Tag: SBTi

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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SBTi Opens Consultation on New Standard to Accelerate Automotive Industry’s Net-Zero Transition

Stuart Mitchell

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…

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SBTi launches draft Corporate Net-Zero Standard V2 for consultation

Stuart Mitchell

The Science Based Targets initiative (SBTi) recently published an initial draft of its revised Corporate Net-Zero Standard for public consultation. The draft standard sets out a science-based, innovative and pragmatic framework that enables more businesses worldwide to join the 3,000 with net-zero targets or which have committed to set them. It is informed by the latest climate science, regulation, and recognized standards and frameworks, as well as feedback from businesses about what they need to achieve the collective ambition of a net-zero future. Through public consultation, the SBTi is empowering…

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Beko Secures Science Based Targets initiative (SBTi) Validation for 1.5°C Aligned Near-Term and Net-Zero Targets

Stuart Mitchell

Beko, a global leader in home appliances, recently announced that it has received validation from the Science Based Targets initiative (SBTi) for its near and long-term net-zero science-based targets. With the targets designed to deliver ambitious and measurable action on climate change across every industry sector, validation from the SBTi represents a significant environmental milestone for both Beko and the broader home appliance space. Signed in 2016, the Paris Agreement on climate change aims to limit global warming to 1.5°C above pre-industrial levels. Established in 2015, the SBTi is having…

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