Strategic Focus: Designing An SBTi-Ready Net Zero Strategy
Executive Summary
Climate change mitigation depends on global commitments to net zero. As the pressure to reduce carbon emissions intensifies, firms are seeking the validation of the Science Based Targets initiative (SBTi) Net-Zero Standard for their science-based roadmaps to decarbonization. Target validation by the SBTi implies a generation of commercial value and trust. However, the SBTi Standard is not exempt from criticism, and firms may find limitations to its methodology and requirements. Organizations need to address the complexities surrounding carbon reduction and neutralization to create a successful net zero strategy. This report examines the challenges of the SBTi and recommends key steps to ensure a realistic and credible roadmap to net zero.
Table of contents
The SBTi Net-Zero Standard Sets Firms’ Decarbonization Strategies
The SBTi Has Emerged As The Premier Net Zero Initiative Globally
The SBTi Net-Zero Standard Requires Carbon Reduction and Neutralization Across Value Chains
Firms Must Increase Data Accessibility And Visibility Of Carbon Emissions
Net Zero Data Complexities Encourage Reliance On Digital Tech Services
Firms Should Use The SBTi As A Foundation For Net Zero Success
Firms Should Consider The Limitations Of The SBTi Net-Zero Standard
Four Winning Factors For SBTi Success
Table of figures
Figure 1. SBTi Momentum In 2021Figure 2. Key Steps For Pre-Set SBTi Targets
Organisations mentioned
CDP, Climeworks, Envizi, European Commission (EC), FigBytes, GHG Protocol, IBM, IKEA, Moody’s, NewClimate Institute, Science Based Targets initiative (SBTi), SINAI Technologies, Sustainalytics, Task Force on Climate-related Financial Disclosures (TCFD), UN Global Compact, US Securities and Exchange Commission (SEC), WayCarbon, World Resources Institute, WWFAbout the authors
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