Strategic Focus: Comparing Progress On SBTi Accreditation Across Industries
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Executive Summary
This report, based on findings from the Verdantix 2024 global corporate survey of 353 climate leaders, analyses and fact-checks SBTi (Science Based Targets initiative) verification progress by industry. Sustainability executives can use the report to benchmark themselves against peers, while software and services firms can read it to understand the maturity levels in the industries in which they currently work, or into which they plan to expand. The report finds that industries with significant fleet emissions or energy usage often lead the way with SBTi-verified targets. However, across our survey sample, we found that respondents claiming SBTi-validated targets often conflated use of SBTi guidance with accreditation.
Table of contents
Demand for SBTi accreditation is climbingClimate leaders claim to have SBTi targets, but many lack accreditation
Industries with significant fleet emissions and energy consumption excel at SBTi target-setting
Table of figures
Figure 1. Most firms claim they already have an SBTi-validated target, or plan to set one over the next two yearsFigure 2. Half of respondents citing an SBTi-validated target have neither validation nor commitment
Figure 3. Freight and telecoms lead the charge for SBTi-validated targets
Organisations mentioned
AstraZeneca, CDP, Coca-Cola, Dell, GSMA, Health Care Without Harm, International Air Transport Association (IATA), International Council on Mining and Metals (ICMM), Nike, Salesforce, Science Based Targets initiative (SBTi), Sony, Sustainable Markets Initiative, UN, UN Global Compact, US Environmental Protection Agency (EPA), US Securities and Exchange Commission (SEC), Vodafone, World Resources Institute, WWFAbout the authors
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