A two-month public consultation period has been launched for the development of science-based target setting methodologies, tools, and guidance for the building industry by the Science Based Targets initiative (SBTi). With buildings contributing over a third of global CO2 emissions, the resources aim to accelerate the transformation to a net zero economy. A webinar will be hosted to answer questions about the project’s development on 16 May. Separately, the SBTi has formed a technical collaboration with Smart Freight Centre (SFC) with the aim of accelerating the decarbonisation of the transport sector. The partnership will focus on providing technical guidance and comprehensive updates to existing resources, as well as defining best practices for accounting, monitoring, and reporting transport emissions in line with the 1.5°C pathways. The SBTi has also announced that it will be making updates to its submission process for science-based targets from 1 May. The changes include updated submission forms, additional information regarding forest, land, and agriculture (FLAG) activities, and the introduction of FLAG targets. Companies are advised to ensure they are using the latest resources and following the updated process if they wish to submit targets after 1 May. The new SBTi near-term and net-zero submission forms were published in March 2023 and must be used by companies from 1 May.
The #SBTi is making a range of updates to the #sciencebasedtarget submission process, effective May 1 2023.
🚨Companies that wish to submit targets following this date should ensure they are using the latest resources and following the updated process.https://t.co/wDYq9ex5QX
— Science Based Targets initiative (@sciencetargets) April 25, 2023