Science Based Targets initiative

Can a net-zero economy drive economic growth, job creation, and innovation? This report from CBI (Confederation of British Industry) shows the UK’s strides towards net-zero have already provided substantial benefits. The report, titled “The Future is Green: The economic opportunities brought by the UK’s net-zero economy” found: 1) The net-zero economy has grown by 10.1% since 2023, becoming a major economic force. 2) In 2024, 22,800 net-zero businesses contributed £28.8 billion to the UK economy. 3) These businesses support 273,000 full-time jobs, surpassing employment in the telecommunications industry. 4) Including supply chain activities, the net-zero sector’s economic impact rose to £83.1 billion, supporting nearly 951,000 jobs (2.9% of total UK employment). 5) Net-zero jobs are 40% more productive and offer wages 15% higher than national averages. This report highlights the importance of a clear path to net-zero, which is why we're revising our Corporate Net-Zero Standard to align with the latest climate science—helping businesses drive similar economic benefits in markets around the world. Read CBI’s full report here: https://lnkd.in/eJW2Ek4D Companies looking to set net-zero targets should do so following version one of the Corporate Net-Zero Standard, found here: https://lnkd.in/eGGmXj35 #NetZero #SustainableGrowth #ClimateAction #GreenEconomy

Every company has a role to play in tackling climate change. That's why our Corporate Net-Zero Standard is designed for companies of all sizes, in almost any sector, and from anywhere in the world. We provide criteria and guidance for high-emitting sectors like finance, transportation, buildings, forests, land and agriculture, which produce some of the highest amounts of emissions. We are also developing a Financial Institutions Net-Zero Standard to enable organizations in this sector to align their portfolios with net-zero. The SBTi’s sector-specific guidance, developed with input from diverse stakeholders including industry experts and climate scientists, helps businesses set emissions reduction targets based on the latest climate science and best practices. This targeted approach is key to achieving net-zero emissions and avoiding the worst effects of climate change. Learn more about our sector-specific guidance here: https://lnkd.in/eJp2ZSDv #SBTi #NetZero #sciencebasedtargets #FLAG

“Success ... hinges on our ability to integrate climate considerations into daily decision-making. Those who adapt will lead, while others risk falling behind.” J.P. Morgan recently introduced “Climate Intuition”, an advisory series designed to enhance business understanding of climate change and its financial impacts. Led by Dr. Sarah Kapnick, JP Morgan’s Global Head of Climate Advisory, the first edition acknowledges that climate change is a global issue with far reaching consequences. It concludes that if businesses wish to “stay ahead in the financial landscape," they must consider climate risks. If they want to help avoid the manifestations of climate change - such as collapsing infrastructure and extreme weather events - they must reduce their emissions; otherwise, it finds, they must prepare for these impacts. Read the first edition of “Climate Intuition" here: https://lnkd.in/g9edhJ-X The SBTi’s revision of our Corporate Net-Zero Standard aims to provide a stronger, more effective and practical framework for companies to reach net-zero, with new Expert Working Groups providing additional opportunities to contribute.  Find about more about them here: https://lnkd.in/e92ZcTfc #Climateaction #sciencebasedtargets #Climatefinance

Our target dashboard has been updated! There are now more than 7,280 organizations with validated science-based targets, and over 10,165 with targets or commitments to set them. Congratulations to all of these organizations for their commitment to robust, credible action to reduce greenhouse gas emissions! Head to our website for more information about the targets and commitments of all organizations setting science-based targets. https://lnkd.in/etyRUpAN #sciencebasedtargets #netzero #climateaction

We're looking for passionate and skilled individuals to join one of the fastest growing climate initiatives in the world - could this be you? We're currently recruiting for: Validation Customer Support, Regional Manager 👉 Find out more by visiting our website: https://lnkd.in/ejimeXU9 #recruitment #hiring #opportunities

Today at Columbia University, Lila Karbassi, Senior Advisor on Net-Zero of the United Nations Global Compact, and Paulina Tarrant, Net-Zero Engagement manager of Science Based Targets initiative, engaged in an interactive discussion on the critical role of business in tackling climate change through science-based targets. Under the Net-Zero Standard, most companies must reduce emissions by at least 90% to reach net-zero. The economic case is clear—climate change carries significant costs, while better technology and bold action drive long-term returns. The private sector has a key role to play. João Teixeira of Natura shared how their company is leveraging SBTi to drive emissions reductions, align with net-zero goals and innovate sustainably. Implementing climate solutions is critical to securing our future. #ClimateAction #NetZero #SBTi

Great to see Tesco featured in The Guardian celebrating its validated net-zero science-based targets. Tesco is committed to achieving net-zero emissions across its value chain by 2050. In the near-term, they plan to reduce scope 1 and 2 emissions by 82.6% and scope 3 emissions by 55% by 2032. Net-zero is achievable when businesses take bold, science-backed action to reduce emissions and drive meaningful change. This article details many of the steps Tesco is taking to get there. We encourage more companies to follow Tesco’s lead and set their own net-zero targets using the SBTi Corporate Net-Zero Standard. 👉 Learn more about Tesco’s journey to net-zero: https://lnkd.in/ezq7HDWm #NetZero #ScienceBasedTargets #SBTi

Reminder! On March 11, we’ll be making some important changes to our target dashboard to enhance the clarity and usability of its data. If you are a regular user of the data, you may need to prepare. The changes will include: ✅ The Legacy or "Companies Taking Action" version will be withdrawn, with an updated version of the Beta Dashboard interface becoming the single source of truth for SBTi target and commitment data. ✅ It will still be possible to download the data either by company (similar to the current ‘Legacy’ download) or by-target (as with the current ‘Beta’ version) via the updated Dashboard. ✅ New unique identifiers will be introduced: SBTi IDs will help identify distinct businesses in the data, and entry IDs will identify each business’s individual targets and commitments in the by-target download. ✅ Where possible, field names will be aligned between the by-company and by-target data downloads, resulting in some updates to the field names in either or both downloads. 👉 Ensure you are ready for these updates by reading this blog from SBTi Services Senior Data Governance Manager, Taylor Frerichs: https://lnkd.in/e_VFnKkV #SBTi #ClimateAction #ScienceBasedTargets #NetZero

🎯 Our target dashboard has been updated! There are now more than 7,230 organizations with validated science-based targets, and over 10,110 with targets or commitments to set them. 🙌 Congratulations to all of these organizations for their commitment to robust, credible action to reduce greenhouse gas emissions! 👉 Head to our website for more information about the targets and commitments of all organizations setting science-based targets. https://lnkd.in/etyRUpAN #sciencebasedtargets #netzero #climateaction

📢 The February edition of our newsletter is here! This month’s edition contains: ▶︎ New opportunities to get involved in the revision of the Corporate Net-Zero Standard ▶︎ Helpful sectoral resources, including Steel Guidance misconception videos and FLAG Guidance in Brief ▶︎ Information about upcoming changes to our Target Dashboard ▶︎ Hiring opportunities And more! 👇 Read the newsletter below. 👉 And if you’d like to receive even more updates from the SBTi to your inbox, join our mailing list: https://lnkd.in/e9zTF7ni #SBTi #sciencebasedtargets #netzero #newsletters