Erin Billman, director of the Science Based Targets Network, has published an oped in Project Syndicate arguing that businesses must get ready to set targets for all global commons. With Eva Zabey, director of Business for Nature, Erin outlines five steps companies can take to prepare to set targets.
“We are living through some of the most disruptive, uncertain times in recorded history. To avoid destruction, businesses must reset their compasses, and help the world chart a new course toward an equitable, net-zero-emissions, nature-positive economy,” they say.
They argue targets for nature make business sense.
The authors say, “Since the beginning of the COVID-19 crisis, sustainable investments have outperformed the wider market, and the growth of investment in companies with high environment, social, and governance (ESG) ratings continues apace. Companies aiming to attract investment are increasingly incorporating meaningful ESG action into their strategies.”