‘The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The new corporate net zero standard by the Science-Based Targets initiative (SBTi) encourages businesses to invest in projects and activities that further avoid and remove emissions beyond their value chain – in parallel with reducing emissions in line with science directly across all of their direct and indirect operations.
While corporate decarbonization will play a critical role in reaching net zero, a significant amount of emissions occur beyond the reach of corporate supply chains. The private sector can play a monumental role in bridging this emissions gap, supporting the Paris Agreement, and getting ahead of impending regulation.