Science Based Targets initiative

📢 LAUNCHED TODAY! 📢 The SBTi has released our Monitoring Report 2023, showcasing significant milestones in global corporate climate action. The report finds continued growth across key metrics including global growth of companies with validated targets, market cap penetration and global reach. Key findings include: ↗ The number of companies with science-based targets increased by 102% in 2023, driven notably by robust expansion in Asia. 🗾 Japan emerged as the global leader in science-based target setting, surpassing the UK and US with a total of 768 companies with validated targets. 🌏 India experienced a 520% increase in companies setting science-based targets in 2023 compared to 2022. 📈 Companies with validated targets or commitments reached 39% of the global market cap, increasing two percentage points from 2022. 💊 The biotech, healthcare, and pharma sector saw the most substantial growth in target setting, with a 222% increase, while materials industry growth slowed to 41%. Luiz Fernando do Amaral, CEO of SBTi, emphasized the report's findings, stating, "The deepening foothold of the SBTi in global markets, especially the Global South, demonstrates a growing understanding of companies of what is required of them to meet the aims of the Paris Agreement. We must now fight harder than ever to keep those aims alive, so I call on companies everywhere to set targets and report against them as a matter of urgency.” Find out more: https://lnkd.in/eYP7CE3S #SBTiScaleUp #ClimateAction #SBTiProgress

🎯 Our target dashboard has been updated! There are now more than 5,795 organizations with validated science-based targets, and over 8,580 with targets or commitments to set them. 🙌 Congratulations to all of these 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/d6-Ef-3J #SBTiScaleup #sciencebasedtargets

In May 2024 we announced the timelines and process for the revision of our flagship Corporate Net-Zero Standard and published its Terms of Reference. The first outputs of this process will be published on Tuesday July 30th, comprising: • A scope 3 discussion paper • Evidence on the effectiveness of Environmental Attribute Certificates submitted as part of the call for evidence which ran from September to November 2023 • Synthesis of the evidence submitted as part of the call for evidence - Part 1: Carbon Credits • Findings of an independent systematic review on the effectiveness of carbon credits in corporate climate targets 👉 Read Chief Technical Officer Alberto Carrillo Pineda's latest blog to learn more: https://lnkd.in/ev6G-xJB #netzero #netzerostandard

🤔Interested in learning more about the public consultation and pilot testing process of the SBTi’s Draft Financial Institutions Net-Zero (FINZ) Standard? Join us August 22nd for a global webinar where you'll have the opportunity to get your questions answered! We’re running two sessions across time zones: ✅Session 1: 10AM CEST / 4PM HKT ✅Session 2: 10AM EDT / 4PM CEST SBTi Head of Financial Standards Nate Aden, FINZ Manager Jana Mintenig, and FI Research Lead Eoin White will provide an overview of the development process, detail the contents of the latest draft and explain how to get involved in the public consultation. 👉Learn more about the Draft FINZ Standard and respond to the public consultation: https://lnkd.in/dbwBQ795 👇Register for the webinar here or through the event below: https://lnkd.in/dwG-3ZJT #FINZ #FinanicalInstitutions #sciencebasedtargets

📢The SBTi is seeking input to help shape the Financial Institutions Net-Zero (FINZ) Standard. We’re calling for experts from the finance sector, academia and civil society worldwide to review and give feedback on the Draft FINZ Standard. Following this public consultation and pilot testing, the SBTi will review and consider the feedback received and make adjustments. The public consultation is open until September 20, 2024. 📢 In addition, we’re hosting a webinar featuring SBTi experts who will provide an overview of the FINZ development process, detail the contents of the latest draft and explain how to get involved in the public consultation. The webinar will be held on August 22, 2024 in two sessions: Session 1: 10AM CEST / 4PM HKT Session 2: 10AM EDT / 4PM CEST Don’t miss this opportunity to play a significant role in the development of this essential standard! 👉Learn more about the Draft FINZ Standard and respond to the public consultation: https://lnkd.in/dbwBQ795 👉Register for the FINZ Webinar: https://lnkd.in/dwG-3ZJT #FINZ #FinanicalInstitutions #sciencebasedtargets

Broken down by sector, our 2023 Monitoring Report found: ✅In 2023, the services and manufacturing sectors led with 741 and 568 companies setting targets respectively, comprising 58% of all companies setting targets that year. ✅Biotech, healthcare and pharma showed remarkable growth, increasing by 222% year on year, from 23 to 74 companies. ✅The materials sector saw a significant shift from previous years, substantial growth in 2022 slowed to a 41% increase in 2023. 👇Check out the graphs below for more information on the growth statistics and number of companies setting science-based targets broken down by sector. 👉Explore the full 2023 Monitoring Report here: https://lnkd.in/gGuUpAYE #SBTiProgress #SBTiScaleUp #sciencebasedtargets

