The Science-Based Targets initiative (SBTi) is undergoing changes. Previously, we wrote about the organization cutting its 2030 interim targets in favor of more tailored targets set on a company-by-company basis. Recently, SBTi released its new strategy for 2026-2030. The strategy summarizes four primary changes coming to the framework:
- “While a generalized approach to target-setting was appropriate in the first phase, we will now move towards more tailored approaches across sectors and geographies, based on what companies can influence, and ensure interoperability with other frameworks.
- Building on our success getting thousands of companies to set ambitious emissions reduction targets, we will now pivot towards implementation, with a stronger emphasis on data transparency and system-level assessment of progress and challenges.
- To address fragmentation in the ecosystem, which results in duplication and burden for companies, we will strengthen partnerships and ensure joined-up approaches.
- We will maximize our impact, expanding our emissions coverage through growing our network in high-emitting regions and sectors.”
The process of decarbonization is an evolving one. As industries work towards emissions reduction goals, we’re learning more about the challenges of the process. SBTi’s new strategy reflects the need for adaptation. Additionally, SBTi is a strictly voluntary organization. This means that SBTi members look to gain value from the organization beyond verifying their decarbonization targets. To this end, SBTi is focusing on the business side of climate resilience. Its goal is for company boards to see SBTi targets as strategic initiatives that drive business value.
Our members can learn more about emissions reductions here.
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