Air transportation- airport servicesBuilding productsConsumer durables, household and personal productsEducation servicesFood production- agricultural productionFood production- animal source food productionForest and paper products - forestry, timber, pulp and paper, rubberHotels, restaurants and leisure, and tourism servicesProfessional servicesSoftware and servicesSpecialized consumer servicesTelecommunication servicesTrading companies and distributors, and commercial services and suppliesValidation servicesAutomobiles and componentsBanks, diverse financials, insuranceChemicalsConstruction and engineeringConstruction materialsContainers and packagingElectric utilities and independent power producers and energy traders (including fossil, alternativeElectrical equipment and machineryFood and beverage processingFood and staples retainingGas utilitiesGround transportation- highways and railtracksGround transportation- railroads transportationGround transportation- trucking transportationHealthcare equipment and suppliesHomebuildingMediaMining- iron, aluminum, other metalsMining- other rare minerals, precious metals and gems)Oil and gasPharmaceuticals, biotechnology and lifeReal estateRetailingDeveloping standards, tools, and guidance for science-based climate actionProviding target validation servicesOperating a target dashboardProviding a resource librarySBTi ServicesSBTi Trend Tracker 2025Semiconductors and semiconductors equipmentSolid waste management utilitiesTechnology hardware and equipmentTextiles, apparelTiresTobaccoWater transportationWater utilitiesOtherConsultingUtilitiesTarget dashboardResource libraryCorporate Net-Zero StandardStandards and guidanceMarket researchData analyticsSurvey servicesWebsite design and development
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Network
NETWORK
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History
6 EVENTS
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.
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News
7 ARTICLES
Near-Term Criteria Continue for Banks
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.
SBTi Seeks Public Feedback on Forest, Land, and Agriculture Standard Revisions
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 Announces New Members of the Technical Advisory Committee
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 Re-Announces Draft Revision of Power Sector Net Zero Standards
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 Launches Readiness Assessment Service for Corporate Transition to New Standard
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.
Science Based Targets initiative releases Net-Zero Standard V2.0
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.
SBTi updates Absolute Contraction Approach to improve consistency and implementation
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.
