⇒ Corporate action organisation that enables companies and financial institutions worldwide to play their parts in combating the climate crisis
development of standards, tools and guidance which allow companies to set GHG emissions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050
<aside> 💡 The IPCC Special Report on Global Warming of 1.5°C, was widely accepted as a warning that we must limit global temperature rise to 1.5°C above pre-industrial levels and reach net-zero carbon dioxide (CO2 ) emissions by 2050 for the best chance of avoiding catastrophic climate breakdown
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→ Against this backdrop, companies increasingly adopt net-zero SBTs; but, without a consensus, targets can be inconsistent and their collective impact strongly limited.
<aside> <img src="/icons/categories_gray.svg" alt="/icons/categories_gray.svg" width="40px" /> The SBTi developed the first global, science-based standard for companies to set net zero goals. It gives business leaders confidence that their GHG mitigation targets are aligned with what is needed. → a company cannot claim to have reached net-zero until the long-term science-based target for all scopes is achieved and the company has neutralised residual emissions
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