Tag: SBTi

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,…

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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…

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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…

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227% jump in companies setting comprehensive climate targets as corporate climate planning accelerates

Stuart Mitchell

The Science-Based Targets initiative (SBTi) today published the SBTi Trend Tracker – the first in a new approach to exploring key SBTi data insights – finding that the number of companies setting near-term science-based targets has nearly doubled (97% growth) in just 18 months, while businesses going further in their ambition by setting both near-term and net-zero targets more than tripled (227% growth) across the same period. The trend toward comprehensive climate ambition is reflected in the rapidly rising proportion of corporates with both near-term and net-zero targets. At the…

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The SBTi opens net-zero standard for finance industry

Stuart Mitchell

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…

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