The role of the SBTi in your sustainability strategy
Sustainability is no longer optional, but an essential pillar that makes or breaks the success of your business. Not only because reducing your carbon footprint is now a legal requirement, but also because making your business processes more sustainable is essential to remaining competitive. But what exactly does decarbonisation entail, and how do you go about it? In this blog, we lift a corner of the veil.
The SBTi, founded in 2015 by organisations such as the World Resources Institute, the United Nations Global Compact and WWF, helps companies set climate targets that are in line with the international goal of limiting global warming to a maximum of 1.5 degrees Celsius.
What makes SBTi unique is that it focuses on actual CO2 reduction, with no room for short-term offsets such as buying CO2 credits. By following SBTi, you can be sure that your company is genuinely contributing to a more sustainable world.
What is SBTi and why is it important?
The Science Based Targets initiative (SBTi) helps companies to scientifically substantiate their climate targets, so that they contribute to the global ambition to limit global warming to 1.5°C. By using these targets, companies can be certain that their efforts are in line with what is truly needed to combat climate change. SBTi thus offers a reliable framework for CO2 reduction, focused on long-term impact rather than quick, superficial solutions. This makes sustainable growth not only achievable, but also measurable and credible.
Why Science-Based Targets for your company?
Companies wishing to link their climate goals to scientifically based methods will find SBTi an important tool. By adopting this approach, you can assess whether your targets are ambitious enough for your sector and align with the 1.5°C climate target. This is essential for both short-term goals, for example by 2030, and for the longer term, such as by 2050.
A short-term strategy for CO2 reduction alone is not enough to fully achieve your sustainability goals. The SBTi’s focus on the long term, such as a Net Zero strategy up to 2050, demonstrates that your company is looking beyond mere quick fixes. Such a strategy is crucial to show both your shareholders and other stakeholders that you are committed to achieving a sustainable impact in the long term.
What does a Net Zero strategy mean for your company?
A company that commits to an SBTi Net Zero strategy by 2050 demonstrates its commitment to an ambitious and achievable path to carbon neutrality. It not only offers a structured approach to climate goals but also helps you strengthen your market position.
Companies that opt for a Net Zero strategy demonstrate that they are prepared to make cost-effective choices in the long term. This enhances their credibility and commitment to achieving the climate goals of the future.
Ready for the future
SBTi is a valuable tool for companies that want to scientifically underpin their sustainability ambitions and make concrete progress. It helps you not only to achieve short-term successes, but also to create a stronger market position by focusing on long-term goals such as Net Zero by 2050.
By aligning your climate targets with the SBTi guidelines, you demonstrate that you are serious about CO2 reduction and that your company is ready for the future. After all, sustainability is not a trend, but a necessity for companies that want to continue to grow.