SCIENCE BASED TARGETS NETWORK The purpose of SBTs

SCIENCE BASED TARGETS NETWORK

The purpose of SBTs Enabling companies and cities to align their efforts with science, to ensure they’re doing their part for an equitable, net-zero, and nature-positive future SCIENCE BASED TARGETS NETWORK

SBTs are a net-zero, nature-positive pathway for business Climate + Nature SCIENCE BASED TARGETS NETWORK

We do not have time to focus on only one issue, we must find solutions that can tackle many Halting global warming Preserving Supporting Preserving and Securing healthy, freshwater biodiversity regenerating diverse oceans resources and ecosystem land systems water security services SCIENCE BASED TARGETS NETWORK

Climate and nature ambition loops SCIENCE BASED TARGETS NETWORK

Who we are SCIENCE BASED TARGETS NETWORK

Linking SBTs for nature to social and economic development goals SCIENCE BASED TARGETS NETWORK

Our first step: initial guidance on sciencebased targets (SBTs) for nature The guidance has been produced in consultation with: 65+ 14 65+ global environmental organizations, companies, and consultancies Including 14 companies 22 $1. 1 T From 22 countries With a combined market cap of $1. 1 trillion SCIENCE BASED TARGETS NETWORK

SCIENCE BASED TARGETS NETWORK

Step 4 - Act SBTN’s Action Framework AR 3 T SCIENCE BASED TARGETS NETWORK

5 step process of SBTs for nature SCIENCE BASED TARGETS NETWORK

Sample targets* Topic Use Change (Land) Resource Exploitation (Freshwater) Illustrative target Reduce to X by 2030 activities causing deforestation / conversion in your supply chain By 2030, reduce water use in high water impact parts of the value chain by x% Resource Exploitation (Ocean) Avoid sourcing from fisheries with stocks outside biologically sustainable levels Climate Change (Cross-Realm) Reduce value chain GHG emissions by X% by 2030 Climate Change (Land) After prioritizing GHG reductions, remove X tons CO 2 by 2030 through forest landscape restoration Ecosystems (Land) Regenerate ecological integrity in supply chain by ensuring X% ecological focus areas per km 2 for all sourced agricultural inputs Ecosystems (Land) Increase soil organic C by X%/year through restoration and regeneration in critical value chain sourcing locations by 2030 Ecosystems (Cross-Realm) Species (Cross-Realm) Through restoration, increase the area, connectivity and integrity of natural ecosystems by X% by 2030 Avoid sourcing from areas of high species extinction risk Reduce by X% extinction threat to species *This interim list of targets is a subset of a broader table available in the guidance Annex. Examples are chosen for illustrative purposes--not to denote relative importance. SCIENCE BASED TARGETS NETWORK

Next Steps on Corporate Engagement Join Corporate Engagement Program SCIENCE BASED TARGETS NETWORK

Benefits of participation Co-create Share Get insight Learn Give feedback into design for more user-friendly, cost effective methods & tools Into cutting-edge science and approaches to science-based targets for nature Your experiences, demonstrating alignment with SBTN’s vision and goals Join webinars on various topics for participant community to address common questions Prioritize SBTN guidance offers tools & approaches to help companies understand & prioritize action on nature SCIENCE BASED TARGETS NETWORK

Minimum requirements to participate Getting started Sign up on the SBTN website Within one week Submit signed pledge, terms of use & logo Within one month 1. 2. Pay nominal one-time fee* Review initial guidance for companies on SBTs for nature, and provide feedback Within one year Conduct step one of the initial guidance (value chain mapping/materiality assessment), and provide feedback ** *Fee (no cost for industry coalitions): Under $50 m revenue: $500; $50 m – $1 bn: $1000; Over $1 bn: $2000 **Companies and consultancies only Annually Promote SBTN both internally and externally, and report on activity SCIENCE BASED TARGETS NETWORK

www. sciencebasedtargetsnetwork. org The Science Based Targets Network is part of the Global Commons Alliance , a network of organizations, businesses and governments aiming to SCIENCE positively transform the TARGETS world’s economic systems and protect the global commons. BASED NETWORK

