
EY Sustainability Matters
How the SBTi is helping businesses navigate the journey to net zero
Oct 27, 2023
Alberto Carrillo Pineda, cofounder and CTO of the SBTi, along with Rob Bradley and Miranda Nayyar from EY, discuss the importance of setting science-based emission reduction targets. They highlight the challenges companies face in data collection and achieving set targets, as well as the progress and ambition of companies in setting and implementing these targets. They also touch on improving data collection practices, transparency, and the challenges of establishing standards and norms in the sustainability space.
30:27
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Quick takeaways
- The Science-Based Targets Initiative (SBTi) sets global standards for science-based climate targets, promoting accountability and transparency.
- Companies face challenges in setting science-based targets, including collecting accurate data on emissions and focusing efforts on reducing impact.
Deep dives
The Importance of Science-Based Target Initiative (SBTI) in Climate Change Mitigation
The Science-Based Target Initiative (SBTI) supports companies in setting standardized science-based emission reduction targets to combat climate change. It is a partnership between various organizations, including the Carbon Disclosure Project (CDP) and the United Nations Global Compact. The SBTI aligns its targets with the Paris Climate Agreement, aiming to limit global warming to below two degrees Celsius. Over 4,000 companies, covering a third of global market capitalization, have already set science-based targets through SBTI, representing a diverse range of industries and geographic locations. The SBTI plays a crucial role in creating accountability, transparency, and trust in corporate climate action.
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