In my latest episode of the Climate Confident podcast, I had the pleasure of interviewing Luiz Amaral, the CEO of the Science-Based Targets Initiative (SBTI). The SBTI is a global body that works to enable businesses to set ambitious emissions reductions targets that align with what climate science tells us is necessary. It’s a truly innovative partnership between several organizations, including the United Nations Global Compact, WWF, World Resources Institute, CDP and Women in Business Coalition.
The SBTI was born out of a realization that there needed to be a way to standardize what “good” looks like for corporate climate action, so that progress could be evaluated and compared. The organization’s goal is to support companies on their path towards a net zero future.
One of the things that I found most fascinating about the SBTI is their use of the Greenhouse Gas Protocol guidelines. This means that the SBTI takes into account other gases besides carbon, such as methane, in determining emissions reductions targets. This comprehensive approach is crucial in the fight against climate change.
Another great thing about the SBTI is that it is a not-for-profit organization. While there is a fee for submitting and validating targets, the real financial decision-making comes from developing and implementing a plan. This makes the SBTI accessible to companies of all sizes and locations.
Lastly, the SBTI has a robust accountability system in place. Companies are required to resubmit their targets every five years and reevaluate their progress. In addition, the SBTI also conducts third-party assessments based on public information. This ensures that companies are held accountable and are making progress towards their ambitious goals.
Overall, the SBTI is a powerful and innovative organization that is making a real difference in the fight against climate change. I encourage all businesses to get involved and make use of the resources and support the SBTI has to offer. It’s time for us all to take action and meet the challenge of the climate crisis head on. I also encourage you to check out the over 100 previous episodes of the Climate Confident podcast and Follow this podcast in your podcast app of choice (Apple Podcasts, Google, Spotify, Overcast, etc.) to get even more compelling climate-related information and insights from experts in the field.