By CEMAsys
Introduction tothe Science-Based Targets Initiative (SBTi)
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.
Benefits of SBTi Membership
Being a member of the SBTi provides companies with numerous benefits, including:
- Increased visibility as a leader in sustainability
- Improved reputation and credibility with customers, investors, and stakeholders
- Increased motivation to reduce emissions and drive sustainability
- Access to a network of peers, experts, and resources to support the development and implementation of science-based targets
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.
FAQs on SBTi
The purpose of the SBTi is to drive action on climate change by helping companies set science-based targets for their emissions reductions.
Any company, regardless of size or industry, can join the SBTi. The target verification process is dependent on company size.
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.
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.
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CEMAsys consultants have a long track record of assisting companies with SBTi. They combine top expertise and deep industry knowledge to ensure your company’s success.