📢 Introducing the new Buildings Sector Science-Based Target-Setting Criteria! The buildings sector is a major contributor of emissions worldwide, accounting for over a quarter of energy-related emissions. It is also deeply impacted by the climate crisis: construction delays due to adverse weather are already costing billions of dollars globally. Today the SBTi launches our sector-specific science-based decarbonization framework for companies and financial institutions (FIs) in the buildings value chain. By enabling these businesses to set 1.5°C-aligned emissions reduction targets for the first time and placing them on a path to net-zero, the SBTi Buildings Criteria is a game-changer for the industry. Highlights of the new criteria include: 🔸 Companies using the criteria must commit to no new fossil fuel installations and halve emissions by 2030 at the latest. 🔸 The framework now covers global 1.5°C pathways for upfront embodied emissions, including materials production and construction of new buildings. 🔸 A ‘whole building approach’ covering all energy consumption and fugitive emissions (e.g. leakage) from buildings’ operations. 🔸 Regional pathways for in-use emissions (those associated with buildings’ energy use) so that targets reflect variations in local power grids and how buildings are used. To introduce the criteria, join us for two global webinars on October 17 where SBTi experts will deep dive into the criteria and answer questions from stakeholders. 👉 Register for the webinar here: https://lnkd.in/gRFTUA37 👉 Explore the full criteria here: https://lnkd.in/g7J9XKAT #SBTiBuildings #sciencebasedtargets #netzero
Science Based Targets initiative
Environmental Services
Enabling organizations to take swift climate action by setting ambitious emissions reduction targets.
About us
The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. We develop standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest. The SBTi is incorporated as a charity, with a subsidiary which will host our target validation services. Our partners are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).
- Website
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http://sciencebasedtargets.org/
External link for Science Based Targets initiative
- Industry
- Environmental Services
- Company size
- 51-200 employees
- Type
- Nonprofit
Employees at Science Based Targets initiative
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Tracy Wyman
Building climate partnerships and ecosystems. Views expressed here are my own.
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Fouad Khan, PhD
Specialist Leader - Climate & Sustainability Deloitte
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Katharina Dittrich
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Sylvain Vanston
MSCI Climate & Biodiversity Investment Research; TCFD and SBTi Member. Views are my own. 327ppm.
Updates
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🎉 The SBTi is celebrating two major target validation milestones … First, we’ve now validated the targets of over 6,000 companies! And significantly, over 1,000 of them have set net-zero targets using our Corporate Net-Zero Standard! Across continents and industries, businesses are getting SBTi-validated science-based targets in record numbers. The first 6,000 companies to set science-based targets have shown what is possible. We urge all eligible businesses to follow suit and set emission reduction targets aligned with science. 👉 To learn more about these milestones and to explore what’s next for the Corporate Net-Zero Standard, check out this blog from SBTi Interim Chief Impact Officer Tracy Wyman: https://lnkd.in/gngKxzzH #SBTiScaleUp #NetZero #sciencebasedtargets
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Interested in learning more about our recently launched Buildings Sector Science-Based Target-Setting Criteria? Join us on October 17 for a deep dive webinar to explore SBTi’s Buildings Criteria. Learn what near- and long-term targets look like for the built environment, how to use the target-setting tool and address frequently asked questions. Two sessions will be available in different timezones: 🗓 Date: October 17, 2024 ✅ Session 1: 10:00 am (CET0 / 4:00 pm (HKT) ✅ Session 2: 10:00am (ET) / 4:00 pm (CET) Don’t miss out on this opportunity to learn more about the SBTi Buildings Criteria and get your questions answered! 👉 Register for the webinar here or in the event below: https://lnkd.in/gRFTUA37 #SBTiBuildings #sciencebasedtargets #netzero #webinar
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📢 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: •Target Analyst •PR Manager •CRM User Adoption Manager •AFOLU Technical Lead •Head of Fundraising •Industry Technical Manager •Technical Team Coordinator 👉 Find out more by visiting our website: https://lnkd.in/ejimeXU9 #recruitment #hiring #opportunities #hiring
