As environmental awareness grows, companies are under pressure to reduce their carbon footprint and actively contribute to the fight against climate change. This is where the Science Based Targets initiative (SBTi) comes in. But what exactly is SBTi, why is it crucial for companies to validate their decarbonization targets with this initiative, and how can they go about achieving this validation? This article guides you through these key questions.

1. Credibility and transparency: By having their targets validated by SBTi, companies show that they are serious about science-based decarbonization. This strengthens their credibility with stakeholders, including investors, customers and employees.
2. Anticipating regulations: Governments around the world are increasingly adopting policies aimed at reducing GHG emissions. By aligning themselves with targets validated by SBTi, companies can better prepare for future regulations and avoid potential costs associated with non-compliance.
3. Competitive advantage: Consumers and business partners are increasingly looking for environmentally responsible companies. Having decarbonization targets validated by SBTi can be a competitive advantage in the marketplace.
4. Innovation and cost reduction: Setting science-based targets encourages companies to innovate in their production processes and adopt cleaner technologies, which can also lead to long-term cost savings.

Validating decarbonization objectives with SBTi requires following a precise methodology, consisting of the following steps:

1. Commitment: The first step is to demonstrate a commitment to the initiative by submitting a letter of engagement signed by the CEO or a senior executive of the company, indicating the intention to define science-based objectives.
2. Development of targets: Companies must then develop emissions reduction targets in line with SBTi criteria. This involves assessing their current carbon footprint and identifying emission reduction opportunities in their direct operations and value chain.

3. Submission for validation: Once the objectives have been defined, they must be submitted to SBTi for validation. The initiative will review the submitted objectives to ensure that they are aligned with the scientific data and established criteria.
4. Communication and Implementation: After validation, companies need to publicly announce their objectives and start implementing strategies to achieve them. Transparent communication is essential to maintain credibility and commitment to objectives.
5. Monitoring and updating: Science-based targets should be regularly monitored and updated in line with progress and scientific developments. SBTi recommends re-evaluating targets every five years to ensure their relevance and continued alignment with scientific advances.

Validating decarbonization targets with SBTi is not just a strategic choice, it’s a necessity in today’s context of transition to a low-carbon economy. By adopting science-based targets, companies can not only enhance their credibility and prepare for future regulations, but also stimulate innovation, reduce costs and differentiate themselves in the marketplace.

If your company would like to embark on this path and needs support in validating its SBTi objectives, don’t hesitate to contact us. We’re here to help you navigate this complex process and make an active contribution to the fight against climate change.