Definition
A global framework that helps companies set and validate emissions reduction targets in line with climate science. The Science-Based Targets initiative (SBTi) ensures businesses align their decarbonization strategies with the Paris Agreement’s goal of limiting global warming.
Why It Matters
- Ensures credibility in climate commitments by using science-based methodologies instead of vague pledges.
- Aligns corporate strategy with Net Zero goals, ensuring long-term resilience in a low-carbon economy.
- Enhances investor confidence and access to green financing as validated SBTi targets demonstrate serious decarbonization efforts.
How SBTi Works
- Commit: Companies publicly commit to setting science-based targets.
- Develop Targets: Organizations define their Scope 1, 2, and 3 emissions reduction pathways in line with SBTi’s methodologies.
- Submit & Validate: SBTi reviews the targets and provides official validation.
- Implement & Report: Companies integrate targets into operations and track progress through regular disclosures.
Further Reading
