Solutions

SBTI Consulting and Advisory Services

The Science Based Targets Initiative (SBTi) is a collaborative effort between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). It provides companies with a clearly defined path to reduce greenhouse gas (GHG) emissions in line with the latest climate science to meet the goals of the Paris Agreement.

The SBTi helps companies set ambitious emissions reduction targets grounded in climate science. These targets ensure that businesses contribute their fair share in limiting global warming to well below 2°C above pre-industrial levels, with efforts to limit warming to 1.5°C. Companies adopting SBTi commit to measurable, science-based emissions reductions over a specific timeframe, providing transparency and accountability.

Source of SBTi

# of companies with science-based targets increased by 102% during 2023.

Source: SBTi

5769 companies with science-based targets

Source: SBTi

3313 companies with net-zero commitments

Source: SBTi

8567 companies taking action in the SBTi

Source: SBTi

Steps Towards SBTi

01 Commit:

Sign the SBTi Commitment Letter to formalize the intention to set a science-based target.

02 Develop:

Develop and work on targets in line with SBTi criteria, ensuring they align with the latest climate science.

03 Submit:

Present a detailed plan outlining the steps to achieve the targets, including timelines, resource allocation, and responsible parties.

04 Communicate:

Announce your target and inform your stakeholders

05 Disclose:

Regularly track progress and report annually on achievements against targets.

Benefits of setting targets:

Drives sustainable progress and ensures long-term success

Sign the SBTi Commitment Letter to formalize the intention to set a science-based target.

Cost efficiency:

Cuts operational costs, reduces expenses and saves money.

Regulatory alignment:

Preparing for and complying with increasingly stringent climate regulations.

Investor confidence:

Enhancing investor confidence by demonstrating a commitment to long-term sustainability.

Market Competitiveness:

Fosters Creative Growth, enhances competitive edge boosting market competitiveness.

Market & customer expansion:

New markets & customer segments that prioritize sustainability and ethical practices, thereby driving growth.

How Sustainext helps

Sustainext advises companies in their path to net-zero emissions by assessing, and setting emission reduction targets through peer review and veriﬁcation process, and verifying set company targets against climate science.

01 Readiness assessment

Gap analysis of current climate strategies
Evaluation of existing emissions data and inventory
Assess the company’s readiness for adopting Science-Based Targets by reviewing past and current GHG emission reduction initiatives.
Identification of key stakeholders and decision-makers

02 Emissions baseline development

Comprehensive greenhouse gas (GHG) inventory compilation
Scope 1, 2, and 3 emissions calculation
Historical emissions trend analysis

03 Target setting and modeling

Science-based target calculation using SBTi methodologies
Scenario analysis and target ambition setting
Modeling of different reduction pathways
Assessment of financial implications of targets

04 SBTi submission support

Preparation of SBTi commitment letter
Development of target submission form
Compilation of supporting documentation
Liaison with SBTi for queries and clarifications

05 Decarbonization strategy development

Identification of key emissions reduction opportunities
Development of short, medium, and long-term action plans
Cost-benefit analysis of reduction initiatives
Integration of SBTs into overall business strategy

06 Scope 3 emissions management

Detailed Scope 3 emissions screening
Supplier engagement strategy development
Value chain emissions reduction planning
Customer emissions reduction support

07 Net-Zero roadmap and target setting

Long-term net-zero goal development aligned with SBTi criteria
Develop a comprehensive target achievement roadmap and action plan, delineating the steps required to attain the emission reduction targets.
Residual emissions assessment and offsetting strategy
Carbon removal technology evaluation
Net-zero transition pathway modeling

08 SBTi compliance monitoring

Development of SBTi-aligned KPIs and metrics
Design of data collection and reporting processes
Progress tracking against approved targets
Annual disclosure support for SBTi progress reports

09 Scenario Analysis

Assessment of climate-related risks and opportunities
Development of climate scenarios aligned with SBTi pathways
Integration of scenario analysis into strategic planning
TCFD-aligned reporting on climate scenarios

10 SBTi Target Revision and Revalidation

Periodic review of targets against latest SBTi criteria
Target ambition increase in line with emerging science
Preparation of target revision submissions
Support for revalidation process with SBTi

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