The SBTi Insider
Science Based Targets initiative
Enabling organizations to take swift climate action by setting ambitious emissions reduction targets.
February 2024
SBTi doubles corporate climate validations in one year as scale up gathers pace
The number of companies and financial institutions setting greenhouse gas (GHG) reduction targets validated by the Science Based Targets initiative (SBTi) doubled to 4,204 in 2023 (up from 2,079 in 2022). This extraordinary demand for corporate decarbonization standards and target validation services has prompted a major scale-up operation to quickly develop a broader range of trusted, credible, emissions reduction standards and increase capacity for validating companies’ targets, while aiming for the highest level of service excellence for companies and financial institutions.
Additionally, the SBTi has officially been granted charitable status by the Charity Commission for England and Wales . Previously a collaborative initiative between CDP , We Mean Business Coalition , World Resources Institute , WWF and United Nations Global Compact , the SBTi now takes its place as an independent organization alongside its partners to build out its critical role in the corporate climate ecosystem.
Following the establishment of a Technical Council to oversee Standards development, a Validation Council will also be formed to ensure independence in decision-making for target validation services. A call for members for the Validation Council, along with Terms of Reference for the Council and requirements for Council Members, will be published on the SBTi website in the coming weeks.
You can read more about the SBTi’s recent work and developments in our latest blog .
Join our team
The extraordinary demand for corporate decarbonization standards and target validation services means that we are hiring for a number of positions. We are a global team with jobs available across the world. You can find current openings at the bottom of this email, or on our website which is updated each week.
Upcoming Events and Opportunities
UNEP Buildings and Climate Global Forum 2024
On March 7 and 8, the United Nations Environment Programme (UNEP) and the French government, with the support of the Global Alliance for Buildings and Construction (Global ABC) will host the Buildings and Climate Forum in Paris. Its aim is to gather, for the first time, high-level representatives of governments, corporates and civil society to foster international collaboration to accelerate decarbonization of the buildings sector. An expert from the Science Based Targets initiative’s (SBTi) Buildings Project will be available at the Forum to answer questions about our Buildings Sector Science-Based Target-Setting Guidance Draft for Pilot Testing . Fill out the attendance interest form before it closes February 15.
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GreenBiz 2024
GreenBiz 's annual sustainability conference for business leaders from across the world ended this week. Diana Farmer , the SBTi’s North American Regional Lead, has been in attendance to talk scope 3, meet with business leaders and help advance the case for science-based target setting.
Noteworthy News
GreenBiz | Feb 6
“The number of companies with greenhouse gas emissions reductions commitments validated by the Science Based Targets initiative doubled in 2023 to 4,204 companies.”
Number of firms setting science-based emissions targets ‘doubled in 2023’ Yahoo News | Feb 1
“The SBTi has seen an exponential growth in the number of institutions setting validated targets, starting with just 10 in 2015 before roughly doubling year on year.”
Bisnow | Jan 30
“The [SBTi] has picked 15 real estate companies from around the world to test its… guidance and tools.”
Join the SBTi
As the SBTi grows, we are looking for qualified and passionate applicants to join our team.