Biodiversity Credits Rejected by ESG Body in New Guidelines 

For global companies newly concerned about their impact on plants and animals, an influential standards-setting body has barred one of the easiest remedies: so-called biodiversity offsets, which allow firms to counterbalance their environmental impact in one place with conservation efforts elsewhere.

The Science Based Targets Network, a sibling organization to the emissions-focused Science Based Targets initiative, has released guidance for companies looking to establish “nature targets,” or plans to reduce negative effects on the natural world.