News

10 Nov 2021 SBTi Launches New Foundations of Net-Zero for Financial Institutions Draft for Public Consultation As of November, 2021, financial institutions with over US$130 trillion in assets under management had committed to net-zero. This foundational framework represents the first step in defining net-zero for financial institutions.

10 Nov 2021 More than 1,000 companies commit to science-based emissions reductions in line with 1.5°C climate ambition The Science Based Targets initiative (SBTi) and the United Nations Global Compact today announced that more than 1,000 companies are setting 1.5°C-aligned science-based targets as part of a global campaign to rapidly scale corporate climate ambition.

08 Nov 2021 Six Private Equity Firms representing €133 bn AUM combat climate change with ambitious science based targets Financial institutions play a critical role in decarbonizing the economy and driving sustainable practices. To enable a wide adoption of science-based targets by private equity investors, the Science Based Target initiative (SBTi) has released a tailored guidance.

03 Nov 2021 SBTi secures $37M USD to scale-up exponential growth The Science Based Targets initiative (SBTi), the global body enabling businesses to set emissions reduction targets in line with science, has been awarded three grants totaling $37 million USD from Bezos Earth Fund, IKEA Foundation and Laudes Foundation.

28 Oct 2021 SBTi launches world-first net-zero corporate standard SBTi’s science-based Net-Zero Standard launches today to provide a credible and independent assessment of corporate net-zero target setting and enable companies to align their near- and long-term climate action with limiting global warming to 1.5°C.

23 Sep 2021 SBTi calls on all companies worldwide to align with climate science, ahead of the G20 Summit in October Growing numbers of companies in the G20 are setting climate targets but most fail to align with climate science, according to new research by the Science Based Targets initiative (SBTi).