Science Based Targets Initiative (SBTi)

Science Based Targets Initiative (SBTi) Latest News

India has the scale and momentum to influence how global business responds to climate risk, top executives of the Science Based Targets initiative (SBTI) said recently.

About Science Based Targets Initiative (SBTi)

• It is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis.
• Mission: To drive science-based climate action in the corporate sector consistent with limiting warming to 1.5°C.
• SBTi develops standards, tools, and guidance which allow companies to set GHG emissions reduction targets.
• The SBTi validates companies’ targets and assists other industry leaders in creating the best practice for their organisations with targets in line with the Paris Agreement.
• The SBTi was formed as a collaboration between the World Resources Institute, CDP, the United Nations Global Compact, and the World Wide Fund for Nature (WWF). 
• In 2023, it was incorporated as a charity in the United Kingdom.
• The SBTi also helps companies and financial institutions worldwide to improve their risk management, attract investors, gain a competitive advantage, and become leaders in sustainability.
• As of April 2025, the SBTi has reported over 10,000 companies worldwide committed to or set science-based emissions reduction targets.

Source: TH

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