INDUSTRIES | Macroprism

Science Based Target Initiative (SBTi)

The Science-Based Targets initiative (SBTi) is a collaboration between CDP (formerly known as the Carbon Disclosure Project), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). It was launched in 2015 with the aim to help companies to set science-based emission reduction targets (SBTs) for reducing their greenhouse gas (GHG) emissions in line with the goals of the Paris Agreement.

The Science Based Targets initiative develops standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest. The Corporate Net-Zero Standard provides a common, robust, science-based understanding of net-zero. It gives companies clarity and confidence that their near- and long-term decarbonization plans are aligned with climate science by providing a clear, consistent and science-based definition of net-zero. By aligning with this Standard, companies can set science-based net-zero targets.

We use GHG Protocol (Greenhouse Gas Protocol) guidelines for Scope 1, Scope 2 and Scope 3 emission quantification. We use the sector specific guidance extensively to calculate GHG wherever applicable. We also use IPCC updated Methodology for Greenhouse Gas Inventories to supplement and validate our calculations.

For Logistics and Supply Chain specific GHG inventorization we also integrate Global Logistics Emissions Council (GLEC) framework guidelines into our calculations.

For Transportation sector specific GHG inventorization we also integrate ISO 14083-2023 guidelines and reporting standards. In applicable cases we apply EcoTransIT methodology to achieve better accuracy in GHG quantification.

Technical Expertise

Technical Expertise in GHG Protocols and Standards

GHG Protocol: In-depth understanding of the GHG Protocol Corporate Standard, Scope 1, 2, and 3 emissions.

ISO 14064: Knowledge of international standards for GHG emissions reporting and verification.

Science-Based Targets (SBTs): Familiarity with the development and setting of targets aligned with climate science.

Life Cycle Assessment (LCA): Expertise in life cycle assessment methodologies for calculating emissions across the product lifecycle.

Analytical Skills

Quantitative & Analytical Skills

Carbon Accounting Calculations: Ability to calculate direct (Scope 1), indirect (Scope 2), and value-chain (Scope 3) emissions using appropriate methodologies.

Scenario Analysis & Carbon Pricing: Understanding of scenario planning to evaluate the potential impacts of carbon pricing on supply chains.

Cost-Benefit Analysis: Skills in evaluating financial trade-offs between sustainability initiatives and emissions reduction.

Data Management

Data Collection & Management Skills

Supply Chain Data Mapping: Ability to trace and collect data from various stages of the supply chain, from raw material sourcing to product disposal.

Emission Factor Databases: Familiarity with key emission factor databases (e.g., DEFRA, EPA, Ecoinvent).

Data Integrity & Assurance: Ensuring the accuracy and reliability of data inputs and identifying gaps in emissions data across the supply chain.