About Science Based Targets initiative (SBTi):
- It is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis.
- Mission: To drive science-based climate action in the corporate sector consistent with limiting warming to 1.5°C.
- SBTi develops standards, tools, and guidance which allow companies to set GHG emissions reduction targets.
- The SBTi validates companies' targets and assists other industry leaders in creating the best practice for their organisations with targets in line with the Paris Agreement.
- The SBTi was formed as a collaboration between the World Resources Institute, CDP, the United Nations Global Compact, and the World Wide Fund for Nature (WWF).
- The SBTi also helps companies and financial institutions worldwide to improve their risk management, attract investors, gain a competitive advantage, and become leaders in sustainability.
