Science based targets initiative (SBTi)
Standards
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SBTi FEATURES
What Is It
Introduction
The Science Based Targets initiative (SBTi) is a partnership between the Carbon Disclosure Project (CDP), the World Resources Institute (WRI), the World Business Council for Sustainable Development (WBCSD), and the United Nations Global Compact (UNGC). The SBTi works with companies to set science-based targets for their greenhouse gas emissions.
Science-based targets are emissions reduction targets that are in line with what is needed to limit global warming to 1.5°C or 2°C. The SBTi uses a rigorous methodology to assess whether a target is science-based.
To date, the SBTi has validated over 1,000 science-based targets from over 700 companies. These companies represent a wide range of industries and sectors, and they are located in over 60 countries.
The SBTi is a valuable tool for companies that are committed to reducing their greenhouse gas emissions. By setting science-based targets, companies can ensure that their emissions reductions are aligned with the latest climate science. This can help companies to avoid costly climate risks and to seize opportunities in the low-carbon economy.
The SBTi is also a valuable tool for investors. By investing in companies that have set science-based targets, investors can help to ensure that their portfolios are aligned with the goals of the Paris Agreement.
The SBTi is a growing movement, and it is expected to have a significant impact on the global effort to reduce greenhouse gas emissions. By working together, companies, investors, and policymakers can help to build a more sustainable future.
Here are some of the benefits of setting science-based targets:
- Reduced risk:Companies that set science-based targets are better protected from the financial risks of climate change.
- Increased brand value:Companies that set science-based targets are seen as more responsible and sustainable by consumers and investors.
- Improved decision-making:Companies that set science-based targets have a clear roadmap for reducing their emissions and mitigating climate risks.
- Collaboration:Companies that set science-based targets can collaborate with other companies and organizations to share best practices and accelerate the transition to a low-carbon economy.
If you are interested in setting science-based targets for your company, you can learn more about the SBTi on their website.
The SBTi’s objective is to accelerate the transition to a low-carbon economy by helping companies set ambitious science-based targets for their greenhouse gas emissions. The SBTi believes that by working together, companies, investors, and policymakers can help to build a more sustainable future.
The SBTi has three main objectives:
- To help companies set science-based targets for their greenhouse gas emissions.
- To mobilize capital to support the transition to a low-carbon economy.
- To raise awareness of the importance of science-based targets.
The SBTi has a number of tools and resources to help companies set science-based targets, including:
- A methodology for assessing whether a target is science-based.
- A target setting tool.
- A guidance document for companies.
- A network of experts who can provide support.
The SBTi also works with investors to mobilize capital to support the transition to a low-carbon economy. The SBTi has a number of initiatives to encourage investors to invest in companies that are setting science-based targets, including:
- A list of companies that have set science-based targets.
- A rating system for companies that have set science-based targets.
- A network of investors who are committed to investing in companies that are setting science-based targets.
The SBTi also works to raise awareness of the importance of science-based targets. The SBTi does this through a number of channels, including:
- A website.
- A blog.
- A newsletter.
- A social media presence.
The SBTi is a valuable tool for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future. By working with the SBTi, companies can set ambitious science-based targets, mobilize capital, and raise awareness of the importance of climate action.
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Criteria Standards levels
The Science Based Targets initiative (SBTi) is a partnership between the Carbon Disclosure Project (CDP), the World Resources Institute (WRI), the World Business Council for Sustainable Development (WBCSD), and the United Nations Global Compact (UNGC). The SBTi works with companies to set science-based targets for their greenhouse gas emissions.
Science-based targets are emissions reduction targets that are in line with what is needed to limit global warming to 1.5°C or 2°C. The SBTi uses a rigorous methodology to assess whether a target is science-based.
To date, the SBTi has validated over 1,000 science-based targets from over 700 companies. These companies represent a wide range of industries and sectors, and they are located in over 60 countries.
The SBTi has three levels of criteria and standards for science-based targets:
- 5°C aligned:Targets that are consistent with limiting global warming to 1.5°C with high confidence.
- 2°C aligned:Targets that are consistent with limiting global warming to 2°C with high confidence.
- In transition:Targets that are consistent with limiting global warming to 2°C with medium confidence.
To be considered science-based, a target must meet all of the following criteria:
- It must cover all direct and indirect greenhouse gas emissions (Scope 1, 2, and 3).
- It must be absolute, not intensity-based.
- It must be time-bound, with a start and end date.
- It must be ambitious, requiring significant reductions in emissions.
- It must be credible, with a clear plan for how it will be achieved.
The SBTi also has a number of standards that companies must meet in order to have their targets validated. These standards include:
- Transparency: Companies must disclose their targets and progress in achieving them.
