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March 1, 2024

Science Based Targets initiative sets out path to ‘beyond value chain mitigation’

Emissions from factory chimneys
The SBTi says that ‘a company’s efforts to deliver BVCM must not replace or delay efforts to reduce its Scope 1, 2 and 3 emissions’ (Photo: Charlie Riedel/AP Photo)

The SBTi has published two reports explaining how companies can take climate action outside their supply chains

Companies should take measures to reduce greenhouse gas emissions and support climate action, even if such measures are not directly related to their own Scope 1, 2 and 3 emissions, the Science Based Targets initiative has said, calling on policymakers to mandate these actions through new regulations.

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