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What is the Science-Based Targets initiative (SBTi)?

Sphera

Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. In the Paris Agreement, world governments committed to curbing global temperature rise to 2°C above pre-industrial levels.

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Investors Search for Answers

Chris Hall

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. We need to go beyond providing definitions and explain how these concepts translate into practical outcomes for investors,” she said.