Science Based Targets initiative (SBTi)
Elevate your Environment, Social and Governance (ESG) profile by embarking on the path to a SBTi (Science-Based Net-Zero Target Setting). Wire Consultancy acts as a catalyst in translating your environmental ambitions into tangible, align goals and affirming your commitment to ESG principles.
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What is Science-Based Target Initiative (SBTi)?
Science Based Targets initiative (SBTi) is a global collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) that drives ambitious corporate climate action. It helps companies set science-based emissions reduction targets aligned with the Paris Agreement goal of limiting global warming to well below 2°C, preferably 1.5°C, compared to pre-industrial levels.
Setting the Stage for Transformation through Science Based Targets initiative (SBTi)
Net-zero has emerged as a paramount ESG objective. With the attention of investors, industry specialists, governments, and the public at large, the imperative is not whether companies should strive for net-zero, but rather, how to navigate this journey effectively and precisely. Whether your organization is initiating decarbonization efforts or seeking guidance to illuminate your value chain’s emissions and propel your strategy, our sustainability experts assist you throughout your decarbonization expedition.
At Wire Consultancy, our Science-Based Target Initiative (SBTi) services are designed to help organizations navigate the complex validation process with strategic precision and technical excellence. We provide end-to-end support that ensures your targets meet SBTi’s rigorous criteria while integrating seamlessly with your business strategy and operational capabilities.
Decarbonization Journey through SBTi
- Screening: Leverage expertise and data for GHG boundary definition, screening analysis, benchmarking, and materiality assessment.
- Baseline: Utilize data, software and expertise for GHG inventory, quantification of Scope-1, 2, and 3 emissions.
- Emission Reduction: Harness data and expertise data to analyze energy efficiency, material reduction potential, and product efficiency.
- Target Setting: Employ data and expertise to establish mid-term science-based targets (SBTi) and a long-term SBTi-net-zero goal.
- Reporting: Utilize data and expertise to ensure accurate emissions reporting and transparent stakeholder communication.
- Action: Leverage the resources to engage with your supply chain effectively and drive innovative eco-design practices.
The outcome of the established decarbonization path culminates in shaping a climate commitment. This commitment encompasses distinct climate objectives spanning short, medium, and long timeframes, accompanied by the formulation of an ultimate net-zero goal. This specific objective requires validation from recognized benchmarks, notably the Science Based Targets initiative (SBTi), to ensure its accuracy and alignment with scientific standards, adherence to the newly instituted net-zero standards.
SBTi Standards Followed
Our SBTi consultancy services adhere to the highest international standards and frameworks:
- SBTi Net Zero Standard: Complete alignment with the latest SBTi requirements for corporate net-zero target setting and validation.
- Greenhouse Gas (GHG) Protocol: Comprehensive emission quantification following internationally recognized accounting standards.
- ISO 14064 Series: Systematic greenhouse gas management and verification protocols.
- CDP Climate Disclosure: Integration with global environmental disclosure frameworks.
Why Partner with Wire Consultancy for SBTi?
Wire Consultancy offer unparalleled technical assistance and expert resources for SBTi (Science-Based Net-Zero Target Initiative) consultancy in pursuit of climate targets. Our support is aligned with the Net-Zero Standard, which comprises four crucial components defining a corporate net-zero target:
- Near-Term Science-Based Target: We aid in formulating 5-10 years emission reduction target that align with the imperative of limiting global warming.
- Long-Term Science-Based Target: Companies are guided to achieve a minimum of 90% emission reduction.
- Residual Emissions Neutralization: For the remaining 10% of GHG emissions not covered by the long-term target, we facilitate neutralization through permanent carbon removal solutions.
- Beyond Value Chain Mitigation (BVCM): Our approach encourages companies to proactively address emissions beyond their value chains.
Our team comprises Certified sustainability professionals and climate strategy specialists with extensive experience in SBTi target development, validation processes, and implementation support. Â
From initial carbon footprint assessment through SBTi validation and ongoing progress monitoring, we provide integrated services that ensure sustained advancement toward science-based targets.
Leverage our Methodological Expertise
Collaborate with us to develop your Science-Based Targets (SBTs), receiving guidance at each pivotal stage:
- Formulate emissions reduction goals for Scope-1, 2 and 3, including near-term science-based targets for tracking progress.
- Establish long-term net-zero target, incorporating target boundaries, year, and calculation methodology aligned with SBTi’s Net-Zero Standard.
- Identify and apply the suitable SBTi net-zero pathway tailored to your company’s requirements.
- Facilitate thorough target submission and validation process between your organization and SBTi.
We offer a comprehensive planning and execution support system facilitated by our expert team, empowering companies to achieve their climate targets through SBTi (Science Based Target Initiative) consultancy.
- Initiating with registration and submission of document according with SBTi standard
- Progressing through the SBTi Near Term Target Submission and Guidance
- Advancing to the SBTi Net-Zero Target Submission
- Assisting with the Target Update and guidance
- Streamline with Target Validation System
Ready to establish science-based climate commitments that drive real impact?
Science-Based Targets Initiative (SBTi) Consultancy Validate Your Climate Commitments with Global Science Standards
Contact Wire Consultancy today to begin your SBTi validation journey. Together, let’s translate your environmental ambitions into validated, science-based targets that position your organization as a leader in India’s transition to a sustainable, low-carbon economy.
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