- Robustness: Companies must use a rigorous methodology to set their targets.
- Alignment: Companies must demonstrate that their targets are aligned with the SBTi criteria.
The SBTi is a valuable tool for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future. By working with the SBTi, companies can set ambitious science-based targets, mobilize capital, and raise awareness of the importance of climate action.
Here are some additional details about the SBTi criteria and standards levels:
1.5°C aligned: Targets that are consistent with limiting global warming to 1.5°C with high confidence are the most ambitious type of science-based target. These targets require companies to reduce their emissions significantly, in line with the latest climate science.
2°C aligned: Targets that are consistent with limiting global warming to 2°C with high confidence are still ambitious, but they are not as stringent as 1.5°C aligned targets. These targets are still important, as they can help to reduce greenhouse gas emissions and mitigate the effects of climate change.
In transition: Targets that are consistent with limiting global warming to 2°C with medium confidence are targets that are still under development. These targets may not be as ambitious as 1.5°C aligned or 2°C aligned targets, but they are still a step in the right direction.
The SBTi is a valuable tool for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future. By working with the SBTi, companies can set ambitious science-based targets, mobilize capital, and raise awareness of the importance of climate action.
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Different (SBTi) Certifications
The Science Based Targets initiative (SBTi) is a partnership between the Carbon Disclosure Project (CDP), the World Resources Institute (WRI), the World Business Council for Sustainable Development (WBCSD), and the United Nations Global Compact (UNGC). The SBTi works with companies to set science-based targets for their greenhouse gas emissions.
Science-based targets are emissions reduction targets that are in line with what is needed to limit global warming to 1.5°C or 2°C. The SBTi uses a rigorous methodology to assess whether a target is science-based.
To date, the SBTi has validated over 1,000 science-based targets from over 700 companies. These companies represent a wide range of industries and sectors, and they are located in over 60 countries.
The SBTi offers three levels of certification for companies that have set science-based targets:
- Validated:Targets that have been assessed by the SBTi and found to be in line with the SBTi criteria.
- Approved:Targets that have been assessed by the SBTi and found to be consistent with the SBTi criteria, but not in line with them.
- In process:Targets that are in the process of being assessed by the SBTi.
To be certified by the SBTi, a company must meet all of the following criteria:
- It must have set science-based targets.
- It must have disclosed its targets and progress in achieving them.
- It must have a robust plan for achieving its targets.
- It must be transparent about its targets and progress in achieving them.
The SBTi certification is a valuable asset for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future. The certification demonstrates to investors, customers, and other stakeholders that the company is taking climate action seriously.
Here are some additional details about the SBTi certifications:
Validated: Validated targets are the most stringent type of SBTi certification. These targets have been assessed by the SBTi and found to be in line with the SBTi criteria. Validated targets are a strong signal to investors, customers, and other stakeholders that the company is taking climate action seriously.
Approved: Approved targets are less stringent than validated targets, but they are still a valuable asset for companies. Approved targets have been assessed by the SBTi and found to be consistent with the SBTi criteria. Approved targets demonstrate to investors, customers, and other stakeholders that the company is taking climate action seriously, but they may not be as ambitious as validated targets.
In process: Targets that are in the process of being assessed by the SBTi are not yet certified, but they are still a step in the right direction. Companies that are working towards setting science-based targets can demonstrate their commitment to climate action by becoming an SBTi Aspirant.
The SBTi certification is a valuable asset for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future. The certification demonstrates to investors, customers, and other stakeholders that the company is taking climate action seriously.
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Registration and Rating Procedure
The SBTi registration and rating procedure is as follows:
Registration: Companies that are interested in setting science-based targets must first register with the SBTi. This can be done online at the SBTi website.
Target setting: Once a company has registered, it can begin the process of setting science-based targets. The SBTi provides a number of resources to help companies set science-based targets, including a target setting tool and a guidance document.
Assessment: Once a company has set science-based targets, it can submit them to the SBTi for assessment. The SBTi will assess the targets against its criteria and standards.
Validation: If the SBTi finds that a company’s targets are in line with its criteria, it will validate the targets. Validated targets are a strong signal to investors, customers, and other stakeholders that the company is taking climate action seriously.
Approval: If the SBTi finds that a company’s targets are consistent with its criteria, but not in line with them, it will approve the targets. Approved targets demonstrate to investors, customers, and other stakeholders that the company is taking climate action seriously, but they may not be as ambitious as validated targets.
In process: Targets that are in the process of being assessed by the SBTi are not yet certified, but they are still a step in the right direction. Companies that are working towards setting science-based targets can demonstrate their commitment to climate action by becoming an SBTi Aspirant.
