In September 2020, the Science Based Targets (SBT) Initiative published the first scenarios with which companies can even develop into a “net zero” and in the best case scenario into a “climate positive”. CO2 compensation / neutralisation is a proven aspect of these approaches.
This SBTi video reviews neutralisation as it relates to the SBTi net-zero target-setting model. It explores intricacies of the SBTi Net-Zero Standard Criteria that have been released for public consultation. Furthermore, it offers high-level examples and explores the consultation questions that are offered in the public consultation.
You can find further information on how to set up a Climate Action Plan tailored to your individual needs and based on the results of the calculation of the carbon footprint. Since a complete avoidance of CO2 emissions is difficult to achieve, companies invest in climate protection projects and compensate for their residual emissions by purchasing certificates. To avoid green washing, these efforts are always based on a science-based calculation of the carbon footprint.
Various approaches for the calculation of science-based targets are available (contraction, compression, convergence). They all make predictions about how the industry and the respective companies will evolve in the future and consider these factors in calculating individual targets. The different approaches all have their pros and cons, and some may be more appropriate for certain companies than others. DFGE helps you to choose the right method and decide which factors should be included in your calculations: we are happy to help with an objective that is oriented to your needs. As the first official Science Based Targets Partner of CDP in the DACH region, we already support numerous companies from DAX, MDAX to SMEs in the calculation, analysis and introduction of Science Based Targets.
For more information on the Science Based Targets and Net Zero take a look at the DFGE solution. If you have further questions, please contact us via or by phone at +49 8192-99733-20.