🎯Setting science-based targets in the steel sector just got easier! In response to the increasing need for credible corporate climate action, the SBTi has created the "Steel Guidance in Brief" to support the target-setting process of companies in the steel industry. This resource provides an introduction to the guidance, the main steps to follow when developing a science-based target and responses to frequently asked questions. Learn more about this new resource and other highlights of the SBTi’s work in the steel sector in this blog by Brenda Chan, SBTi Technical Manager and co-author of the Steel Science-Based Target-Setting Guidance. 👉 https://lnkd.in/eykHtJn9 #SteelSector #sciencebasedtargets #netzero #climateaction

🎯 Our target dashboard has been updated! There are now more than 5,765 organizations with validated science-based targets, and over 8,565 with targets or commitments to set them. 🙌 Congratulations to all of these 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/d6-Ef-3J #SBTiScaleup #sciencebasedtargets

🗣️New translated resources now available for the finance sector! More financial institutions (FIs) looking to set science-based targets can now access our guidance, with translations available in six additional languages. The SBTi’s recently-updated Financial Institutions’ Near-Term Criteria Version 2 is now available in the following languages: •Arabic •Chinese •French •Portuguese •Japanese •Spanish In addition, the launch webinar for this resources, which includes a detailed-walkthrough of the criteria, is available in: •English •Mandarin Chinese •Spanish •French 👉Explore the translated resource here: https://lnkd.in/e7x2uE_Y 👉And view the translated videos here: https://lnkd.in/epMyRGNt #FinancialInstitutions #sciencebasedtargets #netzero  

🎯We are thrilled to announce that over 100 Latin American companies have set science-based targets through the SBTi! This achievement highlights the growing dedication of businesses in the region to tackling the climate crisis. Of the countries where these companies are headquartered, Brazil leads with 41 companies, followed by Mexico with 22, Chile with 20, and Colombia with 4. Argentina, Bolivia, Costa Rica, Ecuador, Guatemala, Peru and Uruguay also now have companies with approved targets. In other good news for the region, our 2023 Monitoring Report found Mexico to have the second highest growth among G20 countries in terms of companies with approved targets in the year (450%). We look forward to seeing more companies across the LATAM region following their lead by setting targets this year! 👉Explore the 2023 Monitoring Report here: https://lnkd.in/gGuUpAYE #SBTiProgress #SBTiScaleUp #ScienceBasedTargets #LATAM 🎯¡Estamos muy emocionados de anunciar que más de 100 empresas latinoamericanas han establecido objetivos basados en ciencia a través de SBTi! Este logro es una clara muestra del creciente compromiso que tienen las empresas de la región para hacer frente a la crisis climática.  De los países en donde estas empresas tienen su sede, Brasil lidera con 41 compañías, seguido por México con 22, Chile con 20 y Colombia con 4. Argentina, Bolivia, Costa Rica, Ecuador, Guatemala, Perú y Uruguay también cuentan con empresas que tienen objetivos validados. En otras buenas noticias para la región, nuestro 2023 Monitoring Report identificó que México tuvo el segundo mayor crecimiento entre los países del G20 en términos del número de empresas con objetivos validados durante el año (450%). ¡Esperamos ver a más empresas en toda la región de LATAM siguiendo su ejemplo y fijando objetivos este año! 👉Explora el 2023 Monitoring Report aquí: https://lnkd.in/gGuUpAYE 🎯É com alegria que anunciamos que mais de 100 empresas latino-americanas tiveram suas metas baseadas na ciência aprovadas pela SBTi! Essa conquista destaca a crescente dedicação das empresas da região ao enfrentamento da crise climática. Dos países em que essas empresas estão sediadas, o Brasil está na liderança, com 41 empresas, seguido pelo México, com 22; Chile, com 20 e Colômbia, com 4. Argentina, Bolívia, Costa Rica, Equador, Guatemala, Peru e Uruguai também têm empresas com metas aprovadas. Em outra ótima notícia para a região, nosso Relatório de Monitoramento 2023 (2023 Monitoring Report) constatou que o México teve o segundo maior crescimento entre os países do G20 em termos de empresas com metas aprovadas no ano (450%). Esperamos que mais empresas latino americanas sigam pelo mesmo caminho e estabeleçam metas em 2024! 👉 Acesse o SBTi 2023 Monitoring Report aqui: https://lnkd.in/gGuUpAYE