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🎯 Our target dashboard has been updated! There are now more than 5,970 organizations with validated science-based targets, and over 8,825 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/etyRUpAN #SBTiScaleup #sciencebasedtargets #netzero
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✍ A new paper from the European Central Bank finds evidence of the effectiveness of science-based targets in the finance sector: “Banks appear to live up to their word on the issue of climate risk pricing: those that signed a commitment letter within the Science Based Targets initiative (SBTi) indeed provide cheaper loans to firms that commit to decarbonization and, to a smaller extent, penalize more polluting firms.” In addition, the paper finds firms that haven't committed to reducing future emissions - as science-based targets require - are charged an average 20% higher interest rate than those that have. 📈 A growing number of financial institutions (FIs) are leveraging their influence as owners or allocators of capital in support of the net-zero transformation across the real economy. More than 120 FIs are leading by example by already having SBTi-validated near-term climate targets, with more than 200 committed to join them in the near future. Setting and acting upon science-based targets mitigates corporates and FIs' climate-related transition and physical risks, which in turn may support lower cost of financing and more favorable valuations. With the SBTi Financial Institutions’ Near-Term Criteria V2 recently published - with translations available in six additional languages - and the Financial Institutions’ Net-Zero Standard under development, the financial sector is well positioned to take the immediate action necessary to begin transitioning to net-zero. 👉 Head over to our website to learn more about our work with financial institutions and set a target today: https://lnkd.in/e-ktugxq 👉 Read the paper here: https://lnkd.in/e9mWK6fF #FINZ #netzero #sciencebasedtargets #financialinstitutions
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📢 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: •Target Analyst •PR Manager •CRM User Adoption Manager •AFOLU Technical Lead •Head of Fundraising 👉 Find out more by visiting our website: https://lnkd.in/dqR9uxjs #recruitment #hiring #opportunities
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📈This year, we’ve witnessed a barrage of climate records being shattered, highlighting a critical shift in our environment. As reported by The Guardian, today’s temperatures are unlike anything seen in the last 125,000 years—accelerating at a pace far beyond historical norms. Key insights from the study: •Modern temperatures are breaking records that have stood for millennia. •The rate of change is alarmingly rapid, far exceeding natural historical shifts. •Our cities and infrastructure are increasingly vulnerable to these extremes. The message is clear: we must act swiftly to reduce emissions and adapt to our changing climate. To keep global heating below catastrophic levels, businesses can use our standards, tools and guidance to set ambitious and science-based greenhouse gas (GHG) emissions reductions targets. 👉Head over to our website to learn more and set a target today: https://lnkd.in/fxUDH6f 👉Read the article here: https://lnkd.in/eNwhW26H #sciencebasedtargets #netzero #climateaction
How does today’s extreme heat compare with Earth’s past climate?
theguardian.com
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📢 Only two days left until our webinar on the SBTi Financial Institutions Net-Zero (FINZ) Standard Pilot Test & public consultation! Join SBTi experts as they provide a comprehensive overview of the development process and delve into the latest draft. Two sessions for different time zones: 🔹 Session 1: 10AM CEST / 4PM HKT 🔹 Session 2: 10AM EDT / 4PM CEST Both sessions will be presented in English with live Spanish translation available. 👉Head over to our website to read the draft FINZ Standard and register for the webinar: https://lnkd.in/ehRvCw_z #FINZ #NetZero #sciencebasedtargets
SBTi Financial Institutions Net-Zero Standard Pilot Test & Public Consultation - Science Based Targets Initiative
sciencebasedtargets.org
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🎯 Our target dashboard has been updated! There are now more than 5,915 organizations with validated science-based targets, and over 8,755 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/etyRUpAN #SBTiScaleup #sciencebasedtargets #netzero