Science-Based Targets Initiative
The Science-based targets initiative (SBTi) was created to promote climate action in the private sector, helping companies to set science-based emission reduction targets for their own operations.
The initiative sets clear action guidelines for companies to reduce greenhouse gas emissions. These measures help prevent the worst effects of climate change and support the growth of a climate-friendly business.
Goals are considered “science-based” if they are consistent with what the latest climate science considers necessary to achieve the goals of the Paris Climate Agreement: goals support limiting global warming to well below 2°C compared to pre-industrial times and support efforts to limit warming to 1.5°C.
According to SBTi’s report for last year, during 2015–2020, companies committed to SBTi have significantly reduced emissions related to their own operations compared to the global average.
Watch the Ecobio webinar: Science-Based Targets – what and why?
In Science-Based Targets – what and why? -webinar leading consultant Inka Koskinen and consultant Mai Kärppä summarize what Science-Based Targets mean, what kind of obligations the regulation imposes on companies and why companies should join the SBT initiative. The webinar is in Finnish.
Webinar Agenda:
- New obligations come from regulation
- Science-based Targets initiative
- Joining the initiative
- Emission calculation required by SBTi
- Setting emission reduction targets
- Benefits of joining the initiative
Watch the recording to find out how you too can reduce business emissions and how to get started with the SBT initiative!
If you wish to download the webinar recording, you can find it here.
How to get started with the SBT initiative!
The SBT initiative requires the determination of planned goals for the business. Short-term emission reduction targets are set for 5–10 years or a long-term target in which emissions are reduced by at least 90% by 2050.
Determining the emission reduction targets also means calculating the emissions of the base year so that the development can be monitored. This means calculating the carbon footprint of the business according to the GHG protocol. The goals must also comply with SBTi’s criteria in order to be considered science-based.
Ecobio services related to the SBT initiative
Our consultants will clarify for you what the measures outlined in SBTi mean for your business. We help determine the carbon footprint of your operation and set emission reduction goals in accordance with SBTi. We advise what actions you need to take in your business structures and value chain in order to achieve the set goals.
Please contact us below