Tag: SBTi

Morrisons strengthens climate commitment with new SBTi-validation and expands scope of net zero targets

Stuart Mitchell

Morrisons has announced a significant strengthening of its climate commitments, with a new set of near and long-term science-based emissions reduction targets that have been formally approved by the Science Based Targets initiative (SBTi). Morrisons new 2050 net zero target covers the entire value chain including emissions from agriculture and land use sources. The targets align with global best practice under the Paris Agreement’s 1.5°C pathway. As part of its revised science-based pathway, Morrisons has committed to reduce its Scope 1 and 2 emissions by 80% by 2035, and by…

Read More

SBTi releases second draft corporate net-zero standard V2 for consultation

Stuart Mitchell

The Science Based Targets initiative (SBTi) has released a second draft of its revised Corporate Net-Zero Standard for public consultation. Informed by feedback from the first public consultation and expert working groups, the updated draft reinforces scientific integrity while improving clarity, actionability, and usability—helping businesses translate science-based ambition into credible action. The draft Standard aims to accelerate corporate decarbonization by: Making science-based climate action more accessible and actionable to empower more companies to set and implement ambitious targets and deliver measurable progress. Bringing forward a stronger, more inclusive framework, with…

Read More

9 in 10 companies say science-based targets deliver positive business impact

Stuart Mitchell

A new SBTi report finds science-based targets boost business performance across four key measures of competitive advantage: strategic cohesion, stakeholder confidence, financial performance and climate impact. Science-based targets are delivering measurable business value for companies navigating evolving regulation, investor scrutiny, and turbulent markets, according to a new global report from the Science Based Targets initiative (SBTi). The Impact of Setting Science-Based Targets on Businesses report—drawing on a survey of 171 companies with validated targets and 22 studies—finds that 91% of companies report overall positive business impacts, particularly in strategic cohesion,…

Read More

The SBTi publishes the first ever register of certified science-based target setting experts

Stuart Mitchell

The SBTi has published the world’s first register of science-based target setting experts, who have completed a certification process through the SBTi Academy. The Science-Based Targets initiative (SBTi) has published the world’s first register of science-based target setting experts. To gain certification, the SBTi Certified Experts have progressed through a rigorous seven-part assessment process to demonstrate their advanced proficiency in areas like greenhouse gas inventory assessment and modelling targets. The certification confirms a level of skill that could help businesses navigate the nuances and technicalities of science-based target setting more…

Read More

SBTi Opens Consultation on Urgent Updates to Forest, Land, and Agriculture (FLAG) Criteria

Stuart Mitchell

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