Tag: SBTi

Unibail-Rodamco-Westfield is the first real estate company globally to validate nature-related targets using the Science Based Targets Network (SBTN) methodology, achieving a major milestone in our Better Places sustainability roadmap. The validated nature-related target(1) aims at reducing water consumption across assets located in Spain, a region facing significant water stress. It was developed with the support of WWF France, building on the long-term strategic partnership between the Group and the NGO. As part of the SBTN’s process, we completed a materiality assessment and prioritisation of our impacts on nature across…

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The Science Based Targets initiative (SBTi) has launched an updated draft of its Automotive Sector Net-Zero Standard for a second public consultation—a new framework for automakers and auto parts manufacturers seeking to set science-based targets aligned with reaching net-zero by 2050. The new draft focuses on enhancing alignment with the developing Corporate Net-Zero Standard and existing SBTi methods while providing clarity and specificity around “use of sold products” emissions and vehicle definitions. Most of the automotive sector’s emissions come from the use of the vehicles it sells, which comprise an…

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Worldwide, 10,000 companies now have validated science-based targets, demonstrating that corporate climate action continues to scale globally. The number of companies with science-based targets validated by the Science-Based Targets initiative (SBTi) globally has reached 10,000. Some of the world’s most recognizable names have set targets including the likes Arsenal Football Club, Danone, ING, Lenovo, McLaren Racing, and Ørsted. The milestone reflects the growing scale of corporate climate action across sectors and regions. Altogether, the 10,000 companies represent more than 40% of global market capitalization and include many of the world’s…

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The Science Based Targets initiative (SBTi) today announced two significant steps in its ongoing work to further strengthen governance and oversight: its approval as an ISEAL Community Member and the opening of applications for the next term of its independent Technical Council. Approval as an ISEAL Community Member demonstrates the SBTi’s commitment to continuous improvement and the ISEAL Credibility Principles for sustainability systems. As a Community Member, the SBTi will participate in ISEAL’s learning, collaboration and innovation activities to further strengthen its system over time. ISEAL is a global membership…

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