The notion of science-based target setting has been gaining momentum since the inception of the Science Based Targets initiative (SBTi) in mid-2015. Science-based target setting is becoming standard business practice evidenced by over 2 500 companies participating in the SBTi. To dive into this topic, and what science-based target setting means for your business, please … Read More
Science Based Targets
Science-based Targets initiative framework for financial institutions
As you are undoubtedly aware, the Science Based Targets initiative (SBTi) is in the process of developing a target-setting framework for financial institutions. The framework is being developed through a multi-stakeholder process to ensure practicality and validity for financial institutions. The target-setting methods within the framework will be asset class-specific. In late September the SBTi held its first … Read More
Why Science-based targets?
A new focus in corporate response to climate change is the setting of carbon reduction targets that are in line with scientific recommendation. Why is this a logical step? The reality If no action is taken, the average global temperature is on course to warm by 3.7–4.8°C by the end of the century. This is … Read More