The world today is facing multiple environmental and social challenges, and the corporate sector has a crucial role to play in addressing these issues. The Science Based Targets initiative (SBTi) is an organization that works towards a more sustainable future by helping companies set and achieve science-based targets. This article will provide an overview of the SBTi, its objectives, and the benefits of being a part of this initiative. 

What is the SBTi? 

The SBTi is a partnership between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wildlife Fund (WWF). It was established in 2015 with the aim of driving action on climate change by helping companies set science-based targets for their emissions reductions. The SBTi provides a framework for companies to set and achieve targets that are aligned with the Paris Agreement’s goal of limiting global warming to well below 2 degrees Celsius. 

Setting Science-Based Targets 

The SBTi uses a rigorous and transparent methodology to determine what constitutes a science-based target. The initiative helps companies understand what level of emissions reduction is necessary to limit global warming to 1.5 degrees Celsius, and it provides guidance on how to set targets that are in line with this goal. The SBTi also provides support to companies in the form of training, technical assistance, and a network of peers who are also working towards sustainability. 

Benefits of SBTi Membership 

Being a member of the SBTi provides companies with numerous benefits, including: 

  1. Increased visibility as a leader in sustainability 
  1. Improved reputation and credibility with customers, investors, and stakeholders 
  1. Increased motivation to reduce emissions and drive sustainability 
  1. Access to a network of peers, experts, and resources to support the development and implementation of science-based targets 

FAQs on SBTi 

What is the purpose of the SBTi? 

The purpose of the SBTi is to drive action on climate change by helping companies set science-based targets for their emissions reductions. 

Who can join the SBTi? 

Any company, regardless of size or industry, can join the SBTi. The target verification process is dependent on company size. 

What are the requirements for setting science-based targets? 

To set science-based targets, companies must first understand what level of emissions reduction is necessary to limit global warming to 2 degrees Celsius. The SBTi provides a framework for companies to set and achieve targets that are aligned with this goal. 

What are the benefits of being a member of the SBTi? 

Membership in the SBTi provides companies with increased visibility as a leader in sustainability, improved reputation and credibility with customers and stakeholders, increased motivation to reduce emissions and drive sustainability, and access to a network of peers, experts, and resources. 

Wrapping up: 

The SBTi is an initiative that is driving sustainability in the corporate world by helping companies set and achieve science-based targets. Joining the SBTi provides companies with numerous benefits and helps them to become leaders in the movement towards a more sustainable future. By setting science-based targets, companies can play a crucial role in addressing the environmental and social challenges that the world faces today.