What is SBTi?
The Science-Based Targets initiative (SBTi) is a global initiative that helps businesses set science-based climate targets aligned with the latest climate science to reduce greenhouse gas (GHG) emissions and contribute to the goals of the Paris Agreement. SBTi certification involves setting clear, measurable targets that align with the necessary actions to limit global temperature rise to 1.5°C.
For companies looking to demonstrate their commitment to sustainability, achieving SBTi certification is a powerful way to showcase their environmental responsibility and leadership. By aligning your business operations with these science-based targets, you contribute to the global effort to mitigate climate change and reduce carbon footprints.
What is the objective of SBTi?
The primary goal of SBTi is to align corporate emissions reduction targets with scientific evidence on climate change. By doing so, companies can contribute to global efforts in limiting global warming to well below 2 degrees Celsius above pre-industrial levels and pursuing efforts to limit it to 1.5 degrees Celsius, as outlined in the Paris Agreement.
By participating in the SBTi, companies can enhance their credibility, demonstrate leadership in climate action, and align their sustainability strategies with global climate goals. Additionally, SBTi plays a crucial role in driving corporate action towards a low-carbon economy and fostering collaboration among businesses, policymakers, and civil society to address climate change challenges collectively.
PQSmitra Team helps organizations to implement the requirements and assist them in compilation of the GHG inventory, successful target development and proper documented submission to SBTi. The methodology of system implementation covers Initial review, planning followed by implementation, and documentation. PQSmitra Team offers active support and hand-holding to organizations to achieve successful system implementation and positive target setting results. 100% documentation support is offered to expedite the submission and validation process.
PQSmitra offers specialized SBTi consulting services, guiding businesses through the Science Based Targets Initiative for sustainable and impactful practices in India.
Why is SBTi Certification Important?
- Global Recognition: SBTi certification is internationally recognized as a gold standard for corporate climate action. It helps businesses gain credibility and enhance their reputation as environmental leaders.
- Climate Action Leadership: Companies with SBTi certification are seen as proactive in their approach to climate change and carbon emissions reduction, setting themselves apart from competitors.
- Increased Investor Confidence: Investors are increasingly prioritizing sustainability. Companies that set science-based targets show a strong commitment to long-term value and are more attractive to eco-conscious investors.
- Regulatory Compliance: As governments around the world implement stricter climate regulations, SBTi certification ensures that your business is aligned with international climate goals and is prepared for future regulatory changes.
How PQSmitra Can Help You with SBTi Certification
At PQSmitra, we provide SBTi consulting services to guide your business through the entire certification process. Our team of experts helps you develop and implement science-based climate targets in line with the SBTi criteria, ensuring your goals are aligned with the most recent climate science.
Our SBTi Consulting Process:
- Initial Assessment: We conduct a thorough evaluation of your business’s existing emissions and sustainability practices.
- Target Setting: Based on the SBTi framework, we help you set specific, measurable, and science-based climate targets for emissions reductions.
- Action Plan Development: We assist you in creating a roadmap and action plan to meet these targets, with clear steps to reduce carbon emissions across your operations.
- Implementation & Monitoring: PQSmitra supports the implementation of your climate action plan, ensuring that progress is tracked, and adjustments are made to stay on course.
- Certification Application: Once your targets are set and the plan is in place, we assist you with the SBTi certification application and submission.
Why Choose PQSmitra as Your SBTi Consultant?
- Expertise and Experience: As a leading sustainability consultancy in India, PQSmitra has a team of skilled consultants with deep knowledge of SBTi certification and climate action strategies.
- Tailored Solutions: We understand that every business is unique. Our consultants will work with you to develop customized sustainability solutions that are aligned with your company’s needs and goals.
- Comprehensive Support: From target setting to certification application, PQSmitra offers end-to-end SBTi consulting services, ensuring you are fully supported throughout the process.
- Proven Success: We have helped numerous companies across various industries achieve SBTi certification, enabling them to meet their sustainability goals and drive long-term success.
SBTi Consultant Services for Your Business
Our SBTi consultants are equipped to guide your business through the complexities of the SBTi framework. They provide expert advice on:
- Climate Target Setting: Determining the right science-based targets that fit your business’s size, industry, and operations.
- Carbon Footprint Measurement: Accurately measuring your emissions and identifying areas for improvement.
- Sustainability Strategy Integration: Integrating your sustainability targets with your broader corporate strategy to ensure they are practical and actionable.
