New Releases of the SBTi Back in autumn 2022 the Beyond Value Chain Mitigation (BVCM) guideline was announced by the Science-Based Targets Initiative (SBTi) and now it is finally here, serving as a further cornerstone of the SBTi Corporate Net Zero Standard. In February 2024 the SBTi published two BVCM reports: The first report (Above…
Great Opportunities and Great Responsibilities An extract of the „Guidance On Avoided Emissions“ by the World Business Council of Sustanable Development (WBCSD) Societies must drastically cut emissions and protect and develop carbon sinks to limit the rise of the global temperature to no more than 1.5°C above pre-industrial levels and to achieve a state of…
With the Paris Agreement of 2015, more than half of the global economy has committed to reducing greenhouse gas (GHG) emissions while investing efforts into the removal of GHG from the atmosphere. This is to meet the Paris Agreement goal of limiting temperature rise to “well below 2°C” as well as to ensure compliance with…
More and more companies commit to climate neutrality or net zero by a certain year. Corporates now have climate strategies and targets which are public and which include pledges that appear to significantly reduce, or even eliminate their contributions to global warming. Although, instead of reaching this goal, the corporates will only manage a reduction…
The race to net zero is on! The overarching goal of COP26 was to limit global warming to 1.5 instead of 2 degrees Celsius. With the conference in Glasgow just ending last weekend – what are the most important take-aways? There has been progress in some singular areas as heads of state, policy-makers, and industry…
Slowly moving away from the COVID-19 lethargy and processing the latest IPCC report, the climate crisis has been omnipresent during the past couple of months. To limit global warming to 1.5°C, many countries have committed to drastically reduce greenhouse gas emissions and reaching Net-Zero. This however requires a comprehensive transformation across politics and all economic…
The debate on an ambitious climate target (Science-Based Targets) has increased among internationally active companies since the UN climate summit in Paris (COP21). The Paris Agreement marks a turning point for climate policy. Companies have a key role to play in achieving the COP21 goals. They have the opportunity to make an appropriate contribution to…
Companies interested in bringing their CO2 emissions towards Net Zero should consider the new report from the Science-Based Targets Initiative (SBTi), which will probably be published in November this year, just in time for COP26. The new paper lays out the conceptual foundations for credible, science-based net-zero targets for the corporate sector. Science Based Targets…
This video covers guiding principles relating to emissions abatement criteria; overviews the emissions abatement target-setting method and criteria as they relate to interim and net-zero science-based targets; and reviews the questions that are available for the SBTi Net-Zero Standard Criteria public consultation. Various approaches for the calculation of science-based targets are available (contraction, compression, convergence).…
We’ve all heard of it: the aim of becoming “net-zero”. Companies around the world are setting net-zero targets, yet there currently isn’t a global standard to distinguish what truly constitutes a science-based net-zero target. Now, in the lead-up to COP 26, the SBTi is hard at work developing the first-ever global standard for net-zero criteria.…
