SlideShare a Scribd company logo

8th Strategic Dialogue of the CMP - Scarlett Benson, SBTi

Session 2B presentation from the 8th Strategic Dialogue of the Carbon Market Platform, 23-24 October 2023

1 of 6
Download to read offline
0
PARTNER ORGANIZATIONS IN COLLABORATION WITH
Beyond Value Chain Mitigation: Raising the
bar on corporate climate action
8th Strategic Dialogue of the Carbon Market Platform
Scarlett Benson, Beyond Value Chain Mitigation Lead at the
Science Based Targets initiative (SBTi)
23rd October 2023
1
1
There are currently* more than 6000 companies committed to the SBTi
6323
companies
3696
business with
approved
targets
2518
net-zero
commitments
* As of 19th October 2023
2
2
Despite increasing adoption of science-based targets, there is still an
enormous way to go to avoid the worst impacts of climate change
Julie Jacobson / AP
Global tracked climate finance flows and the average estimated
annual climate investment need through to 2050
Source: https://www.climatepolicyinitiative.org/wp-content/uploads/2022/10/Global-Landscape-of-Climate-Finance-A-Decade-of-Data.pdf
Julie Jacobson / AP
3
3
In recognition of the need to scale climate mitigation finance, the SBTi
introduced beyond value chain mitigation (BVCM) in the Corporate Net-
Zero Standard launched in 2021
Emissions
(tCO
2
e)
By 2050 at the latest
5 to 10 years
Net-zero emissions
Neutralization of residual emissions at the net-zero target
date
Abatement within the value chain (includes removals for the forest,
agriculture and land (FLAG) sector only)
BVCM: mitigation beyond a company’s value chain (emissions
reductions and removals)
1.5°C-aligned emissions pathway
Near-term science-based target
R9 – Beyond value chain climate mitigation: Companies should take action or make investments outside their own value chains to mitigate
GHG emissions in addition to their near-term and long-term science-based targets. For example, a company could provide annual support to
projects, programs and solutions providing quantifiable benefits to climate, especially those that generate additional co-benefits for people and
nature. Companies should report annually on the nature and scale of those actions, pending further guidance.
4
4
The SBTi intends to publish corporate guidance on BVCM in early 2024 to
drive private sector climate finance at scale
FINANCING NEED
Focusing on underfinanced
mitigation
SCALE
Maximizing climate mitigation
Shutterstock
CO-BENEFITS
Supporting the SDGs
CARE India
CLIMATE JUSTICE
Addressing inequality
Pu Huang/Reuters
Peak emissions by
2025; halve emissions
by 2030
Transform the system
to achieve net-zero by
mid-century
BVCM Goals and Principles*
*Please note that the BVCM Guidance is still under development
5
sciencebasedtargets.org
/science-based-targets
@ScienceTargets Science Based Targets
info@sciencebasedtargets.org
IN COLLABORATION WITH
PARTNER ORGANIZATIONS
Thank you
Ad

Recommended

Setting Science-based Targets for Apparel, Textiles and Footwear Sectors
Setting Science-based Targets for Apparel, Textiles and Footwear SectorsSetting Science-based Targets for Apparel, Textiles and Footwear Sectors
Setting Science-based Targets for Apparel, Textiles and Footwear SectorsScience Based Targets
 
GreenBiz Forum 2015 Tutorial Slides: "The Science of Science-Based Goals" - N...
GreenBiz Forum 2015 Tutorial Slides: "The Science of Science-Based Goals" - N...GreenBiz Forum 2015 Tutorial Slides: "The Science of Science-Based Goals" - N...
GreenBiz Forum 2015 Tutorial Slides: "The Science of Science-Based Goals" - N...GreenBiz Group
 
Net zerotargetsettinginfinancialsector
Net zerotargetsettinginfinancialsectorNet zerotargetsettinginfinancialsector
Net zerotargetsettinginfinancialsectorPatrickTanz
 
BCI Equinox 2022 - CLB Kien Truc Xanh - Ms Joy Esther Gai Jiazi -EN
BCI Equinox 2022 - CLB Kien Truc Xanh - Ms Joy Esther Gai Jiazi -ENBCI Equinox 2022 - CLB Kien Truc Xanh - Ms Joy Esther Gai Jiazi -EN
BCI Equinox 2022 - CLB Kien Truc Xanh - Ms Joy Esther Gai Jiazi -ENARDOR
 
1st FGD OECD Guidance on Transition Finance - Elia Trippel & Valentina Belles...
1st FGD OECD Guidance on Transition Finance - Elia Trippel & Valentina Belles...1st FGD OECD Guidance on Transition Finance - Elia Trippel & Valentina Belles...
1st FGD OECD Guidance on Transition Finance - Elia Trippel & Valentina Belles...OECD Environment
 
Financing Industry Decarbonization: Marcia Yu, IFC.pdf
Financing Industry Decarbonization: Marcia Yu, IFC.pdfFinancing Industry Decarbonization: Marcia Yu, IFC.pdf
Financing Industry Decarbonization: Marcia Yu, IFC.pdfOECD Environment
 
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party Standards
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party StandardsEnergy & Sustainability Goal-Setting: A Guide To 7 Top Third Party Standards
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party StandardsLeon Pulman
 

