SBTi

Question 1

Which 4 organizations founded the SBTi?

Answer 1

1. CDP
2. World Resources Institute (WRI)
3. United Nations Global Compact
4. WWF (World Wildlife Fund)

Question 2

What are the 3 requirements of the SBTi

Answer 2

1. Near Term Target. 5-10 year timeframe of emissions reductions that in line with the amount needed to be in-line with the 1.5°C pathway
2. Long Term Target. Reduce emissions to a “residual level” by no later than 2050.
3. Neutralize Residual Emissions. Company must use carbon removal and storage technologies to remove the residual amount of CO2 they emit once they reach their net-zero target.

Question 3

For a Near Term target, what is the % of “Coverage” (included for accountability in your boundary) of your Scope 1 and Scope 2 emissions for your Near Term Target?

Answer 3

95%

Question 4

If your Scope 3 emissions are greater than 40% of your total, what is the % of “Coverage” (included) of your Scope 3 emissions for your Near Term Target?

Answer 4

67%

Question 5

What is the % of “Coverage” (included) of your Scope 1 and Scope 2 emissions for your Long Term Target?

Answer 5

95%

Question 6

What is the % of “Coverage” (included) of your Scope 3 emissions for your Long Term Target? What term do they use for the increase of Coverage % from the Near Term to Long Term target?

Answer 6

90%
Expansive Boundary Approach

Question 7

What are the 5 Stages or Steps of the SBTi Journey

Answer 7

1. Commit (Submit a Letter of Intent)
2. Develop (Determine your target(s))
3. Submit (to SBTi for validation)
4. Communicate (to Stakeholders, Public)
5. Disclose (Annual GHG inventory report)

Question 8

How many employees or less constitutes a Small or Medium Sized Enterprise (SME) in SBTi and what does that impact?

Answer 8

<500 and it means they are not required to submit Near-Term (5-10 years) based reduction targets

Question 9

As of Q4 2023, which 9 Industry Sectors does have SBTi have guidance for?

Answer 9

1. Apparel and Footwear
2. Aviation
3. Cement
4. Financial Institutions
5. Forest, Land & Agriculture (FLAG),
6. Information and Communications Technology (ICT)
7. Maritime
8. Power Generation
9. Steel

Question 10

from 2010 to 2030, what % of global emissions reduction must be achieved to limit to 1.5 degrees C of average warming?

Answer 10

45%

Question 11

At a high level, what 3 things does SBTi do? In other words, if explaining to someone who knows nothing about them, what 3 things do they do?

Answer 11

1. Defines and promote best practices
2. Provides guidance and resources to companies
3. Assesses and approves NZ targets for companies

Question 12

After how many years must your progress to your target be reviewed and potentially recalculated and revalidated?

Answer 12

Every 5 years