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Banks 'resisting SBTi fossil fuel phase-out goals'
27 April 2022Some 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.
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GFANZ lamented for 'no clear signs it has achieved anything'
21 April 2022A 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.
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SBTi calls for end to coal financing by 2030
12 April 2022Financial institutions should phase out financing for coal by 2030 and oil & gas by 2040, the Science-Based Targets initiative (SBTi) has said.
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SBTi, CDP refute net-zero standards criticism
08 February 2022The methodology in a report criticising net-zero standard setters has been called into question by the Science-Based Targets initiative (SBTi) and CDP.
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Real estate decarbonisation standard under construction
18 January 2022A 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.
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SBTi launches draft financial sector net-zero 'foundations'
11 November 2021The 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.
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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 2021A 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.