SBTi targets demonstrate a company's commitment to ambitious and credible climate action, helping to limit global warming to well below 2°C and pursue efforts to limit it to 1.5°C.
The Scope
SBTi targets are based on the latest climate science and require companies to reduce their emissions in line with their fair share of the global carbon budget. The framework provides detailed guidance on setting targets across Scope 1, 2, and 3 emissions, ensuring that companies address their entire value chain. SBTi targets are validated by the initiative, providing assurance that they are ambitious and credible.
The Importance of SBTi
Setting SBTi targets allows companies to demonstrate their leadership in climate action and build trust with stakeholders. It also helps them mitigate climate-related risks, improve their operational efficiency, and enhance their competitiveness in a low-carbon economy. The verification of the companies progress towards these targets is important to maintain the credibility of the SBTi framework, and ensure companies are following through on their climate related goals.