- Reporting & Transparency: Helping you communicate your progress to stakeholders through transparent reporting practices.
How to Get Started with SBTi Certification:
If your business is ready to take the next step toward becoming a leader in climate action, PQSmitra is here to help. Here’s how you can get started:
- Reach Out to Our Team: Contact us for a consultation and discuss how SBTi certification can benefit your organization.
- Get a Customized Assessment: Our consultants will evaluate your current sustainability practices and help you set your climate targets.
- Start Your SBTi Journey: Once we’ve identified the right targets and strategy, we’ll guide you through the process of SBTi certification.
VIDEO : SBTi Reporting
Testimonials
Mr. Hariba Deshwal
We appreciate your support & also we wish you for your continual achievements.
Mr. Kunal Shah
Dedicated & punctual approach from the PQS Representative was very helpful. The knowledge & insights were vital to serve our purpose.
Mr. Surendra Yadav
We thank the company PQS for a very friendly guidance, at the same time very professional approach as needed.
Mr. Ramchandra Deshpande
It is indeed nice, knowledgeable & fruitful experience to work with PQS Team. Looking forward for a long term relationship.
Ms. Unnati Chamadia
Truly very hassle free. All the processes were done better than expected.
Hassle-free SBTi Target setting and submission Process with PQSmitra
PQSmitra adopts a result-oriented approach for effective system implementation at the organization. This simple and practical method of system implementation helps organizations to enhance business performance and sustainability.
The implementation process is described below:
Simple & Practical Methodology
Frequently Asked Questions (FAQ)
The Science Based Targets initiative (SBTi) is a non-profit organization that works with companies to set science-based targets for reducing greenhouse gas emissions. The SBTi’s focus points are:
- Increasing the number of companies that have set science-based targets
- Ensuring that science-based targets are credible and ambitious
- Making science-based targets accessible to all companies
- Driving investment in climate action
- Influencing policy and regulation
The SBTi’s focus points are all essential to achieving its goal of mitigating climate change. By increasing the number of companies with science-based targets, ensuring that targets are credible and ambitious, making targets accessible to all companies, driving investment in climate action, and influencing policy and regulation, the SBTi can help to build a more sustainable future.
The Benefits of SBTi are as follows:
- Reduced risk
- Improved reputation
- Increased innovation
- Future-proofing
- Improve their operational efficiency
- Attract and retain top talent
- Comply with regulations
By setting their targets with SBTi, companies can help to mitigate climate change and build a more sustainable future.
The Science Based Targets initiative (SBTi) is characterized by the following key aspects:
- Science-based
- Collaborative effort
- Ambitious and measurable targets
- Multiple target-setting pathways
- Robust methodology
- Guidance and support
- Credibility and recognition
- Driving corporate action
Overall, the characteristics of SBTi demonstrate its commitment to scientific rigor, collaboration, ambition, and providing the necessary tools and guidance for companies to take meaningful climate action.
- Companies from all sectors and sizes are eligible to participate in SBTi. To facilitate this, SBTi has developed sector-specific guidance to assist companies to develop science-based targets. Organizations which have fewer than 500 employees are categorized as SMEs, which are also eligible for SBTi.
The Process flow of SBTi is divided in 5 steps:
- Commit
- Develop targets
- Submit
- Communicate
- Disclose
- 2000: CDP is founded as Carbon Disclosure Project
- 2002: CDP expands its scope to include other environmental issues, such as deforestation and water security
- 2008: CDP launches its climate change scoring system.
- 2013: CDP shortens its name to CDP
- 2015: CDP publishes its first water security report
- 2016: CDP launches its Forests programme.
- 2018: CDP launches its supply chain programme.
- 2021: CDP launches its new strategy to cover all planetary boundaries.
There are four types of targets available on the Science Based-Targets Initiative for companies to show their commitment to GHG emissions reduction:
- Near Term Target
- Net Zero Target
- FLAG Target
- Targets for Financial Institutions
- Yes, there are 28 criteria for setting Near-term and 37 criteria for setting Net Zero targets.
- The duration for targets is 5 years at minimum and 10 years at maximum for Near-Term targets and year 2050 for Net-Zero target.
SBTi has defined the following method of disclosures as acceptable
1. Disclosure via CDP
2. Annual Reports
3. Sustainability reports
4. On Company’s website.
- SBTi has created an exclusive streamlined process for target validation for SMEs, which allows them to bypass the initial commitment phase.
- There is a cost applicable for target validation services on SBTi, which vary as per the target submitted.