The Science Based Targets initiative released its annual monitoring report last week, with stats on how many companies have committed to science-based targets, and how many have submitted plans to actually achieve those targets – and have been 'approved' by the org.

This is pretty huge growth, and quite encouraging. Corporate #sustainability and #netzero efforts have a loooong way to go, but target setting helps see which way things are headed.

Their summary of the SBTi report's highlights:
• 2,079 companies and financial institutions had set science-based targets
• More than one third of the global economy (34%) by market capitalization had set or committed to set science-based targets
• We observed a growth on every continent for the first time
• Companies with science-based targets had committed to a total reduction of 76 millions tonnes of CO2e, equal to eliminating Switzerland’s annual emissions twice over

Pretty impressive momentum.

#SBTI #sciencebasedtargets #climate #ESG

Public Consultation for the Buildings Science Based Target Setting Guidance and Tool 16th May

https://sciencebasedtargets.org/events/public-consultation-for-the-buildings-science-based-target-setting-guidance-and-tool

#sciencebasedtargets #sbti #carbon #netzero

Setting long-term net-zero emissions targets is good.

But long-term targets need to be accompanied by aggressive 5-10 year emissions reduction targets - otherwise they can be meaningless.

As the #ScienceBasedTargets initiative says: “less net, more zero.” https://sciencebasedtargets.org/blog/science-based-net-zero-targets-less-net-more-zero

#climate #NetZero #memes