Tag: SBTi

The Forest, Land, and Agriculture (FLAG) sector is both high-impact and highly impacted by climate change, making it central to the net-zero transformation. FLAG activities account for almost a quarter of global emissions. At the same time, the sector loses around $123 billion dollars each year due to natural disasters—equivalent to 5% of global agricultural GDP. By setting science-based targets in line with the SBTi’s FLAG Guidance and defining appropriate decarbonization strategies, companies can help stabilize the climate and preserve the land on which their business depends. As part of…

Read More

Financial institutions will, for the first time, be able to set science-based targets aligned with net-zero, following the release of the Science Based Targets initiative’s (SBTi) Financial Institutions Net-Zero Standard. The Standard provides clear, actionable science-based guidance for banks, asset owners and managers, private equity firms and other financial institutions to align their lending, investment, insurance, and capital markets activities with limiting global warming and achieving net-zero by 2050 at the latest. By setting targets against the Standard, financial institutions can set a clear route to build resilience, meet evolving…

Read More

The Science Based Targets initiative (SBTi) recently launched a 60-day public consultation on its draft SBTi Automotive Sector Net-Zero Standard. The proposed Standard represents a comprehensive framework specifically designed for the automotive sector—which is responsible for over 20% of global man-made greenhouse gas emissions and vulnerable to climate related risks spanning supply chain disruption to increased investor scrutiny. The Standard is aligned with the draft Corporate Net-Zero Standard Version 2, which defines broader  cross-sector requirements. The SBTi will ensure consistency between both evolving Standards, giving companies a clear structure that…

Read More