SBTi (Science-based Targets Initiative) is an initiative designed to help companies reduce their greenhouse gas (GHG) emissions. Ultimately, it aims to contribute to the fight against global warming.
To learn more about SBTi, please refer to this article from our Leaf media.
1. Reduction targets
In accordance with the rules laid down in the SBTi Corporate Net Zero Standard, these targets must take into account scopes 1 and 2 as defined by the Greenhouse Gas Protocol (GHG). Scope 3 must also be considered if it represents more than 40% of the company's total emissions.
The targets are approximately 4.2% for scopes 1 and 2, and around 7% for scope 3. However, these may vary according to the company's sector of activity.
2. The SBTi process
Register on the SBTi website: you will be asked a series of questions to help you define your company's sector of activity.
Develop the trajectories: once your sector has been defined on the Greenly platform, the reduction targets recommended by SBTi for you are automatically defined. You can then choose the actions that will enable you to meet these targets.
Submit your file: a spreadsheet summarizing your company's emissions and potential reductions is automatically filled in; it has to be sent to SBTi via your account.
Be certified: SBTi reviews your file and, if it is deemed compliant, certifies your climate strategy as SBT-compliant.
3. The sectors
SBTi classifies companies into different sectors:
Small and Medium Enterprises (SME)
Specific sectors (SDA - Sectoral Decarbonization Approach): aluminum, air transport, construction, chemicals, cement, financial institutions, forestry and agriculture, information and communication technologies, land transport, maritime transport, oil and gas, electricity, steel.
Corporate (which are neither SMEs nor specific sectors)
Please note: SBTi has its own criteria for defining whether your company belongs to a sector. For example, just because you define your company as an SME does not mean that SBTi will classify it as such.