What exactly is a standard? What does it mean for the SBTi to become a standard-setter? And why is it important for the future of corporate climate action? Since announcing plans to become an independent entity, the SBTi has been on a journey from a partnership initiative to a formal voluntary standard-setter. This enables the SBTi to play a more influential role in shaping corporate sustainability practices, driving innovation, and accelerating measurable progress towards a more sustainable future. In this blog, SBTi Chief Technical Officer Alberto Carrillo Pineda explains the concept of standard-setting and the pivotal role standard-setters can play in corporate climate action. Read the blog here: https://lnkd.in/eRcy3CXY #SBTi #SBTiScaleUp #Standards #climateaction
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Stepping up our climate action efforts 🌍, we're now committed to the Science Based Targets initiative (SBTi), a pioneering force in corporate climate action. Aligning with the Paris Agreement goals, SBTi provides companies a clear roadmap for emissions reduction. Within its network of partners, SBTi collaborates with key organisations including CDP, United Nations Global Compact, We Mean Business Coalition, World Resources Institute, and WWF. As part of this proactive community, we're excited to join global organisations in a unified front and contribute to meaningful action on climate change 🏞️ View the full list of companies taking action here 👉 https://lnkd.in/gUqg6KM #ClimateAction #Sustainability #ESG #SBTi #EmissionsReduction #Environment #GlobalClimateGoals
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High-integrity #VCMs hold the potential to deliver additional mitigation and sustainable development impacts at speed and scale. VCMs with integrity can help finance urgent climate action, such as the protection and restoration of forests and nature, as well as bring benefits to indigenous people, local communities, and national economies. Our flagship event, 'Mobilizing Corporate Climate Action through High-Integrity Voluntary Carbon Markets', took place during #cop28 where VCMI showcased climate leadership by the companies who are pioneering action in a new era of high-integrity voluntary carbon markets (VCMs) to help keep 1.5 alive. VCMI and The Integrity Council for the Voluntary Carbon Market (ICVCM) have created the framework for high-integrity carbon markets. We urge more companies to adopt our guidelines and demonstrate their commitment towards climate leadership. Its only through making bold steps towards climate action and setting an example for others to follow that we will make a real impact. The time to act is now! Click the link below to watch the event in full: https://buff.ly/3NnL0uf
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As founding partner of the Climate Change Summit, BRD Groupe Société Générale is committed to fostering innovation, collaboration, and concrete actions to combat climate change. “For the 2024 edition of the Climate Change Summit, we aim to take several steps forward on the path towards a more sustainable world by discussing concrete topics that impact our lives and raising awareness about others. We have designed this event as an opportunity to bring together specialists, environmental activists, private companies, public institutions, and international organizations on the same stage to support collaboration and innovation in environmental matters and limiting climate change. We assure everyone interested in the subject and the conference that the guests of this edition, whose first representatives we announce now, will be outstanding, and we look forward to seeing many attendees on October 15-17,” said Flavia Popa, Secretary General of BRD Groupe Société Générale, founding partner of the Climate Change Summit. Together, we sow the seeds for for a greener tomorrow. Apply to #CCS2024 here: https://lnkd.in/dN5au7aT #ClimateChangeSummit #Sustainability #GreenInnovation #ClimateAction #Partnerships #BRD #Future
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Check out our new blog on Science Based Targets initiatives new Beyond Value Chain Mitigation (BVCM). The TLDR; the time to act is now!
