Danone, Decathlon, Adidas, Arla and H&M step up on nature

The Science Based Targets Network publishes multiple updates as TNFD releases guidance for CFOs

Danone, Decathlon, Adidas, Arla Foods and H&M are among a slew of companies to have updated their commitments on nature this week.

The Science-based Targets Network (SBTN), which helps firms to set credible goals for reducing their impacts on water, land and oceans, announced additions on Thursday. 

There are 14 new firms on the initiative’s ‘ambition board’, meaning they’ve “signalled their intent to take science-based action on nature in line with the Kunming-Montreal Global Biodiversity Framework”. 

It brings the total number to more than 40. 

“Their stated ambitions range from completing materiality screening and value chain assessments to setting land, freshwater and ocean targets,” said SBTN. 

“These early movers are part of a broader pipeline of more than 150 companies preparing to set targets through SBTN and build on the first companies that already have validated freshwater and land targets.” 

A further eight companies are preparing to set expanded freshwater targets through SBTN’s pilot programme, including Adidas, Arla Foods, Danone, Decathlon, General Mills and H&M. 

Between June and September, they will prepare their targets using upcoming new guidance from SBTN, due to be released later this year.

TNFD guidance 

This week also saw the Taskforce on Nature-related Financial Disclosures publish a guide for chief financial officers (CFOs).

The new document is the third in a series, and was based on discussions with CFOs.

It sets out 11 “key questions CFOs should ask themselves, their finance teams and others across their organisation to ensure nature-related issues are integrated into risk management, capital allocation, valuation, performance management, financial planning and strategic decision-making”.

In addition, it outlines the information CFOs should look for in materials and recommendations prepared by their teams, so they can prepare for greater scrutiny from boards, investors and other stakeholders.

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