Archive

  • SBTi board faces resignations and staff ire after change to carbon credit stance

    12 April 2024

    The Science-Based Targets initiative (SBTi) Board of Trustees has come under fire for changing its stance on corporate use of carbon credits for Scope-3 emissions reduction targets, which has been described as a "major departure" from existing policy.

  • Banks 'resisting SBTi fossil fuel phase-out goals'

    27 April 2022

    Some banks in the US and Asia continue to resist the Science-Based Targets initiative (SBTi)'s proposed timeline for phasing out financing for fossil fuels, a member of the think tank has said.

  • GFANZ lamented for 'no clear signs it has achieved anything'

    21 April 2022

    A group of civil society organisations has written to Michael Bloomberg and Mark Carney to demand the $138 trillion financial sector coalition they co-chair to step up its game, in a letter that complained the initiative had shown no signs that it has achieved anything.

  • SBTi calls for end to coal financing by 2030

    12 April 2022

    Financial institutions should phase out financing for coal by 2030 and oil & gas by 2040, the Science-Based Targets initiative (SBTi) has said.

  • SBTi, CDP refute net-zero standards criticism

    08 February 2022

    The methodology in a report criticising net-zero standard setters has been called into question by the Science-Based Targets initiative (SBTi) and CDP.

  • Real estate decarbonisation standard under construction

    18 January 2022

    A global standard for the real estate sector to set 'science-based' targets that help restrict global temperature rise to 1.5°C is set for release in April, it has been revealed.

  • SBTi launches draft financial sector net-zero 'foundations'

    11 November 2021

    The Science-Based Targets initiative (SBTi) has published its draft net-zero 'foundations' for financial institutions aimed at creating a "common language" around net-zero concepts and target setting for the sector.

  • SBTi launches Net-Zero Standard, a 'weapon against greenwashing'

    28 October 2021
  • SBTi says its net zero standard will tackle 'weak' corporate target-setting

    11 October 2021

    A standard for corporate net-zero target setting due to be published this month will require external verification in an effort to clamp down on "weak" and "inconsistent" pledges.

  • EDP emissions reduction plan approved by Science-Based Targets

    27 February 2017

    Portuguese utility EDP's emissions reduction plan has been confirmed as in-line with the Paris Agreement goal of keeping global warming well below 2°C, by NGO Science-Based Targets (SBT).