Tag: SBTi

SCHOTT Pharma advances climate action with updated science-based climate targets

Stuart Mitchell

SCHOTT Pharma, a pioneer in drug containment solutions and delivery systems, reaffirms its commitment to science-based climate action following the validation of SCHOTT Group’s updated climate targets by the Science Based Targets initiative (SBTi). The company will continue to contribute to achieving these targets as part of its sustainability strategy. “While our commitment to climate action remains unchanged, the updated Scope 3 emissions target enables us to prioritize actions in a more impact-oriented way and focus on the emission reductions that matter most across our value chain,” said Reinhard Mayer,…

Read More

The SBTi releases Corporate Net-Zero Standard V2.0 to accelerate corporate climate action

Stuart Mitchell

The Science Based Targets initiative (SBTi) has published its Corporate Net-Zero Standard Version 2.0, marking an evolution for corporate climate action and underscoring the SBTi’s strategic shift as an implementation partner. As the most comprehensive SBTi Standard to date, it is designed to drive real-world business transformation by embedding science-based targets into core decision-making across operations, value chains and capital allocation. It maintains scientific integrity while ensuring credible climate action guidance is practical and accessible for companies at every stage of the net-zero transition, enabling more companies worldwide to manage…

Read More

Industry-first nature-related target validated under SBTN

Stuart Mitchell

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…

Read More

SBTi launches new public consultation on updated Automotive Net-Zero Standard draft

Stuart Mitchell

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…

Read More

Corporate climate action momentum builds as SBTi reaches 10,000 companies with validated targets

Stuart Mitchell

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…

Read More