Science Based Targets initiative（SBTi）
Project Introduction
The Science Carbon Target Initiative (SBTi) was established in 2015 and is a global initiative jointly initiated by the Center for Global Environmental Information (CDP), the United Nations Compact (UNGC), the World Resources Institute (WRI), and the World Wildlife Fund (WWF) to help businesses set ambitious emission reduction targets based on the latest climate science. It is part of the commitment of the Global Business Climate Alliance (We Mean Business Coalition). This initiative defines scientific carbon goals and promotes best practices for setting scientific carbon goals, providing resources and guidance to reduce application barriers, and independently evaluating and reviewing corporate goals.
Enterprises need to set greenhouse gas emission reduction targets based on the emission reduction path proposed in the Paris Agreement to control global temperature rise at 1.5 degrees Celsius or far below 2 degrees Celsius, in order to become the Scientific Carbon Target (SBT). Since its launch in 2015, SBTi has quickly gained global recognition and is becoming an international business practice, with over 3300 companies joining so far.
Applicable objects
一、Advocate to promote corporate climate action and encourage companies in all fields to demonstrate their leadership by setting scientifically based emission reduction targets；
二、Encourage high emission industry enterprises to join and ensure low-carbon transformation of the economy；
三、The participants of the initiative do not include cities, local governments, government agencies, educational institutions, or other types of non-profit organizations, but encourage institutions to refer to scientific goal setting methodologies when setting greenhouse gas emission reduction targets。
Why participate？
According to official information from SBTi, as of the end of February 2023, approximately 4677 institutions worldwide have signed the Scientific Carbon Target Initiative, committing to setting scientific carbon targets. Among them, 291 institutions in China have signed commitment letters, and the carbon targets of 104 enterprises have been approved, such as JD Logistics and Lenovo.
The establishment of scientific carbon goals can not only prevent the adverse effects of climate change, but also effectively enhance the competitive advantage of enterprises in the process of transitioning to a low-carbon economy。
| ◆ Scientific carbon goals can guide enterprises to plan carbon reduction routes more reasonably and achieve sustainable and scientific emission reduction work； |
| ◆ The scientific carbon goals contain a long-term vision, which helps drive enterprise innovation, birth new technologies, and new financing options； |
| ◆ Scientific carbon goals help reduce corporate risks, increase investor confidence and credibility, and enhance corporate competitiveness； |
| ◆ Scientific carbon goals help companies respond to policy regulation and supply chain control, showcasing their commitment to sustainable development to the outside world。 |
Enterprises that have participated in SBTI
Abroad
Famous companies participating in SBTI validation include:
Coca Cola, Tesla, Volvo, Watsons, Adidas, Dell Computer, Chanel, Burberry, Starbucks, Carrefour, Amazon, General Motors, Hang Seng Bank, HP, IKEA, Jaguar Land Rover, Volkswagen, Dechang Electric, etc. | Domestic
Famous companies participating in SBTI validation include:
Alibaba, Tencent Holdings, Lenovo, Geely Holdings, JD, Vision, Trina Solar, Dongfang Special Steel, Yutong Bus, Zhongtong Express, Lixun Precision, ANTA Sports Products, NIO Holdings, etc. |
Steps to Participate in SBTI Scientific Carbon Goals
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Step 1
Register online and submit a commitment letter, promising to submit scientific carbon targets within the next 24 months;
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Step 2
Complete corporate carbon emission accounting and set scientific carbon targets based on the guidance tools provided by SBTi；
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Step 3
Submit the SBTI submission form, schedule an online review and verification time, and pay the review fee；
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Step 4
SBTI reviews the submitted forms of enterprises and provides written decision letters and audit reports；
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Step 5
After approval, SBTi will announce on its official website and partner websites that the company's carbon targets have been approved and guide the company's promotion；
After obtaining approval, companies should disclose their carbon emissions and emission reduction progress annually, which may include CDP, ESG sustainability reports, websites, etc。
The significance of the SBTi Scientific Carbon Goal Initiative
1.Enhance the brand image of the enterprise：
By participating in the scientific carbon target SBTi, companies can demonstrate their responsibility and role in environmental protection, and improve their brand image。
2.Reduce enterprise costs：
By achieving the scientific carbon target SBTi, companies can better manage their energy and resources, which can also reduce their costs。
3.Improve the competitiveness of enterprises：
In today's world where environmental awareness is constantly improving, having a good environmental record can also enhance the competitiveness of enterprises, so that we can win more customers and market share。
4.Contribute to sustainable development in the future：
By participating in the scientific carbon target SBTi, enterprises can contribute to sustainable development in the future and contribute to the achievement of global emission reduction goals and climate change agreements。
Services provided
- • Assist in submitting scientific carbon target commitments；
- • Conduct on-site research and greenhouse gas verification；
- • Establishing benchmarks and setting scientific carbon targets；
- • Official review appointment and communication
- • Submit SBTI application and respond to its technical verification until successful approval；
- • Assist enterprises in establishing carbon management information models, and cooperate with enterprises to complete annual monitoring and disclosure；
Zhongbang is one of the earliest institutions in China to engage in compliance consulting services. It has a senior expert team composed of PhDs, Masters, and Bachelor's degrees, and has established branches in the UK, the United States, South Korea, Beijing, Shanghai, Suzhou, Fuzhou, Shenzhen, and other places, forming a global service network layout.
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Strong technical strength：
A strong team composed of mid to senior technical personnel with professional backgrounds in chemistry, food nutrition and health, medicine, biology, toxicology, environment, and other fields
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International service level：
A business elite team with multiple languages including English, Japanese, German, and Chinese, efficiently serving international customers
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Rich compliance experience：
With years of experience in global product and regulatory research in multiple fields, we are able to provide comprehensive and high-level compliance consulting support to various customers
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Localized service capabilities：
Having multiple branch offices in the UK, USA, South Korea, Beijing, Shanghai, Suzhou, Fuzhou, Shenzhen, etc., we can provide you with services nearby
Service Hotline ：400-115-9001
Zhongbang Consulting (Shandong Zhongbang North Management Consulting Co., Ltd.) focuses on product registration and compliance consulting services. With its professional technology, diverse resources, and global network, we are committed to providing regulatory consulting and environmental regulation response services for pharmaceutical, chemical, consumer goods production enterprises, and large multinational corporations. To solve the environmental, health and safety laws and regulations, product quality standards, and other issues faced by enterprises in production, sales, and global trade processes.
Accumulated Customers
15,000+
Distributed in 35 countries and regions
12year
Industry experience
260+
Senior expert team
15+
Subsidiaries
300+
Collaboration Cases
Brand Cases
The choices and trust of over 15000 customers are the driving force for Zhongbang to continuously improve its services. We are willing to grow together with these excellent enterprises
Service Hotline：400-115-9001
How many years should your goals cover? What are the base year and the announcement year?
All objectives must cover a minimum of 5 years and a maximum of 10 years from the date the obj...
How has COVID-19 affected goal-setting? Does the SBTi have any specific guidance or recommendations on this topic?
For businesses that have been significantly impacted by the outbreak, the SBTi recommends choo...
What emissions are included and excluded in the target validation by the SBTi?
The SBTi requires companies to provide 100% of their greenhouse gas emissions for verification...
Can a business use a fiscal year instead of a Gregorian calendar year?
Yes. Businesses and financial institutions can use the Gregorian calendar year or fiscal year ...
Do companies have to set net zero targets?
Not really. However, businesses that commit to joining the SBTi on or after July 15, 2022 must...
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Consultation
400-115-9001