🌍 New SBTi guidelines on taking action outside your own value chain ⛓ The Science Based Targets initiative (SBTi) just released their new guidance on how companies can engage in Beyond Value Chain Mitigation (BVCM) for their sustainability strategies . Our team at Klimate has actively participated in the work behind this groundbreaking guidance, and Kathryn and I just wrote a blog summing up new guidance 🤓 ⭐ In short, the new SBTi guidance encourages companies to invest in climate mitigation alongside science-based targets. BVCM is a game-changer, fostering short-term, immediate mitigation and funneling investments to scale necessary solutions, including removals. Key Takeaways: ✅ Four defined principles for BVCM implementation ✅ Three specific steps to implement BVCM alongside your net zero strategy: Pledge, Act, Report ✅ Larger role for carbon removal projects within SBTi's framework Importantly, the new guidance is non-prescriptive, meaning sustainability leaders must to choose their own path for BVCM, depending on what is right for their company, and accomplish strategic goals rather than numeric targets. Our thoughts on BVCM align closely with SBTi's principles, emphasizing integrity, quality, and safeguarding against adverse effects. We believe this guidance will accelerate corporate adoption and implementation, pushing companies to go "above and beyond" in their climate investments. Kudos to SBTi for paving the way towards removals as a key part of sustainability commitments. The coming months and years will show whether the new guidance provide enough incentive to encourage this. Nonetheless, the new BVCM guidance is a huge step in the right direction, as it provides companies with tangible guidelines for how to invest in projects that remove carbon from the atmosphere 🌿💚 🌐 Check out the full blog post here: https://lnkd.in/dNr3nKAg. #ClimateAction #SBTi #BVCM #Sustainability #Klimate #NetZero #BeyondValueChainMitigation #CarbonRemoval
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🌍 New SBTi guidelines on taking action outside your own value chain ⛓ The Science Based Targets initiative (SBTi) just released their new guidance on how companies can engage in Beyond Value Chain Mitigation (BVCM) for their sustainability strategies . Our team at Klimate has actively participated in the work behind this groundbreaking guidance, and Kathryn and I just wrote a blog summing up new guidance 🤓 ⭐ In short, the new SBTi guidance encourages companies to invest in climate mitigation alongside science-based targets. BVCM is a game-changer, fostering short-term, immediate mitigation and funneling investments to scale necessary solutions, including removals. Key Takeaways: ✅ Four defined principles for BVCM implementation ✅ Three specific steps to implement BVCM alongside your net zero strategy: Pledge, Act, Report ✅ Larger role for carbon removal projects within SBTi's framework Importantly, the new guidance is non-prescriptive, meaning sustainability leaders must to choose their own path for BVCM, depending on what is right for their company, and accomplish strategic goals rather than numeric targets. Our thoughts on BVCM align closely with SBTi's principles, emphasizing integrity, quality, and safeguarding against adverse effects. We believe this guidance will accelerate corporate adoption and implementation, pushing companies to go "above and beyond" in their climate investments. Kudos to SBTi for paving the way towards removals as a key part of sustainability commitments. The coming months and years will show whether the new guidance provide enough incentive to encourage this. Nonetheless, the new BVCM guidance is a huge step in the right direction, as it provides companies with tangible guidelines for how to invest in projects that remove carbon from the atmosphere 🌿💚 🌐 Check out the full blog post here: https://lnkd.in/dNr3nKAg. #ClimateAction #SBTi #BVCM #Sustainability #Klimate #NetZero #BeyondValueChainMitigation #CarbonRemoval
Science Based Targets Releases Guidance on Beyond Value Chain Mitigation
https://klimate.co
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Sustainability communicator | Impact Reporting | MSc in Climate Change from the University of Copenhagen
Monday recommended reading: Klimate's latest Insight written by Simon and I on Science Based Targets initiative's most recent publication advising on beyond value chain mitigation (or BVCM for short). In case you don't have enough time here's the TL;DR: it's time that companies take urgent action, and go "above and beyond" in their climate investments. Sounds simple enough, right?
🌍 New SBTi guidelines on taking action outside your own value chain ⛓ The Science Based Targets initiative (SBTi) just released their new guidance on how companies can engage in Beyond Value Chain Mitigation (BVCM) for their sustainability strategies . Our team at Klimate has actively participated in the work behind this groundbreaking guidance, and Kathryn and I just wrote a blog summing up new guidance 🤓 ⭐ In short, the new SBTi guidance encourages companies to invest in climate mitigation alongside science-based targets. BVCM is a game-changer, fostering short-term, immediate mitigation and funneling investments to scale necessary solutions, including removals. Key Takeaways: ✅ Four defined principles for BVCM implementation ✅ Three specific steps to implement BVCM alongside your net zero strategy: Pledge, Act, Report ✅ Larger role for carbon removal projects within SBTi's framework Importantly, the new guidance is non-prescriptive, meaning sustainability leaders must to choose their own path for BVCM, depending on what is right for their company, and accomplish strategic goals rather than numeric targets. Our thoughts on BVCM align closely with SBTi's principles, emphasizing integrity, quality, and safeguarding against adverse effects. We believe this guidance will accelerate corporate adoption and implementation, pushing companies to go "above and beyond" in their climate investments. Kudos to SBTi for paving the way towards removals as a key part of sustainability commitments. The coming months and years will show whether the new guidance provide enough incentive to encourage this. Nonetheless, the new BVCM guidance is a huge step in the right direction, as it provides companies with tangible guidelines for how to invest in projects that remove carbon from the atmosphere 🌿💚 🌐 Check out the full blog post here: https://lnkd.in/dNr3nKAg. #ClimateAction #SBTi #BVCM #Sustainability #Klimate #NetZero #BeyondValueChainMitigation #CarbonRemoval