Appendix SCIENCE BASED TARGETS NETWORK

Ursus Nourishment Step 1: Assess 1 a) Sector-level screening 1 b) Value chain hotspot assessment 1 c) Refinement of data Findings: ● Company falls under the ‘Consumer Staples - Food Retail’ likely will have targets on ○ land/sea use and use change ○ resource exploitation ○ climate change ○ pollution ● Additional material issue--conversion of natural grassland in Brazil SCIENCE BASED TARGETS NETWORK

Ursus Nourishment Step 2: Interpret & Prioritize ● Use prioritization criteria to narrow in on locations based on hotspot map Findings - key hotspot areas: ● Spain ● USA ● Brazil Key point in prioritizing: ● Approaches in the three places will differ due to capacity of the value chain partners ○ Spain: Ursus’ headquarters, direct influence and control ○ USA: Ursus’ partners are active in the sustainability space ○ Brazil: Ursus’ partners are interested, but underfunded SCIENCE BASED TARGETS NETWORK

Ursus Nourishment Step 3: Measure, Set & Disclose Measure & Set: ● Baseline data collection on conversion and deforestation, site-level water use and emissions Set: ● Based on steps 1 and 2, set targets on a) land use and land use change, b) freshwater ecosystem use, c) water resource exploitation, d) pollution (air, water, solid waste) and e) emissions Disclose: ● Publish on their company’s website ● Include in Ursus’s annual sustainability report ● Provide annual updates on progress publicly SCIENCE BASED TARGETS NETWORK

Ursus Nourishment Step 4: Act Target Examples: Land/water/sea use change: ● Action 1: Avoid any further conversion of terrestrial, freshwater or marine ecosystems throughout the value chain. ● Action 2: In sourcing sites, commit to explore regenerative agricultural practices in partnership with suppliers Resource exploitation: ● Action 3: Water withdrawal limits adjusted for seasonal availability. ● Action 4: New technologies to increase efficiency of use. Climate change: ● Action 5: Renewable energy for 100% of production facilities and pursue aggressive energy efficiency and conservation ● Action 6: Initiate a fund for research and development into new technologies and practices SCIENCE BASED TARGETS NETWORK

Ursus Nourishment Step 5: Track One year later: ● Progress against targets monitored at company and ecosystem level ● Closer to achieving targets through collaboration with local stakeholders ● Ursus remains ahead of the curve on impending policy changes in the USA and Brazil and on new developments in disclosure standards SCIENCE BASED TARGETS NETWORK

Sector-level materiality assessment SCIENCE BASED TARGETS NETWORK

SCIENCE BASED TARGETS NETWORK

The Global Commons Alliance SCIENCE BASED TARGETS NETWORK

SBTN builds on SBTi’s work The Science Based Targets Initiative (SBTi) focuses on climate change and companies. The Science Based Targets Network (SBTN) is expanding to nature and cities in addition to companies. SCIENCE BASED TARGETS NETWORK

Spheres influence and control SCIENCE BASED TARGETS NETWORK

SCIENCE BASED TARGETS NETWORK

What’s next? Engage with SBTN to develop & finalize methods ● ● Register on our website Share your experiences in testing the guidance Where possible, measure and set targets ● ● ● Begin gathering data ● ● Measure impacts and dependencies on nature with proposed indicators and disclose Set SBTs or targets where methods exist: climate, land use, freshwater and ecosystem regeneration Integrate SBTN’s principles into your operations Start transforming your business Use recommended tools to gather data on your value chain impacts and dependencies Collaborate with other stakeholders within your value chain or the landscapes/seascapes where you operate ● ● Commit to ambitious, high-level goal for nature at your company Support nature-friendly policy, by committing to businessfornature. org SCIENCE BASED TARGETS NETWORK

Corporate engagement platform • • • To be launched end of October Will enable companies to co-design and test SBTN tools and methods during design phase Register your interest on the SBTN website SCIENCE BASED TARGETS NETWORK