Carbon Clear News

In the latest news from the movement for science-based targets, the Science Based Target Initiative (SBTi) have launched a new service for target validation, which will be available from 31st August this year. The service has been designed to increase the speed of validation (within 20 business days) and provide businesses with more in-depth feedback from target reviewers.

The new service will be subject to a cost of USD 5,000 per submission (includes up to two target assessments). Although the existing free service will continue to be available until the end of the year, please note that from 2019 this will be discontinued and the new cost and service will apply to any submissions to the SBTi.

The corporate momentum behind setting meaningful Science Based Targets (SBTs) on carbon reductions is building with the total count of companies that have either publicly committed to or set SBTs now sitting at a healthy and ever-increasing total of 406 organisations. It is great to see progress being made recently, including many large players such as AB InBev, McDonald’s, Ericsson and Suez having had their SBTs formally set and approved by the Science Based Targets Initiative (SBTi) in the first quarter of 2018 alone.