NAT.B05.EC Zero Ecosystem Conversion Time-Bound Targets
About the data
This metric was designed by The World Benchmarking Alliance, more information can be found here. Sources and Alignments for each indicator can be found here as well as the scoring guidelines here
The World Benchmarking Alliance's Nature Benchmark measures and ranks the world's most influential companies on their efforts to protect our environment and its biodiversity.
This metric relates to the Indicator: The company demonstrates that it is minimizing its footprint from its business activities across all relevant ecosystems and/or looking to achieve conversion-free supply chains across relevant high-risk commodities.
Rationale: Land use change through the conversion of natural habitats is among the most significant drivers of biodiversity loss in terrestrial ecosystems. Agricultural production alone is responsible for 80% (WWF, 2020) of global deforestation. Moreover, extractive sectors including the metals and mining and oil and gas sectors have significant impact on converting ecosystems through their business activities, including land degradation or conversion of wetlands. Aligning with the SBTN interim targets to ensure zero deforestation and conversion from 2020 in all corporate supply chains, this indicator focuses on ensuring companies set targets to minimize their footprint across all relevant ecosystem realms.
Methodology
WBA analysed all publicly available group-level disclosure in English on the applicable group website, which was predominantly annual reports and sustainability reports. Draft assessments were then sent to each company inviting them to provide feedback. This feedback could include additional publicly available group disclosure published. These were then reviewed and finalised. Final assessments were then shared with each company before being published online.
For this metric the company must have targets for each high-risk commodity and/or material realms.