural systems into their business models, they will ensure stable supply chains while enabling both society and the environment to thrive.”
Read on at: Global Environment Facility