The SBTi registration and rating procedure is a valuable tool for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future. The procedure helps companies to set ambitious science-based targets, and it provides a clear path to certification.
Here are some additional details about the SBTi registration and rating procedure:
Registration:
To register with the SBTi, companies must complete an online registration form. The registration form asks for basic information about the company, such as its name, industry, and location.
Target setting:
Once a company has registered, it can begin the process of setting science-based targets. The SBTi provides a number of resources to help companies set science-based targets, including a target setting tool and a guidance document.
The target setting tool is a step-by-step guide that helps companies to set science-based targets. The guidance document provides more detailed information about the SBTi criteria and standards.
Assessment:
Once a company has set science-based targets, it can submit them to the SBTi for assessment. The SBTi will assess the targets against its criteria and standards.
The SBTi criteria and standards are based on the latest climate science. The criteria ensure that targets are ambitious enough to limit global warming to 1.5°C or 2°C. The standards ensure that targets are credible and achievable.
Validation:
If the SBTi finds that a company’s targets are in line with its criteria, it will validate the targets. Validated targets are a strong signal to investors, customers, and other stakeholders that the company is taking climate action seriously.
Approval:
If the SBTi finds that a company’s targets are consistent with its criteria, but not in line with them, it will approve the targets. Approved targets demonstrate to investors, customers, and other stakeholders that the company is taking climate action seriously, but they may not be as ambitious as validated targets.
In process:
Targets that are in the process of being assessed by the SBTi are not yet certified, but they are still a step in the right direction. Companies that are working towards setting science-based targets can demonstrate their commitment to climate action by becoming an SBTi Aspirant.
To become an SBTi Aspirant, companies must complete an online registration form and submit a letter of intent. The letter of intent should outline the company’s commitment to setting science-based targets and its plans for doing so.
Once a company has become an SBTi Aspirant, it will have access to a number of resources to help it set science-based targets, including a target setting tool and a guidance document. The SBTi will also provide the company with feedback on its targets.
Once a company has set science-based targets, it can submit them to the SBTi for assessment. The SBTi will assess the targets against its criteria and standards.
If the SBTi finds that a company’s targets are in line with its criteria, it will validate the targets. Validated targets are a strong signal to investors, customers, and other stakeholders that the company is taking climate action seriously.
If the SBTi finds that a company’s targets are consistent with its criteria, but not in line with them, it will approve the targets. Approved targets demonstrate to investors, customers, and other stakeholders that the company is taking climate action seriously, but they may not be as ambitious as validated targets.
The SBTi registration and rating procedure is a valuable tool for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future. The procedure helps companies to set ambitious science-based targets, and it provides a clear path to certification.
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Professional Credentials
The Science Based Targets initiative (SBTi) offers a number of professional credentials for individuals who are working in the field of climate change mitigation. These credentials are designed to recognize and validate the skills and knowledge of professionals who are working to help companies set science-based targets.
The SBTi professional credentials are:
- SBTi Climate Change Professional:This credential is designed for individuals who have a basic understanding of climate change mitigation and who are able to apply this knowledge to their work.
- SBTi Science-Based Target Specialist:This credential is designed for individuals who have a deep understanding of the SBTi criteria and standards and who are able to help companies set science-based targets.
- SBTi Climate Change Strategist:This credential is designed for individuals who have a strategic understanding of climate change mitigation and who are able to help companies develop and implement climate change mitigation strategies.
To earn an SBTi professional credential, individuals must complete an online assessment and pass a certification exam. The assessment and exam cover a range of topics related to climate change mitigation, including the SBTi criteria and standards, climate science, and corporate sustainability.
The SBTi professional credentials are a valuable asset for individuals who are working in the field of climate change mitigation. These credentials demonstrate to employers, clients, and other stakeholders that the individual has the skills and knowledge necessary to help companies set science-based targets and mitigate climate change.
Here are some of the benefits of earning an SBTi professional credential:
- Increased job opportunities:The demand for professionals with climate change expertise is growing, and earning an SBTi professional credential can help you stand out from the competition.
- Higher salaries:Individuals with SBTi professional credentials typically earn higher salaries than those without.
- Access to exclusive resources:SBTi credential holders have access to exclusive resources, such as webinars, trainings, and networking opportunities.
- Credibility:Earning an SBTi professional credential demonstrates your commitment to climate change mitigation and your expertise in the field.
If you are interested in earning an SBTi professional credential, you can learn more about the program on the SBTi website.
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Key Features
Here are the key features of Science Based Targets initiative (SBTi):
- Ambition:SBTi targets are aligned with what is needed to limit global warming to 1.5°C or 2°C.
