Science Based Targets initiative

The draft Corporate Net-Zero Standard V2 is now open for public consultation - and we encourage everyone to participate. 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. The feedback we gather from this and other consultations, our expert working groups and pilot testing will all inform changes ahead of the standard’s final approval. The draft standard aims to accelerate corporate decarbonization by: - Tackling barriers to scope 3, or value chain, action – the most commonly cited challenge by businesses - Maintaining focus on emissions reduction while exploring incentives to support scaling of climate finance and carbon removals - Making it easier for companies in emerging economies to set targets - Incentivizing ambition and action through new model to validate and recognize progress against targets We have a limited carbon budget left. Companies must act at pace to accelerate climate action, driving transformation, building investor confidence and unlocking long-term growth. Head over to our website to learn more about the draft standard and respond to the public consultation: https://lnkd.in/eXrDgAdJ #NetZero #Scope3 #NetZeroStandard #SBTi

Our target dashboard has been updated! There are now more than 7,500 organizations with validated science-based targets, and over 10,325 with targets or commitments to set them. Congratulations to all of these organizations for their commitment to robust, credible action to reduce greenhouse gas emissions! Head to our website for more information about the targets and commitments of all organizations setting science-based targets. https://lnkd.in/etyRUpAN #sciencebasedtargets #netzero #climateaction

We’re excited to announce that over 150 financial institutions worldwide now have validated science-based targets! Since launching the Financial Institutions Near-Term Criteria in 2020, science-based climate action in the finance sector has increased rapidly: 1) 2024 saw a nearly 50% rise in validations compared to 2023.  2) 16 financial institutions used the updated Version 2 of the Financial Institutions Near-Term Criteria to set targets. 3) ING became the first global systemically important bank to have their targets validated. 4) There are now financial institutions with validated targets in 30 countries across all continents. We’re preparing to further enable financial institution target setting through the publication of the SBTi’s first Financial Institutions Net-Zero Standard. This will help financial institutions set near- and long-term net-zero targets across lending, investing, insurance and capital markets, and introduce alignment targets. The finance sector plays a pivotal role in determining which businesses have access to capital and financial services. By setting science-based targets, financial institutions are driving transformative change across the global economy. For a deep dive into these and other milestones, check out this blog from SBTi Head of Financial Standards Nate Aden: https://lnkd.in/eee5CYc7 #FinancialInstitutions #ClimateFinance #NetZero #ScienceBasedTargets

Preparing to submit feedback on the draft Corporate Net-Zero Standard V2? We’ve created several training videos on an array of topics that will help clarify the draft’s proposed changes. These videos are designed to help viewers digest key elements of the draft while they prepare to submit feedback to the public consultation. Here are three important ones to get started with: Video 1: Scope 1 Eoin White, SBTi Research Lead, outlines the proposed changes for scope 1 emissions. Video 2: Scope 2  Emma Borjigin-Wang, SBTi Subject Matter Expert outlines proposed changes to for scope 2 emissions. Video 3: Scope 3 Split into two videos, Hugo Ernest-Jones, SBTi Value Chains Lead outlines proposed changes for scope 3 emissions. Head over to our YouTube channel to explore these and other training videos, with more coming soon: https://lnkd.in/e3QPFtMG Respond to the public consultation here: https://lnkd.in/eXrDgAdJ #NetZeroStandard #Scope1 #Scope2 #Scope3 #SBTi #ScienceBasedTargets

Reminder! Only eight days left until our webinar: ‘SBTi Draft Corporate Net-Zero Standard V2 Public Consultation: Live Q&A’ Join us on April 9th, 2025 where SBTi experts will address key questions about how the draft’s proposed changes align with businesses’ needs. Session 1: 9:00 AM (GMT) / 10:00 AM (CET) / 4:00 PM (HKT) Live translation in French and Mandarin. Register here: https://lnkd.in/eDY7ynj4 Session 2: 10:00 AM (ET) / 3:00 PM (GMT) / 4:00 PM (CET) Live translation in Spanish and Portuguese. Register here: https://lnkd.in/eJ22zi9Y To help our experts address the most relevant topics during the webinar, please submit your questions when registering. This is your chance to engage, ask questions, and gain insights you need to provide informed feedback in the public consultation. Your input will help refine the draft standard, making it both more rigorous and practical for companies worldwide. Don’t miss out—register today! https://lnkd.in/eqd9HRSN #NetZeroStandard #ScienceBasedTargets #SBTi #Webinars

