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How does SBTi validate targets?

The SBTi Criteria for Near-term Targets outline the minimum qualitative and quantitative criteria for near- term targets to be recognized by the SBTi. The validation team reviews the Target Submission Form and associated documents to ensure that all criteria are met for any target submission to be approved.

What is an SBTi goal?

The Science Based Targets initiative (SBTi) mobilizes the private sector to take urgent climate action. By guiding companies in science-based target setting, we enable them to tackle global warming while seizing the benefits and boosting their competitiveness in the transition to a zero-carbon economy.

What is SBTi target setting?

Setting a science-based target is a five-step process: Commit: submit a letter establishing your intent to set a science-based target. Develop: work on an emissions reduction target in line with the SBTis criteria. Submit: present your target to the SBTi for official validation.

How does SBTi validate targets?

The SBTi Criteria for Near-term Targets outline the minimum qualitative and quantitative criteria for near- term targets to be recognized by the SBTi. The validation team reviews the Target Submission Form and associated documents to ensure that all criteria are met for any target submission to be approved.

How do you set emission reduction targets?

It is recommended that reported targets adhere to the following best practices: Targets should include a base year and the target year. Targets should be aggressive. Targets should be for an absolute reduction in GHG emissions. Targets should cover global operations in their geographic boundaries.

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What does SBTi stand for in sustainability?

The Science Based Targets initiative (SBTi): Defines and promotes best practices in emissions reductions and net-zero targets in line with climate science. Provides target setting methods and guidance to companies to set science-based targets in line with the latest climate science.

How do I submit a target to SBTi?

A step-by-step process Commit Submit a letter establishing your intent to set a science-based target. Develop Work on an emissions reduction target in line with the SBTis criteria. Submit Present your target to the SBTi for official validation. Communicate Announce your target and inform your stakeholders.

What is SBTi targets?

The Science Based Targets initiative (SBTi): Defines and promotes best practice in emissions reductions and net-zero targets in line with climate science. Provides technical assistance and expert resources to companies who set science-based targets in line with the latest climate science.

What are the SBTi renewable energy targets?

The SBTi has identified 80% renewable electricity procurement by 2025 and 100% by 2030 as thresholds (portion of renewable electricity over total electricity use) for this approach in line with the recommendations of RE100.

What is the difference between SBTi and TCFD?

SBTi-FI enables an FI to use GHG metrics to define rigorous, credible and meaningful portfolio decarbonization targets. TCFD recommendations support an FI to contextualize GHG metrics and targets within broader physical and transition risks considerations.

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