An increasing number of companies are setting science-based targets using criteria set out in the Science-Based Targets initiative’s (SBTi) Net-Zero Corporate Standard. One criterion is that companies must set near-term targets on their path to net zero – and if scope 3 emissions make up 40% or more of a company’s total footprint, a near-term […]
The Science-Based Targets Initiative (SBTi) has recently released a package of consultation documents aimed at financial institutions, including the conceptual framework for the Net-Zero Standard for Financial Institutions (“FINZ”). The document is neither an exposure draft nor the final standard, but serves as an important milestone along the way to their expected publication in Q4 […]
From April 2023 onward, any organization setting emission reduction targets in line with the SBTi framework must set a Forest, Land and Agriculture (FLAG) Science-Based Target to comply with SBTi’s new FLAG guidance, with special requirements for companies that have considerable emissions from FLAG activities. Companies will need to review the crucial pieces of information […]
Despite the growing interest in carbon removal projects, the removals market is still nascent and many unanswered questions exist around project-level criteria, new methodologies, and scalability. In the absence of definitive and common standards, how can corporations help build a robust carbon removals market that can support net zero ambitions by 2050 or sooner? In […]
Corporations will play an essential role in transitioning to net zero emissions no later than 2050. With the size of their environmental footprints – and their capacity to reduce them – companies will be critical in scaling the action needed to ensure a sustainable future. The United Nations High-Level Expert Group on the Net-Zero Emissions […]
Recent revisions to the RE100 technical criteria, published October 24, 2022, present new opportunities for current and prospective corporate members to align renewable electricity procurement with global grid decarbonization. To help members respond effectively, we’ve outlined the major changes, why they were made, and how to address remaining procurement limitations. HELPING CORPORATIONS ACHIEVE 100% RENEWABLE […]
The ongoing climate crisis is one of the greatest challenges of our times and the corporate call to action to set climate goals is at an all-time high. Limiting global warming to 1.5 degrees Celsius and avoiding the most catastrophic damage is essential, and corporations are the most influential players. However, public skepticism grows as […]
In late October, after more than a year of anticipation, the Science Based Targets Initiative (SBTi) released the world’s first net-zero standard (the SBTi Net-Zero Standard). This is exciting news for many organizations who have been awaiting additional guidance as they consider their own climate action plans, and we applaud SBTi for this publication. In […]
Organizations around the world are increasingly focused on setting and achieving ambitious GHG reduction targets including net zero emissions, carbon neutrality, and science-based. However, with evolving methodologies and tools, understanding available options and developing a strategy for achieving these targets can be challenging. This white paper, “The Evolution of Corporate Climate Commitments: The Role of […]
