| Science-Based Targets Network (SBTN) |
Yes (6 votes) |
- Meant to serve as gold standard best practice
- Landscape engagement target is also relevant and important for producers and Field to Market, not just the no conversion target
- SBTN is developing methods for companies to set targets that reduce negative and increase positive impacts on biodiversity. They will soon release a detailed analysis of biodiversity coverage in the first science-based targets for nature, guiding future SBTN methods.
- Only official guidance that is cross-commodity and global on land use
- Only guidance that makes an effort to include biodiversity explicitly in targets
- Landscape engagement targets takes into account the social, ecological, other needs unique to a place.
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Still in development
Target setting is onerous and some targets are very ambitious
Unlike GHGs, quantitative impact (what to measure) is regional
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| Convention on Biological Diversity (CBD) |
Yes (4 votes) |
- One key important thought is that even though the US is not a member to the CBD, the alignment of action with local and national priorities is key. Biodiversity priorities and appropriate actions are place-based and do not exist in a vacuum.
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- Unclear what implications are for corporations
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| World Council Business for Sustainable Development + One Planet Business for Biodiversity |
Yes (2 votes) |
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- Details of tools that will be used and more granular metrics
- Guidance still under development and not public
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| SAI Platform - Regenerating Together |
Yes (2 votes) |
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Details of tools that will be used and more granular metrics
I don’t use any of these, but I don’t like the SAI idea of forcing on-site visits. Totally impractical and expensive. We should be trusting farmers to do the right thing.
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| Taskforce on Nature-related Financial Disclosures (TNFD) |
Yes (4 votes) |
This one has gone through lots of corporate and private sector review, more than SBTN. It’s also cross-sector. And it’s aligned with EU CSRD
Will feed into ISSB, GRI, CDP and regulatory disclosure frameworks.
TFND is consistent with the approach of the TCFD and the ISSB’s IFRS Standards
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There are challenges with collecting some of the metrics within value chains.
Can be challenging to see how biodiversity fits in |