The Science Based Targets initiative (SBTi) is a charitable organization that provides corporations with the framework and tools to achieve their emission reduction targets. When a company commits to SBTi, it pledges to build systems to reduce its emissions and implement the tools provided by SBTi. Operating internationally, SBTi serves as a validation system to ensure companies make progress in line with global standards. Continuously updating both its validation arm and overall reduction goals, SBTi stays aligned with the latest scientific advancements. The initiative emphasizes that climate responsibility lies primarily with corporations rather than consumers and aims to help businesses meet their obligations.
How SBTi Works - SBTi evaluates a company's production, supply chain, distribution, and operating emission costs. The goal is to standardize the entire process to meet SBTi qualifications. By optimizing production processes and implementing best practices, companies can minimize waste and increase efficiency. The future of sustainability relies on sourcing renewable materials and reimagining carbon-neutral factories. SBTi promotes the use of fuel-efficient or electric vehicles and encourages keeping distribution in-house to effectively monitor emission reductions. Companies are encouraged to source and produce locally, reducing transportation distances and improving inventory management to minimize the need for expedited shipping. Implementing internal carbon pricing and complying with regulations can help companies manage and reduce operating emission costs. By demonstrating a commitment to sustainability, companies can enhance their brand reputation and attract investment, ultimately achieving their carbon neutrality goals while improving efficiency and reducing waste.
SBTi Implementation Examples
Nestlé has adopted energy-efficient technologies and switched to renewable energy sources, significantly cutting its carbon footprint. They have incorporated bio-based materials into their production processes and packaging materials. In compliance with EU regulations, Nestlé has also transitioned many of its production facilities to draw from renewable energy sources.
IKEA has made significant strides in reducing transportation emissions by switching to electric delivery vehicles in many cities. By sourcing and producing locally, IKEA has cut down transport distances and improved inventory management, avoiding rushed shipping.
Microsoft has implemented internal carbon pricing, charging its business units for their carbon emissions, which pushes them to adopt more sustainable practices. This approach helps manage and reduce emission costs while boosting their commitment to sustainability.
By committing to sustainability, these companies enhance their brand reputation and attract investment. SBTi plays a crucial role in improving corporate practices for all stakeholders, aiming to reduce carbon emissions systematically. The carbon footprints of corporations are often considered too large to evaluate and too expensive to monitor. Individual approaches are frequently controversial and rarely effective. However, the comprehensive framework provided by SBTi instills confidence in its approach. It's essential to hold all companies accountable for their role in the climate crisis. Global corporations, especially, must prioritize their commitments to ensure we address the climate crisis effectively.
To learn more about how Fairatmos and other organizations meet SBTi goals, you can visit their website. Additionally, you can explore Fairatmos' projects, which strive to meet SBTi standards and reduce emissions for partners and stakeholders.
About Fairatmos
Fairatmos is a climate technology company that helps you to discover, develop and deliver high quality carbon offset projects at scale. We believe in the power of nature to heal and remove greenhouse gasses from our atmosphere with the help of technology.
Our technology leverages remote sensing and satellite images to help communities and companies to discover their forest carbon credit potential, converting them from logging the forest to preserving and rehabilitating the forest confidently.
With high precision monitoring technology, we help to track carbon project performance and integrity, ensuring the social impact and biodiversity preservation. With confidence in integrity, we connect carbon offsetting companies to quality projects.
Today we have worked with more than 200 asset owners, processing more than 18M hectares of forest carbon potential across South East Asia to deliver the promise of inclusivity.
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