SBTI-how-can-we-help

Part 1: Science-Based Targets – Ready to Set Your Sights on Sustainability? We’re Here to Help!

We are excited to share some information with you about the Science Based Targets Initiative (SBTi), a global initiative that aims to help companies set ambitious targets to reduce their greenhouse gas (GHG) emissions in line with the Paris Agreement’s goals.

In Part 1 of this newsletter, we will explore what the SBTi is, how its five-step process works, and how Blue North Sustainability can support you in setting ambitious and achievable targets. In Part 2, we will delve deeper into the data required for compliance and provide a comprehensive overview of GHG emissions, including Scope 1, 2, and 3 emissions.

What is the Science Based Targets Initiative?

The SBTi provides a framework for companies to set and achieve science-based targets, ensuring that their efforts align with the latest climate science. The SBTi was launched in 2015 by a group of international organisations, including the United Nations Global Compact, the World Resources Institute, CDP, and WWF. Its goal is to encourage businesses to set targets that are in line with limiting global warming to 1.5°C above pre-industrial levels, as outlined in the Paris Agreement.

How does it work?

The SBTi framework provides companies with guidelines on how to set targets that are consistent with the latest climate science. Setting a science-based target is a five-step process:

  1. Commit: The first step is to submit a letter to the SBTi establishing your intent to set a science-based target. This letter should include a brief explanation of your company’s commitment to reducing its GHG emissions and a description of your company’s operations.
  2. Develop: The second step is to develop an emissions reduction target in line with the SBTi’s criteria. This involves conducting a detailed analysis of your company’s emissions sources, setting specific and measurable reduction targets, and developing a plan for achieving those targets.
  3. Submit: Once your emissions reduction target has been developed, you will need to submit it to the SBTi for official validation. This involves providing detailed information about your company’s emissions sources, the target scope and boundaries, and the specific reduction targets.
  4. Communicate: After your target has been validated by the SBTi, you should announce it publicly and inform your stakeholders. This may involve issuing a press release, updating your website, or communicating directly with your customers and employees.
  5. Disclose: Finally, you will need to report your company-wide emissions and track progress towards your target on an annual basis. This will involve gathering and reporting data on your emissions sources, calculating your emissions reduction progress, and identifying areas for improvement.

How can we help?

At Blue North Sustainability, we can guide you towards meaningful progress in reducing your carbon footprint. We can help you in the SBTi process by providing the following services:

  1. Define your organisational and operational boundaries: We will facilitate a process to help you define boundaries, i.e., what should be included and what can be excluded.
  2. Carbon footprint assessments: With our Sherpa sustainability management tool (mysherpa.co.za), we can help you collect the required data and calculate your carbon footprint, which is the total amount of GHGs emitted by your operations. This information is essential for setting science-based targets and identifying areas for emissions reductions.
  3. Setting science-based targets: We can assist your business in developing and setting targets that are aligned with the latest climate science and the SBTi framework. This involves defining the target scope and boundaries, and developing a specific, measurable, and time-bound target.
  4. Implementation support: We can provide support in implementing emissions reduction targets. This may involve identifying emissions reduction opportunities, developing and implementing action plans, and monitoring and reporting on progress towards the target.
  5. Supply chain engagement: We can help you engage with your supply chain to onboard them onto the SBTi process and in so doing start the journey to reduce emissions across the value chain.
  6. Reporting and communication: We can assist you in reporting on progress towards your emissions reduction targets and communicating your sustainability efforts to stakeholders. This may involve developing sustainability reports, or case studies showcasing your sustainability story.

Setting science-based targets are a crucial step towards addressing climate change and reducing GHG emissions. By setting science-based targets, companies can align their efforts with the latest climate science and contribute to a more sustainable future for all.

Contact us today if you would like more information!

Phone: +27 63 688 5593

Keep a look out for Part 2 of this newsletter where we will delve deeper into the data required for compliance and provide a comprehensive overview of GHG emissions, including Scope 1, 2, and 3 emissions.