Science Based Targets initiative
Established | 2015 |
---|---|
CEO | Luiz Amaral, WRI |
Staff | 85 |
Website | sciencebasedtargets.org |
The Science Based Targets initiative (SBTi) is a collaboration between the CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), with a global team composed of people from these organisations.[1] Since 2015, more than 1,000 companies have joined the initiative to set a science-based climate target.[2]
Organization
The Science Based Targets initiative was established in 2015
Sector-specific guidance
SBTi developed separate sector-specific methodologies, frameworks and requirements for different industries. As of April 2024, sector guidance[9] is available for:
- Aluminium (Scoping phase)
- Apparel and footwear (Finalized)
- Aviation (In development)
- Buildings (In development)
- Chemicals (In development)
- Cement(Finalized)
- Financial institutions (Finalized)
- Forest, Land and Agriculture (Finalized)
- Information and Communication Technology (Finalized)
- Land transport (In development)
- Maritime (Finalized)
- Oil and Gas(In development)
- Power (Finalized)
- Steel(Finalized)
Controversy
In April 2024 the SBTi Board of Trustees released a statement[10] setting out an intention to permit the use of environmental attribute certificates (EACs) for abatement purposes against Scope 3 emissions reduction targets. SBTi did not previously permit the use of EACs due to the difficulties faced in tracing, measuring and validating their impact.[11]
Launched in September 2022, the SBTi's Forestry, Land and Agriculture (FLAG) guidance
See also
- Carbon accounting
- Carbon Disclosure Project
- Carbon footprint
- Carbon neutrality
- Carbon offsets and credits
- Corporate sustainability
- Climate change
- Greenhouse gas emissions
- Greenhouse gas inventory
- Net zero emissions
- Paris Agreement
- United Nations Global Compact
- World Resources Institute
References
- ^ Science Based Targets, Partner organizations, accessed 2 December 2021
- ^ "30+ target-setting firms reduce emissions by a quarter in five years".
- ^ a b Real Sustainability, Science Based Targets for Financial Institutions, accessed 2 December 2021
- ^ "Set Science-Based Emission Reduction Targets".
- ^ "Lead the way to a low-carbon future".
- ^ "Funders".
- ^ "SBTi Launches World-First Net-Zero Corporate Standard".
- ^ "For corporate net zero targets, focus on the big picture".
- ^ "Sector-specific projects". sciencebasedtargets.org. Science Based Targets Initiative (SBTi).
- ^ "Statement from the SBTi Board of Trustees on use of environmental attribute certificates, including but not limited to voluntary carbon markets, for abatement purposes limited to scope 3". Science Based Targets initiative. 9 April 2024. Retrieved 18 April 2024.
- ISSN 0261-3077. Retrieved 2024-04-18.
- ^ "Principles for the Development of International Standards, Guides and Recommendations". wto.org. World Trade Organization (WTO).
- ^ Suppan, Steve. "Science Based Targets Initiative board undermines integrity of its corporate climate standard". iatp.org. The Institute for Agriculture and Trade Policy (IATP). Retrieved 22 April 2024.
- ^ "Read the leaked protest letter from SBTi staff angry over new carbon offset policy | GreenBiz". www.greenbiz.com. Retrieved 2024-04-18.
- .
- ^ "Forests, Land and Agriculture". Science Based Targets. Retrieved 2024-04-23.
- ^ "Corporate Climate Responsibility Monitor 2023". newclimate.org. The New Climate Institute.
- ^ "Net Zero Guidelines". iso.org. International Organization for Standardization.