Science Based Targets: What Executives need to know
- Dec 15, 2023
- 1 min read
Updated: Dec 18, 2023
In December we hosted an event together with CO2Logic and the Belgian Alliance for Climate Action (BACA) on the challenges & opportunities of Science Based Targets.
You can find the presentations that were shared and a short summary here below
Presentations:
Corporate Climate Action & What to expect from COP28 - Frederic Gagnon Lebrun (Global Senior Director, Climate Policy, Finance and Carbon Markets)
Introduction to Science Based Targets & what executives need to know - Jonas Van Bockhaven, Change Facilitator Climate at BACA
Key takeaways:
The SBTi is a exponentially growing global movement.
The effect of SBTs is leveraged via the stakeholder feedback loop. If you favour working with companies with SBTs, you can decarbonise your scope 3 emissions whilst incentivizing other companies to set SBTs as well.
There is increasing evidence that corporate decarbonisation offers opportunities rather than being a burden.
Achieving Science Based Targets - Challenges & Opportunities - Lizzy van Hoof, Senior Climate Solutions Advisor at CO2logic
Key takeaways:
The SBTi is the most common framework, available globally, to understand which targets your company needs to achieve to be aligned with science.
To achieve a drastic reduction in your carbon emissions, you need to rapidly accelerate the transition to renewable energy.
To have an understanding of the real cost of emissions mitigation, you also have to consider the cost of inaction as well as the social cost of carbon.
Since the majority of emissions are located in your scope 3, engagement with suppliers and customers is key for reaching your targets.
Case Study: The SBT Journey from a CEO's perspective - Sven Marinus, CEO of Pluxee Belgium (formerly Sodexo Pass Belgium).
Presentation:
