Tag: SBTi

The SBTi Enables Automakers to Align Emissions from Vehicles with 1.5°C

Stuart Mitchell

The Science Based Targets initiative (SBTi), an international organization enabling ambitious climate action from the private sector, has recently released an updated guidance for land vehicles, including a new method for automakers to set 1.5°C emissions reduction targets. For the first time, this updated guidance aligns automakers’ largest source of emissions – scope 3 category 11 ‘use phase’ i.e. those from driving vehicles – with 1.5°C, and includes a pledge to work towards the phase out of petrol and diesel for cars and vans by 2035 in leading markets including…

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Sainsbury’s accelerates its emission reduction commitments, validated by the Science Based Targets initiative (SBTi)

Stuart Mitchell

Sainsbury’s has revealed its ambitious new targets for decreasing its greenhouse gas (GHG) emissions. These have been verified by the Science Based Targets initiative (SBTi), the global body that sets requirements for and approves emission reduction targets. Back in 2020, Sainsbury’s was one of the first UK retailers to set SBTi validated targets. The retailer had previously committed to reducing its absolute scope 1 and 2 emissions by 50% by 2030 but has now pledged a 68% reduction within the same time frame*. Sainsbury’s scope 3 emission reduction target of…

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The SBTi launches open call for Validation Council members

Stuart Mitchell

The SBTi has launched its open call for Validation Council members to oversee the governance of target validation as the SBTi continues to develop its validation entity. The SBTi announced its demerger from its partner organizations and the separation of standard-setting and validation in September 2023. Demand for validation services has risen consistently, with the total number of companies with validated targets doubling again in 2024. This has prompted the rapid scale-up of validation services, which increased validation numbers while halving average waiting times. The SBTi is looking for five…

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Maersk becomes first to have climate targets validated by SBTi under the new Maritime Guidance

Stuart Mitchell

A.P. Moller – Maersk´s (Maersk) greenhouse gas emissions targets have been validated by the Science Based Targets initiative (SBTi) to be in line with the 1.5-degree pathway from the Paris Agreement. This marks an industry first under SBTi’s new Maritime Guidance. While Maersk continues to aim for Net-Zero* greenhouse gas (GHG) emissions for the entire business in 2040 with significant milestones for 2030, the validated targets include new specific and absolute targets to reduce emissions from Maersk’s own operations and across its supply chains (covering all scope 1, 2 and…

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SBTi doubles corporate climate validations in one year as scale up gathers pace

Stuart Mitchell

The number of companies and financial institutions setting greenhouse gas (GHG) reduction targets and having them validated by the Science Based Targets initiative (SBTi) doubled in 2023 (up from 2,079 in 2022). This extraordinary demand for corporate decarbonization standards and target validation services has prompted a major scale-up operation to quickly develop a broader range of trusted, credible, emissions reduction standards and increase capacity for validating companies’ targets, while aiming for the highest level of service excellence for companies and financial institutions. Several months after the Science Based Targets initiative…

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