Science Based Agreement
Posted on March 29th, 2022 in Uncategorized | Comments Off on Science Based Agreement
“By working with SBTi thought leaders and experts, we are ensuring that the goals we have set for ourselves in the short term are rooted in the science needed to limit the rise in global temperatures in the long term,” said Amelia DeLuca, delta`s general manager of sustainability. “We are also having constructive discussions with policymakers in Washington, as the industry cannot significantly reduce its emissions without strong federal climate leadership.” Scientific objective means a [organisation/company/project] goal for reducing greenhouse gas emissions that is consistent with the latest climate science and is necessary to achieve the objectives of the Paris Agreement/Paris Agreement. “However, in order to have a chance of limiting warming to 1.5°C, we urgently need to expand the adoption of targets aligned with 1.5°C and consider them consistently. This strategy allows us to systematically provide companies around the world with the most robust framework for goal setting so that companies can confidently adapt to climate science. Change has already begun and measures are accelerating. More than a thousand companies around the world are leading the zero-carbon transition by setting climate science-based emissions reduction targets through the Science Based Targets Initiative (SBTi). Hundreds of them have strengthened their ambitions by committing to a commercial ambition of 1.5°C. Science-based targets will become standard business practices, and companies will play an important role in reducing global greenhouse gas emissions and supporting the implementation of countries` commitments. Carbon Trust: What is a scientific goal? SBTi is working to define a scientific standard for net-zero targeting to ensure that companies` goals translate into actions consistent with achieving a net-zero world by 2050 at the latest. Targets are considered “science-based” if they are consistent with what the latest climate science data deems necessary to achieve the Goals of the Paris Agreement – limiting global warming to well below 2°C above pre-industrial levels and continuing efforts to limit warming to 1.5°C. We encourage companies from all sectors and all sizes of companies to join the movement and commit to setting a science-based goal.
We recognize the differences between business units, which is why we develop industry-specific paths. This is the resounding conclusion of a new analysis of 338 companies that have set scientific targets that have assessed their progress against targets that should lead to emission reductions in line with the temperature target of 1.5 degrees Celsius set in the 2015 Paris Agreement. SBTi is a leading global partnership between leading non-governmental organizations that help the business community align its medium- and long-term climate goals with the science of the Paris Agreement. The company plans to work with SBTi to develop an approved emission intensity target that complies with industry guidelines to limit global warming to well below 2 degrees Celsius. The science targets show companies how much and how quickly they need to reduce their greenhouse gas emissions to prevent the worst effects of climate change and lead them on the path to decarbonisation. By guiding companies to achieve scientific goals, SBTi enables them to fight climate change while reaping the benefits and increasing their competitiveness in the transition to a net-zero economy. Step 2: Develop a target Once your company has committed to science-based targets, it has a maximum of 24 months to develop a science-based absolute emissions or absolute emissions intensity reduction target with the support of a technical working group. Delta Air Lines is committed to setting a new emissions target for its global flight operations, in line with the climate science behind the Paris Agreement. This commitment complements Delta`s already leading climate action, including the voluntary capping of emissions at 2012 levels, the commitment to carbon neutrality from March 2020 and the ambition to replace 10% of its conventional kerosene with sustainable aviation fuel (SAF) by the end of 2030. To determine if a goal is scientifically sound, our team of experts will review your submission, validate it against our scientific criteria, and communicate their decision and detailed comments. More than 1,200 companies worldwide are leading the transition to a net-zero economy by setting climate science-based emission reduction targets through SBTi. As of February 2020, more than 590 companies had approved scientifically sound goals with SBTi.
In 2019, the companies that had joined the SBTi had operating emissions totaling more than 750 million tons of carbon dioxide, more than the annual emissions of France and Spain combined. Their combined market capitalization was over $10.8 trillion. Given the magnitude of their emissions and capital, emission reduction and climate action in these companies can lead to significant changes in global emissions. .