SBTi aligns with IPCC 1.5°C Special Report

 

World Wildlife Fund, 2019

 

New SBTi Criteria Released

Last month, the Science Based Target Initiative (SBTi) released Criteria 4.0 to remain consistent with the climate science detailed in IPCC’s Special Report on Global Warming of 1.5°C published October 2018. Now, SBTi will only accept targets that limit warming to well-below 2°C or 1.5°C above pre-industrial levels.

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So, how does this updated criteria breakdown?

  • Scope 1+2 targets must be in line with a well-below 2°C or 1.5°C scenario

  • Scope 3 targets remain at 2°C ambition level

  • Companies with already approved science-based targets (SBTs) must re-validate their targets based on the updated criteria by 2025

  • All SBTs must be re-evaluated every 5 years to ensure alignment with recent climate science

  • SBT ambition level will be publicly available via the SBTi website

  • This updated criteria will go into effect on October 15, 2019

SBTi also released new documentation to help companies align their targets with the new criteria. Check out the following for more information!