
Beyond Value Chain Mitigation - Science Based Targets
2024年2月28日 · BVCM is defined in the SBTi Corporate Net-Zero Standard as “mitigation action or investments that fall outside a company’s value chain, including activities that avoid or reduce GHG emissions, or remove and store GHGs from the atmosphere.”
The SBTi releases new reports to help accelerate corporate climate ...
2024年2月28日 · SBTi highlights the importance of transparent BVCM claims. Companies can now make a VCMI “Carbon Integrity” claim and get recognized for accelerating global net zero, by using high-quality carbon credits to go above and beyond science-aligned emissions cuts.
Under the recommendations of SBTi Net-Zero Standard, companies should go beyond their near- and long-term science-based targets to further mitigate climate change by undertaking actions or making investments that support climate mitigation outside of their value chains, especially those that generate additional co-benefits for people and nature.
SBTi's Draft Corporate Net-Zero Standard Version 2.0
1 天前 · More recently, SBTi faced controversy when it announced its intention to allow offsetting for Scope 3 emissions, a decision deemed by many as too flexible. Carbon Removal Targets. One of the most significant changes for VCM participants in the Version 2.0 draft is the introduction of a structured approach to carbon dioxide removal (CDR).
SBTi proposes improvements to net-zero standards
2 天之前 · The Science Based Targets initiative (SBTi) has released a long-awaited draft update of its Corporate Net-Zero Standard (CNZS v2.0). ... (VCM). View all posts. Related posts. An industrial deal, but not a clean deal 26/02/2025 The European Commission’s Clean Industrial Deal and Omnibus package supports big polluters while the EU’s climate ...
SBTi pushes carbon offsetting decision to 2025, as evidence ... - edie
2024年7月30日 · The Science-Based Targets initiative (SBTi) will decide next year whether corporates can use carbon offsetting to a greater extent to meet their climate targets, summarising a wealth of evidence that most carbon credits sold in voluntary markets (VCMs) do not deliver their stated benefits.
The SBTi and BVCM: How carbon credits support the path to net …
2024年10月24日 · The SBTi introduces BVCM as a strategic mechanism for businesses to accelerate global progress towards net-zero emissions. BVCM refers to actions or investments a company undertakes outside its direct value chain that contribute to reducing greenhouse gas (GHG) emissions or removing and storing them from the atmosphere.
Carbon credits are in. SBTi recommends companies engage using …
2024年7月17日 · SBTi's BVCM reports officially include carbon credits as one type of mitigation as part of a net-zero commitment. Find out what you need to know about the new guidelines. Learn the steps and sub-steps of creating a BVCM strategy.
SBTi Draft Corporate Net-Zero Standard 2.0: What's new and why …
What is SBTi’s Corporate Net-Zero Standard? The SBTi Corporate Net-Zero Standard is the world's first framework for corporate net-zero target setting in line with climate science. It provides guidance, criteria, and recommendations to help businesses set science-based net-zero targets consistent with limiting global temperature rise to 1.5°C.
SBTi's major shift opens door to carbon removal credits in …
In a significant policy shift that could reshape corporate climate strategies, the Science Based Targets initiative (SBTi) unveils proposals allowing companies to use carbon removals (CDR) to meet their net-zero goals. If implemented thoughtfully and holistically, these changes could impact the voluntary carbon market (VCM) by potentially expanding demand into new sectors.