SBTi Insider April 2024
Science Based Targets initiative
Enabling organizations to take swift climate action by setting ambitious emissions reduction targets.
The SBTi Enables Automakers to Align Emissions from Vehicles with 1.5°
The Science Based Targets initiative (SBTi), has released updated guidance for land vehicles, including a new method for automakers to set 1.5°C emissions reduction targets. For the first time, this updated guidance aligns automakers’ largest source of emissions - scope 3 category 11 ‘use phase’ i.e. those from driving vehicles - with 1.5°C, and includes a pledge to work towards the phase out of petrol and diesel for cars and vans by 2035 in leading markets including Europe, Asia Pacific, USA, Canada, UK, South Korea and Japan.
Automakers are key to global mobility systems and the economy, but are also a major contributor of greenhouse gasses. Private cars and vans were responsible for more than 25% of global oil use and around 10% of global energy-related CO2?emissions in 2022. Diesel and petrol vehicles are also a major source of harmful air pollutants in cities worldwide - an estimated 4.2 million premature deaths were caused by air pollution in 2019 alone.
“As a major emitter of greenhouse gas emissions and other pollutants, automakers hold a pivotal role in driving the transformation to a net-zero economy and cleaning up the air in our cities,” said Alberto Carrillo Pineda , Chief Technical Officer and Co-Founder of the SBTi. “To address the climate crisis, it is critical that automakers adopt zero-emission vehicles at a pace consistent with limiting global warming to 1.5°C. The updated SBTi Land Transport Guidance reflects the scientific imperative for this critical transformation.”
Other SBTi News
The SBTi marks multiple milestones
The number of companies and financial institutions setting science-based emissions reductions targets has roughly doubled each year since the first targets were validated by the Science Based Targets initiative (SBTi). Today, over 5000 businesses have validated targets. Using the SBTi’s cross-sector methods, or one of the growing number of sector-specific resources, more and more corporates are setting science-based targets aligned with the goals of the Paris Agreement, including 1000 Japanese companies, 100 financial institutions and 800 businesses with net-zero targets. Read more in our latest blog about these three milestones.
What’s in a commitment?
Commitments fill many important purposes in everyday life. A commitment is a precursor to action - a promise to fulfill and a galvanizing principle for change. It’s a signifier of intentions associated with honesty. Maria Outters , SBTi Chief Impact Officer, explores the value of commitments and how the SBTi utilizes them to get companies started on their target-setting journey.
Explained: Minor Revisions to the SBTi Corporate Net-Zero Standard, Corporate Near-Term Criteria and related resources
The SBTi released a suite of minor revisions to its target-setting resources to give more companies the confidence to set ambitious climate targets. The changes include editorial and administrative updates and clarifications to reflect the latest technical and operational developments. Martina Massei , SBTi Net-Zero Manager, provides an overview of the changes.
Upcoming Events and Opportunities
Beyond Value Chain Mitigation Webinar Recording
The SBTi hosted a webinar on March 21 where its Beyond Value Chain Mitigation (BVCM) lead, Scarlett Benson , provided an overview of two new reports. View the full webinar recording on YouTube.
Noteworthy News
领英推荐
Edie | Mar 22
“The SBTi has released updated guidance on how the automotive sector can set credible climate targets in line with 1.5C...”
Envirotech | Mar 20
“For the first time, this updated guidance aligns automakers’ largest source of emissions – scope 3 category 11 ‘use phase’...”
Edie | Mar 19
“The SBTi has unveiled what it describes as ‘minor’ updates to its Corporate Net-Zero Standard, providing clarity on the scope of the Standard and how businesses can certify.”
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7 个月Kris Fumberger