- Science-based:SBTi targets are based on the latest climate science.
- Credible:SBTi targets are subject to rigorous assessment and verification.
- Achievable:SBTi targets are ambitious but achievable.
- Transparent:SBTi targets are publicly disclosed.
- Time-bound:SBTi targets have a start and end date.
SBTi targets are a valuable tool for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future. SBTi targets can help companies to:
- Reduce their emissions:SBTi targets provide a clear roadmap for reducing emissions and mitigating climate risks.
- Increase their brand value:SBTi targets can help companies to improve their reputation and attract customers and investors.
- Improve their decision-making:SBTi targets can help companies to make better decisions about their operations and investments.
- Collaborate with others:SBTi targets can help companies to collaborate with other companies and organizations to share best practices and accelerate the transition to a low-carbon economy.
If you are interested in setting science-based targets for your company, you can learn more about the SBTi on their website.
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Pros and Cons of Implementation
Here are the pros and cons of implementing Science Based Targets (SBTs):
Pros
- Reduce emissions:SBTs can help companies reduce their greenhouse gas emissions, which is essential to mitigate climate change.
- Increase brand value:SBTs can help companies improve their reputation and attract customers and investors.
- Improve decision-making:SBTs can help companies make better decisions about their operations and investments.
- Collaborate with others:SBTs can help companies collaborate with other companies and organizations to share best practices and accelerate the transition to a low-carbon economy.
Cons
- Cost:SBTs can be costly to implement, especially for small and medium-sized businesses.
- Complexity:SBTs can be complex to develop and implement, especially for businesses with complex operations.
- Uncertainty:There is some uncertainty about the future of climate change, which can make it difficult to set SBTs that are ambitious enough.
Overall, the pros of implementing SBTs outweigh the cons. SBTs are a valuable tool for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future.
Here are some additional details about the pros and cons of implementing SBTs:
Reduce emissions: SBTs can help companies reduce their greenhouse gas emissions by providing a clear roadmap for reducing emissions and mitigating climate risks. SBTs can also help companies to identify and implement cost-effective emission reduction measures.
Increase brand value: SBTs can help companies improve their reputation and attract customers and investors by demonstrating their commitment to sustainability. SBTs can also help companies to differentiate themselves from their competitors.
Improve decision-making: SBTs can help companies make better decisions about their operations and investments by providing a clear framework for evaluating the climate risks and opportunities associated with their business. SBTs can also help companies to identify and implement new business opportunities that are aligned with the transition to a low-carbon economy.
Collaborate with others: SBTs can help companies collaborate with other companies and organizations to share best practices and accelerate the transition to a low-carbon economy. SBTs can also help companies to build relationships with key stakeholders, such as customers, investors, and regulators.
Cost: SBTs can be costly to implement, especially for small and medium-sized businesses. The cost of implementing SBTs can vary depending on the size and complexity of the business, the scope of the SBTs, and the resources that are available.
Complexity: SBTs can be complex to develop and implement, especially for businesses with complex operations. The complexity of SBTs can vary depending on the industry, the business model, and the availability of data.
Uncertainty: There is some uncertainty about the future of climate change, which can make it difficult to set SBTs that are ambitious enough. The uncertainty about climate change can be addressed by using a range of scenarios and by regularly reviewing and updating SBTs.
Overall, the pros of implementing SBTs outweigh the cons. SBTs are a valuable tool for companies that are committed to reducing their greenhouse gas emissions and building a more sustainable future.
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FREQUENT QUESTIONS
Do you have any questions?
Welcome to the Frequently Asked Questions (FAQ) section dedicated to the Science Based Targets Initiative (SBTi) Standards. Here, we have compiled essential information to guide you through the world of setting science-based targets and adopting sustainable practices.
The Science Based Targets Initiative (SBTi) is a collaboration between CDP, UN Global Compact, WRI, and WWF. It is a leading initiative that helps companies set science-based targets to reduce greenhouse gas emissions and align their efforts with the goals of the Paris Agreement.
Companies can set science-based targets by following a rigorous process outlined by the SBTi. This involves assessing their current emissions, establishing baseline emissions, defining a reduction target in line with the SBTi criteria, and developing a roadmap to achieve the target.
Setting science-based targets is voluntary; however, it is strongly encouraged for companies committed to taking ambitious climate action. Companies that set science-based targets demonstrate leadership in addressing climate change and contribute to a low-carbon, sustainable future.
Yes, companies across all sectors can adopt science-based targets. The SBTi provides sector-specific guidance and methodologies to help companies navigate the unique challenges and opportunities within their industries.
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