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in September 2022 the Science Based Targets initiative (SBTi) launched the world’s first standard method for businesses in land-intensive sectors such as food, agriculture and forestry, to set science-based targets that include land-related emissions and removals - the Forest, Land and Agriculture (FLAG) Science Based Target Setting Guidance
Jun 30th 2023 The Science Based Targets initiative has updated the timelines for requiring Forest, Land and Agriculture (FLAG) science-based target setting and recalculation to align with the publication of the GHG Protocol Land Sector and Removals Guidance
Updated October 2 2024 to reflect the updated timeline published by the GHG Protocol regarding the release of the Land Sector and Removals Guidance.
The SBTi launches second public consultation on updated draft Power Sector Net-Zero Standard.
The SBTi announces Technical Council appointments for the new term.
SBTi issues call for input to inform revision of Forest, Land and Agriculture Standard.
Financial institutions can now continue to set near‑term targets using the Financial Institutions Near‑Term Criteria without an end date. This change follows company feedback and keeps the criteria aligned with the broader SBTi framework. Both the Net‑Zero Standard and the Near‑Term Criteria will remain available indefinitely. The option mirrors the new target structure in Corporate Net‑Zero Standard Version 2.0, which also permits near‑term‑only targets.
The Science Based Targets initiative (SBTi) is soliciting feedback from companies in the forest, land, and agriculture (FLAG) sectors to help develop new standards. Companies are encouraged to continue setting targets in accordance with the current guidance.
SBTi has appointed the next independent Technical Advisory Committee members. The appointments were made through a transparent and fair selection process, and the committee is responsible for reviewing and approving SBTi standards and normative documents. Members participate as individuals and are involved in SBTi decision-making.
SBTi has initiated a second public consultation on the draft revision of the power sector's net zero standards. This revision reflects feedback from the first consultation, additional research, and opinions from expert working groups. Once finalized, companies in the power sector will be able to set science-based targets to achieve global net zero by 2050.
SBTi Services has launched a Readiness Assessment Service for companies considering transitioning to the Corporate Net-Zero Standard Version 2.0. This service provides evidence-based evaluation and reporting, clearly outlining the necessary steps for companies to comply with the new standards.
The Science Based Targets initiative (SBTi) has announced the Corporate Net-Zero Standard Version 2.0 to promote corporate climate action. This new standard offers options aligned with corporate realities while maintaining scientific rigor. It aims to foster sustainable transformation in companies and support the achievement of climate goals.
The Science Based Targets initiative (SBTi) has updated the Absolute Contraction Approach (ACA). This enhances consistency and implementation in how companies set absolute emission reduction targets. The new methodology aligns with the forthcoming Corporate Net-Zero Standard V2.0.