📢 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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🎯 Our target dashboard has been updated! There are now more than 6,320 organizations with validated science-based targets, and over 9,205 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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#ClimateWeekNYC provided a valuable opportunity for key stakeholders to explore and advance solutions to the climate crisis. In this blog, SBTi Interim CEO Susan Jenny Ehr provides an overview of the key themes that emerged for the science-based targets during Climate Week, including insights gained from the ESG community on the challenges surrounding scope 3 emissions and SBTi’s next steps in addressing them. 👉 Read her full insights here: https://lnkd.in/e_XzKqWc #scope3 #netzero #sciencebasedtargets
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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: •Chief Executive Officer (CEO) •Target Analyst/Jr Target Analyst •Standard Analyst •Front End Developer •AFOLU Lead 👉 Find out more by visiting our website: https://lnkd.in/ejimeXU9 #recruitment #hiring #opportunities
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🏗 Did you know companies and financial institutions in the buildings value chain now have sector-specific criteria and resources to enable them to set science-based targets? Launched last month, the SBTi Buildings Sector Science-Based Target-Setting Criteria provide organizations with clear, science-based pathways to set 1.5°C aligned emissions reduction targets. In the video, SBTi Buildings Lead Ayla Dinçay provides a top-level introduction to the criteria and explains why it’s a game changer for the sector. 👉 Watch the video below and head over to our website to explore the full criteria: https://lnkd.in/e-sKhHZT #SBTiBuildings #NetZero #sciencebasedtargets
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📢 Deadline extension! 📢 Our draft Financial Institutions Net-Zero (FINZ) Standard contains the latest thinking on net-zero targets for the finance sector. Those wishing to respond to the public consultation on our draft FINZ Standard now have until October 11th, 2024 to respond. We’re asking experts from the finance sector, academia, and civil society to submit feedback on the draft FINZ Standard, which will help shape the final version of the standard. In this blog, we outline everything you need to get involved and share your feedback 👉 Read the blog here: https://lnkd.in/gByPnw3s #FINZ #FinancialInstitutions #NetZero
Your expertise is needed: The SBTi's financial institutions net-zero work - Science Based Targets Initiative
sciencebasedtargets.org
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The SBTi team have been wrapping up #ClimateWeekNYC with platforms at key events in New York City. SBTi Head of Financial Standards Nate Aden gave the keynote address at the United Nations Global Compact’s SDG Investment Forum on new net-zero approaches for financial institutions Nate briefed the audience on the state of play of science-based targets in the finance sector, and encouraged stakeholders to submit feedback on our draft Financial Institutions Net-Zero Standard, which is currently out for public consultation. Additionally, SBTi Chief Impact Officer Tracy Wyman delivered the closing remarks at UN Global Compact Network USA’s event, “Enhancing Your Company’s Climate Impact with the United Nations Global Compact.” Tracy stressed the imperative of U.S. corporate climate action for tackling the climate crisis, and highlighted the role of science-based targets in attracting investment and driving decarbonization throughout the value chain. We are grateful to our partner the United Nations Global Compact for hosting these valuable events. #FINZ #netzero #sciencebasedtargets
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🎯 Our target dashboard has been updated! There are now more than 6,280 organizations with validated science-based targets, and over 9,175 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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🎯 Yesterday at #ClimateWeekNYC, SBTi Chief Technical Officer Alberto Carrillo Pineda discussed scope 3 and the next generation of tools and instruments to measure and manage it at a roundtable hosted by the Value Change Initiative. In this video, Alberto shares his insights from the discussion, including how different organizations are coming together to make climate action more effective and credible. Those interested in this topic can share their feedback on the SBTi’s scope 3 discussion paper and draft Financial Institutions Net-Zero (FINZ) Standard. 👇 Watch the video for Alberto’s full remarks, and head over to our website to have your say in the draft FINZ Standard: https://lnkd.in/eu86TzuM 👉 And respond to the scope 3 discussion paper: https://lnkd.in/e4SXgPYP #FINZ #scope3 #sciencebasedtargets
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SBTi Interim CEO Susan Jenny Ehr is attending #ClimateWeekNYC, connecting with the #ESG community and galvanizing ambitious corporate climate action. As pictured here, she spoke with Catarina Rolfsdotter-Jansson of We Don't Have Time on the role of financial institutions in accelerating the transformation to a green economy. She also spent time with S&P Global on their #ESGInsider podcast, co-hosted by Lindsey Hall, speaking on her new role as Interim CEO, the evolution of the SBTi into a voluntary standard setter, and where we’re headed in the future. #sciencebasedtargets #netzero #FINZ