Some of Europe’s biggest companies are participating in the pilot, including the luxury conglomerate Kering and LVMH, the fast fashion retailer H&M, the food and drink giant Nestlé, and AB-InBeV, the world’s largest brewer. A number of US companies applied to the pilot program, but they were found to be short of the maturity level needed for the pilot. The selection criteria included readiness, representation, and impact on nature.

“All pilot companies have a significant impact on nature” said Erin Billman, executive director of the Science Based Targets Network. The companies participating in the pilot are headquartered in 10 countries in Europe and Asia. But since some of these targets involve multiple parts of the supply chain, their impact is expected to be felt across all the areas of the world where the companies operate. “We anticipate that a good portion of their target setting will be more geographically distributed than that,” said Billman.


Results from the pilot are expected to be released in late 2023 or early 2024, and more companies will be able to start submitting their targets for review in 2024.

By the digits: the world’s biodiversity challenge

48: Percentage of species on Earth whose population size is declining

188: The number of countries that signed up to the COP15 agreement to halt and reverse nature loss


42,100: The number of species on Earth that are threatened with extinction

30x30: The target set in the COP15 agreement, to protect and preserve 30% of lands, freshwater, and sea by 2030


55: Percentage of world’s GDP highly dependent on nature

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