New translations available for the SBTi Buildings Criteria! In order to enable more companies in the buildings sector to set science-based targets, we’ve translated the SBTi Buildings Criteria into Spanish, Portuguese, and Mandarin. These translations will help broaden access to the resources buildings companies need to set science-based targets, supporting the transformation to a net-zero buildings industry across the globe. Head over to our website to download the translated criteria and explore other useful resources supporting science-based targets in the built environment. https://lnkd.in/dwzgADup #BuiltEnvironment #BuildingsSector #SBTi #ScienceBasedTargets

We are delighted to welcome David Kennedy as the SBTi’s new CEO today. David brings decades of experience at the forefront of sustainability and net-zero strategy, and leading complex organizations to deliver impactful change. He joins SBTi from EY, where he was a Partner leading net-zero and planning for international and national businesses across banking, food, infrastructure and manufacturing. He was previously Director General of Food, Biosecurity and Trade at the UK Government’s Department for Environment, Food and Rural Affairs (Defra). David joins us at a significant time in the evolution of corporate climate action, with the Draft Corporate Net-Zero Standard V2 recently published for public consultation. If you’ve not yet had a chance to share your input you can do so here: https://lnkd.in/eu34Nwmg Under David’s leadership, we look forward to continuing to grow the SBTi’s global impact, and encouraging more companies and financial institutions worldwide to join the more than 7,400 which are leading the way by already having science-based greenhouse gas emissions reduction targets. We are grateful to Susan Jenny Ehr, who has led SBTi as Interim CEO prior to the commencement of David’s role. Sue will remain with the SBTi as Strategic Advisor to ensure a smooth transition. Find out more about David here: https://lnkd.in/e6uH_tBt #NetZero #NetZeroStandard #SBTi

Our target dashboard has been updated! There are now more than 7,465 organizations with validated science-based targets, and over 10,295 with targets or commitments to set them. Congratulations to all of these organizations for their commitment to robust, credible action to reduce greenhouse gas emissions! Head to our website for more information about the targets and commitments of all organizations setting science-based targets. https://lnkd.in/etyRUpAN #sciencebasedtargets #netzero #climateaction

The March edition of our newsletter is here! This month’s edition contains: 1) The announcement of our draft Corporate Net-Zero Standard V2 public consultation 2) Videos, blogs, and resources to help you understand the new draft 3) Important reading for companies in the FLAG sector regarding our no-deforestation policy  4) A call for experts to help shape our timber and wood fiber pathway And more! Read the newsletter below, and if you’d like to receive even more updates from the SBTi to your inbox, join our mailing list: https://lnkd.in/e9zTF7ni #SBTi #sciencebasedtargets #netzero #newsletters

Help companies in the timber, paper and forestry sector to set science-based targets! We’re calling for experts to contribute to the revision of the timber and wood fiber pathway included in the FLAG Target-Setting Tool. The revision will help companies across the forest and paper products sector - and those reliant on wood-derived products - to set ambitious science-based targets to reduce land-based emissions. There are two ways get involved: 1) Become a technical partner: The technical partner will conduct research, data analysis and resource development for the project. Independent contractors, academic institutions, and consultancy firms with expertise in greenhouse gas accounting, forestry emissions, and climate target-setting are invited to apply for this role. Submit your applications by March 17, 2025. 2) Join the expert working group: We’re also calling for subject matter experts to join the expert working group (EWG) for this project. EWG members will provide technical advice over the project’s duration, helping to ensure the updated pathway is practical and ambitious. Experts are invited to apply no later than April 21, 2025. This is an important opportunity to help shape the future of the forestry industry. By becoming a technical partner or an EWG member, you will help empower businesses with the tools they need to lead the transformation to a sustainable and nature-positive future. Head over to our website to learn more about the timber and wood fiber pathway revision and submit: https://lnkd.in/ee7yydCY #FLAG #SBTi #ScienceBasedTargets #Timber #WoodFiber