Tag: Science Based Targets initiative (SBTi)

SBTi Calls on Companies to Test Draft Automotive Sector Net-Zero Standard

Stuart Mitchell

The Science Based Targets initiative (SBTi) is inviting automakers and auto parts manufacturers to pilot test its draft Automotive Sector Net-Zero Standard—a unique opportunity to demonstrate credible climate leadership and a key step to help shape the industry’s pathway to net-zero emissions. The draft Automotive Sector Net-Zero Standard is a new, comprehensive framework designed for automakers and auto parts manufacturers to set greenhouse gas emissions reduction targets in line with what is needed to achieve net-zero emissions by 2050 at the latest. It builds on key elements of the Land…

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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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SHEIN’s Science-Based Net-Zero Target is Approved by SBTi

Stuart Mitchell

Fast fashion retailer Shein’s parent company has had its new emissions reduction targets verified by the Science Based Targets initiative (SBTi). It set out some of its plans to cut Scope 3 emissions on their website here. As a global online fashion and lifestyle retailer, we have reached a milestone in our climate journey with the Science Based Targets initiative (SBTi) validating our net-zero science-based target by 2050 and approving our near and long-term science-based emissions reduction targets. Our climate targets have been validated to conform with the SBTi Net-Zero…

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ING’s climate targets validated by the Science Based Targets initiative (SBTi)

Stuart Mitchell

ING have announced that the Science Based Targets initiative (SBTi) has validated their climate targets to reduce greenhouse gas emissions in their own operations and in their client portfolio. In their client portfolio, the SBTi validated the fossil fuel, power generation, cement, steel, automotive, aviation, and commercial real estate sector targets. The article from their website is below: The SBTi has concluded that the emission reduction targets – which we use to steer our climate goals – are in line with the latest science and the goal of limiting global…

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Help Shape the Future of Target Setting: The SBTi Opens Applications to Pilot its Chemicals Sector Criteria

Stuart Mitchell

The Science Based Targets initiative (SBTi) is calling on companies from across the chemicals industry to pilot test its Draft Chemicals Sector Target-Setting Criteria and Tool. This is a key step in the development of this framework to drive the decarbonization of one of the world’s most significant emitting sectors. Chemicals companies are invited to participate in SBTi’s pilot phase to test and help shape the Chemicals Sector Target-Setting Criteria and Tool. As part of the development process and in line with the Standard Operating Procedure for Development of SBTi…

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