Science Based Targets Releases Guidance on Beyond Value Chain Mitigation
https://klimate.co
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A day late, but the planet really deserves our focus every day! I'm proud to work with a team of dedicated individuals at Arcadis who are committed to elevating lifecycle thinking in our efforts to transform the built environment. Shoutout to Lauren Elliot Marjolijn Versteegden-Bakker Ian Minnes Nathalie Waelbroeck Roni Deitz, PE Margarida Gonçalves Jan Zandbergen and all my other Arcadian colleagues across the world who share this mission with me. Excited to spend the next three days at the WBCSD – World Business Council for Sustainable Development LD meeting, where we'll be focusing on Market Transformation for the Built Environment with the full value chain. The rapid expansion of the built environment demands urgent action. Despite technological advancements, our reliance on carbon-intensive materials remains a major contributor to the climate challenge. However, by considering the entire lifespan of buildings and other infrastructure, there is no doubt that we can minimize carbon impact and drive the transition away from extractive, high-impact consumption patterns toward regenerative, circular alternatives, guiding us towards a more sustainable future. Let's #DecarbonizeTogether and make a #FutureImpact by taking #climateaction and improving the quality of life for all.
As we prepare for the WBCSD – World Business Council for Sustainable Development LD meeting in Montreaux, Kathleen Abbott, our Global Business Development Officer, encapsulates our mission: "We don’t just embrace transformative action of the built environment — we drive it." Tackling climate change requires decarbonization efforts, focusing on whole-of-life carbon. Let's pledge to sustainable projects and initiatives such as the Built Environment Market Transformation Action Agenda, working together towards a decarbonized built environment by 2050. Read more: https://okt.to/mVGn1b #Sustainability #Decarbonization #BuiltEnvironment
Whole of life carbon: a key lever for a planet positive future
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This SBTi evolution is extremely important and should have a meaningful impact on accelerating momentum of the voluntary carbon markets. I hope this changes the tone of conversations with market actors by giving them confidence that investments outside of their value chain may ultimately be counted towards their hard-to-abate Scope 3 emission reduction plans.
Breaking: SBTi’s Trustees have decided to update the Net Zero Standard to allow companies seeking to follow SBTi’s Corporate Net Zero Standard to use carbon credits. This could very well be the most impactful statement of the year for the Verified Carbon Market (VCM), and we at Rubicon Carbon support it wholeheartedly. This decision represents a giant step forward for the market and global climate action because it enables companies to meet net-zero goals while driving decarbonization. By July 2024, SBTi will release more information regarding thresholds, guardrails, and rules for credit use. Evolution in thinking requires courage. We applaud SBTi for its willingness to change course here, and we acknowledge the many hours of hard work that have gone into SBTi’s Net-Zero Standard so far. We look forward to engaging with SBTi and our colleagues in the market as the rules evolve.
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Breaking: SBTi’s Trustees have decided to update the Net Zero Standard to allow companies seeking to follow SBTi’s Corporate Net Zero Standard to use carbon credits. This could very well be the most impactful statement of the year for the Verified Carbon Market (VCM), and we at Rubicon Carbon support it wholeheartedly. This decision represents a giant step forward for the market and global climate action because it enables companies to meet net-zero goals while driving decarbonization. By July 2024, SBTi will release more information regarding thresholds, guardrails, and rules for credit use. Evolution in thinking requires courage. We applaud SBTi for its willingness to change course here, and we acknowledge the many hours of hard work that have gone into SBTi’s Net-Zero Standard so far. We look forward to engaging with SBTi and our colleagues in the market as the rules evolve.
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As we prepare for the WBCSD – World Business Council for Sustainable Development LD meeting in Montreaux, Kathleen Abbott, our Global Business Development Officer, encapsulates our mission: "We don’t just embrace transformative action of the built environment — we drive it." Tackling climate change requires decarbonization efforts, focusing on whole-of-life carbon. Let's pledge to sustainable projects and initiatives such as the Built Environment Market Transformation Action Agenda, working together towards a decarbonized built environment by 2050. Read more: https://okt.to/mVGn1b #Sustainability #Decarbonization #BuiltEnvironment
Whole of life carbon: a key lever for a planet positive future
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SBTi transformation, please read