SBTi

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SBTi - science-based climate targets for businesses

More businesses are now setting specific climate targets. At the same time, expectations from investors, customers and authorities are increasing. Through SBTi (Science Based Targets initiative), companies can establish science-based climate targets that are in line with the Paris Agreement and recognized international climate science.

Aider helps companies develop, document and get approved climate targets in line with SBTi - from mapping emissions to submission and follow-up.

What is SBTi?

The Science Based Targets initiative (SBTi ) is an international framework that helps businesses set climate targets based on scientific methods.

The aim is to ensure that companies' emission reductions contribute to limiting global warming to 1.5°C.

In order to get an SBTi target approved, the company must, among other things:

• establish climate accounting based on the GHG Protocol
• set specific emission reduction targets
• include relevant emissions in the value chain (scope 1, 2 and 3)
• submit the targets to SBTi for validation

The result is science-based climate targets that provide credibility and clear direction for the company's climate work.

What is FLAG?

FLAG (Forest, Land and Agriculture) is part of SBTi and applies to companies with emissions related to forests, agriculture and land use. The framework sets out requirements for how companies in land-intensive sectors should set climate targets that both reduce emissions from land use and contribute to increased carbon uptake in line with climate science.

More and more companies are choosing to anchor their climate work in SBTi:

Increased regulatory expectations

Sustainability reporting requirements are increasing, including through CSRD and ESRS

Expectations from owners and authorities

The Norwegian Ownership Report clarifies that companies are expected to have clear climate targets and work systematically to reduce emissions.

Greater credibility in the market

Science-based climate targets give investors, customers and partners confidence that the climate work is real.

What we offer within sBTi

Aider assists companies throughout the process of establishing climate goals in line with SBTi.

Among other things, we help with:

Climate accounting and analysis
Mapping emission sources and establishing climate accounts in line with the GHG Protocol.

Development of science-based climate targets
Preparation of reduction targets that meet the criteria of SBTi.

Submission and validation
Assistance with documentation and submission of targets to SBTi.

Follow-up and reporting
Guidance on how climate targets can be followed up and reported in line with applicable standards.

We ensure that the company's climate targets are robust, credible and in line with government and market expectations.

Frequently asked questions about SBTi and climate targets

• • What is SBTi?

    SBTi (Science Based Targets initiative) is an international initiative that helps businesses set climate targets based on climate science.

  • What are science-based climate targets?

    There are climate targets based on climate research and global carbon budgets to limit warming to 1.5°C.

  • Is SBTi mandatory?

    No, but more and more companies are choosing SBTi to ensure credible climate work.

  • What does the ownership report mean for climate goals?

    The Ownership Report clarifies expectations that companies should have clear climate targets and work systematically to reduce emissions.

  • What is FLAG

    FLAG (Forest, Land and Agriculture) This is a set of climate targets for companies in the land-intensive sector. The purpose is to reduce land-based emissions and increase carbon uptake in accordance with science.

 

Get in touch with us:

• 

  Camilla H. H. Gulsett

  Senior Manager • ESG Manager • Oslo

  camilla.gulsett@aider.no

  +47 97 71 91 21

  LinkedIn

• 

  Adrian Apelseth

  Manager • Bergen

  Adrian.apelseth@emisoft.com

  +47 99 55 90 30

  LinkedIn

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