SBTi Insider: October 2024
Science Based Targets initiative
Enabling organizations to take swift climate action by setting ambitious emissions reduction targets.
Insights from Climate Week NYC In The Run Up to COP29
Dear Colleague,
Climate Week NYC saw global leaders gathering in Manhattan to share insights on this year’s theme of “It’s Time”. Following these critical discussions, interim SBTi CEO Susan Jenny Ehr shares her own reflections focussing on the risks climate collapse poses to business and the recognized role the SBTi’s sectoral guidance – such as the recently launched Business Criteria – play in avoiding this eventuality.
Events and Opportunities
The SBTi is looking for experts across the finance sector, academia and civil society to review and feedback on our Draft Financial Institution Net-Zero Standard via a public consultation survey ahead of October 11.
Your expertise is vital in shaping the final Standard, which will guide financial institutions globally to take ambitious climate action.
The SBTi is hosting two global webinars on October 17 to provide a deep-dive on the recently launched Buildings Criteria and answer any questions you may have.
Join us for more insights into how the SBTi’s Buildings Criteria enables businesses to play their part in preventing the catastrophic impacts of climate change.
With the Financial Institution Net-Zero (FINZ) Standard consultation underway, do you have outstanding questions on how FINT V2 and the Draft FINZ Standard are related?
In our recent blog, Financial Institutions Research Lead Eoin White and Financial Institutions Net-Zero Manager Jana Mintenig unpack the critical interconnectedness and differences between these two Standards.
Updates and News
The Science Based Targets initiative (SBTi) is currently revising the Corporate Net-Zero Standard and has released an updated project terms of reference with minor adjustments, including the intention to refine the approach to neutralization. The SBTi intends to clarify the near-term actions companies can take towards the long-term outcome of counterbalancing the impact of scientifically-defined residual emissions.
领英推荐
SBTi Chief Technical Officer Alberto Carrillo Pineda joined Swiss Steel Group CEO Frank Koch on ESG Talk's Climate Week podcast series to unpack long-term decarbonization strategies, the critical challenges faced by the steel industry, and the importance of emissions transparency for sustainable production.
?? Listen to the full episode on Spotify , Apple Podcast , or YouTube .
Noteworthy News
Carbon Herald | September 21
“The Science Based Targets initiative (SBTi) is in the process of updating its flagship Net-Zero Standard and has released revised terms of reference indicating there will be a new approach to carbon removal.”
ESG News | September 19
“The Science Based Targets initiative (SBTi) is advancing its efforts to help companies achieve net-zero by revising its Corporate Net-Zero Standard.”
ESG Investor | September 19
“The Science Based Targets initiative’s (SBTi) much-anticipated Financial Institutions Net Zero (FINZ) standard is expected to place banks under more pressure to increase their climate-related transparency and ambition.”
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1 个月Hi Susan Jenny, First of all Thank you for your continued leadership in driving science-based climate action. The efforts to enhance accountability and develop sector-specific standards are inspiring, especially in light of the discussions at Climate Week NYC. I have two key questions: 1. How is the SBTi planning to enhance accountability for companies’ climate commitments as corporate standard evolves? 2. What was the most gdifficult scientific challenge highlighted during Climate Week NYC in relation to businesses tackling Scope 3 emissions, and how does the SBTi plan to address it? I look forward to seeing how SBTi continues to set the bar for corporate climate accountability and action.