In light of the latest climate science and in the lead up to the Summit, the UN Global Compact calls on all companies to set their science-based targets with a new level of ambition — one that aligns with 1.5°C pathways. Starting with setting the context of the Climate Summit, in this session experts from the Science Based Targets initiative and corporate leaders present new updated guidance to help companies raise ambition in practice, and also on how scope 3 targets are affected by the new climate science.
Speakers Include: Heidi Huusko, UN Global Compact; Alberto Carrillo Pineda, CDP; Cynthia Cummis,World Resources Institute; Mats Pellbäck Scharp, Ericsson
Every Academy Session comes with a Post Session Essentials Guide that provides you with an overview of actions you can take to apply learnings within your business practices and a list of applicable tools and resources.
Watch our previous Academy Sessions
Designed to accommodate different time zones, the sessions below covered the same set of topics, but with a different set of expert contributors.
In this Academy session, experts helped companies understand what science-based targets are; how to set their company’s target; and how SBTi supports these efforts. We also heard examples from the private sector on how setting these targets is good for business.
Session 1 I Experts include: Heidi Huusko,UN Global Compact; Paola Delgado, WWF; Cynthia Cummis, World Resources Institute; Nicole Labutong, CDP; and Rane Ramchandra, Mahindra Sanyo Special Steel
Session 2 I Experts include: Heidi Huusko, UN Global Compact; Nate Aden, WRI, Alexander Farsan, WWF; Alberto Carrillo Pineda, CDP; and Marie-Pierre Bousquet, Danone
What did we learn?
Science-based targets are Greenhouse Gases (GHG) emissions reduction targets that are consistent with the level of decarbonization that, according to climate science, is required to keep global temperature increase within 1.5 to 2ºC compared to pre-industrial temperature levels.
The transition to a low-carbon economy is underway and accelerating globally. Every sector in every market will be transformed and setting a science-based targets is becoming standard business practice. Setting science-based, as opposed to other types of GHG reduction targets, ensures that the targets are meaningful and that their ambition is in line with climate science.
Following the Science Based Targets initiative’s updated target validation criteria, companies may address relevant upstream categories by setting supplier engagement targets. These supplier engagement targets commit the company’s suppliers to setting science-based emission reduction targets.
Many companies have already set science based targets. Click here to learn why and how they did it.
Ready to set your company’s science-based targets? For support to develop your science-based target consult the SDA tool, methods, and other useful resources.