Designed to help you find the resources you need to take the next step on your sustainability journey.
Prepared in close cooperation with the Science Based Targets initiative (SBTi), the session aims at breaking down and illustrating the complexities around science-based targets (SBTs), introducing the initiative and showcasing the benefits of setting SBTs.
Science-based targets provide companies with a clearly defined pathway to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth. In light of the latest climate science, the UN Global Compact calls on all companies to set their science-based targets with 1.5°C pathways and reach net-zero emissions by no later than 2050.
This Academy e-learning course will guide you in the process of setting a science-based target in support of a net-zero future. It will also offer an opportunity to hear from other companies about why they think setting science-based targets makes good business sense.
The Science Based Targets initiative (SBTi) has launched a process to develop the first science-based global standard for corporate net-zero target setting, to ensure that companies’ net-zero targets translate into action that is consistent with achieving a net-zero world by no later than 2050.
The paper lays out the conceptual foundations for corporate net-zero target setting, including clarity on what it means for companies to reach net-zero emissions, analysis of existing net-zero target setting practices, assessment of strategies that are consistent with achieving a net-zero economy, and initial recommendations for science-based net-zero goals. The conceptual foundations discussed in the paper will be translated into detailed guidelines and criteria to be developed by the initiative as part of a continued multi-stakeholder process.
Financial institutions are the key to unlocking the system-wide change needed to reach net-zero emissions and limit global warming to 1.5°C above pre-industrial temperatures. The Science Based Targets initiative’s new framework allows financial institutions – including banks, investors, insurance companies, pension funds and others – to set science-based targets to align their lending and investment activities with the Paris Agreement.
The Blue Resilience Brief outlines areas where scaling-up joint science-industry action could enhance the resilience of the blue economy and contribute towards a more sustainable future.