More Related Content

Similar to 8th Strategic Dialogue of the CMP - Scarlett Benson, SBTi

Sustainability goal setting guide to 7 top third party standards
Sustainability goal setting guide to 7 top third party standardsSustainability goal setting guide to 7 top third party standards
Sustainability goal setting guide to 7 top third party standardsJackson Seng
 
Climate Action 100+ Net Zero Company Benchmark: October-2022-Benchmark
Climate Action 100+ Net Zero Company Benchmark: October-2022-BenchmarkClimate Action 100+ Net Zero Company Benchmark: October-2022-Benchmark
Climate Action 100+ Net Zero Company Benchmark: October-2022-BenchmarkEnergy for One World
 
Sustainability with SAFe : Can SAFe be an accelerator of the sustainability t...
Sustainability with SAFe : Can SAFe be an accelerator of the sustainability t...Sustainability with SAFe : Can SAFe be an accelerator of the sustainability t...
Sustainability with SAFe : Can SAFe be an accelerator of the sustainability t...Agile En Seine
 
GHG Science based targets
GHG Science based targetsGHG Science based targets
GHG Science based targetsLeonardo ENERGY
 
The Fashion Climate Fund and Climate Solutions Portfolio
The Fashion Climate Fund and Climate Solutions PortfolioThe Fashion Climate Fund and Climate Solutions Portfolio
The Fashion Climate Fund and Climate Solutions Portfolioringoyu2
 
What You Need to Know: The EU Non-Financial Reporting Directive and what its ...
What You Need to Know: The EU Non-Financial Reporting Directive and what its ...What You Need to Know: The EU Non-Financial Reporting Directive and what its ...
What You Need to Know: The EU Non-Financial Reporting Directive and what its ...CDSB
 
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...
CCXG Global Forum March 2018, Climate, Growth and Infrastructure:Where to fr...CCXG Global Forum March 2018, Climate, Growth and Infrastructure:Where to fr...
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...OECD Environment
 
Net Zero in Medicines Manufacturing: Measuring and Reporting Carbon Footprint
Net Zero in Medicines Manufacturing: Measuring and Reporting Carbon FootprintNet Zero in Medicines Manufacturing: Measuring and Reporting Carbon Footprint
Net Zero in Medicines Manufacturing: Measuring and Reporting Carbon FootprintKTN
 
Challenges and best practices in financing to accelerate industry decarbonisa...
Challenges and best practices in financing to accelerate industry decarbonisa...Challenges and best practices in financing to accelerate industry decarbonisa...
Challenges and best practices in financing to accelerate industry decarbonisa...OECD Environment
 
Complying with UK GHG regulations: Using CDSB's Reporting Framework
Complying with UK GHG regulations: Using CDSB's Reporting FrameworkComplying with UK GHG regulations: Using CDSB's Reporting Framework
Complying with UK GHG regulations: Using CDSB's Reporting FrameworkCDSB
 
Nature-based solutions: Understanding the lay of the land
Nature-based solutions: Understanding the lay of the landNature-based solutions: Understanding the lay of the land
Nature-based solutions: Understanding the lay of the landWorld Resources Institute (WRI)
 
Science Based Targets initiative Call to Action
Science Based Targets initiative Call to ActionScience Based Targets initiative Call to Action
Science Based Targets initiative Call to ActionLindseyLongendyke
 
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...OECD Environment
 
Leading by Example in the Public Sector
Leading by Example in the Public SectorLeading by Example in the Public Sector
Leading by Example in the Public SectorEMEX
 
Foundations for Net Zero Target Setting Using a Science Based Approach
Foundations for Net Zero Target Setting Using a Science Based ApproachFoundations for Net Zero Target Setting Using a Science Based Approach
Foundations for Net Zero Target Setting Using a Science Based ApproachTurlough Guerin GAICD FGIA
 
Financing Energy Optimization Projects
Financing Energy Optimization Projects Financing Energy Optimization Projects
Financing Energy Optimization Projects Avanceon
 

Similar to 8th Strategic Dialogue of the CMP - Scarlett Benson, SBTi (20)

Sustainability goal setting guide to 7 top third party standards
Sustainability goal setting guide to 7 top third party standardsSustainability goal setting guide to 7 top third party standards
Sustainability goal setting guide to 7 top third party standards
 
Climate Action 100+ Net Zero Company Benchmark: October-2022-Benchmark
Climate Action 100+ Net Zero Company Benchmark: October-2022-BenchmarkClimate Action 100+ Net Zero Company Benchmark: October-2022-Benchmark
Climate Action 100+ Net Zero Company Benchmark: October-2022-Benchmark
 
Sustainability with SAFe : Can SAFe be an accelerator of the sustainability t...
Sustainability with SAFe : Can SAFe be an accelerator of the sustainability t...Sustainability with SAFe : Can SAFe be an accelerator of the sustainability t...
Sustainability with SAFe : Can SAFe be an accelerator of the sustainability t...
 
GHG Science based targets
GHG Science based targetsGHG Science based targets
GHG Science based targets
 
Carbon accounting advisory
Carbon accounting advisoryCarbon accounting advisory
Carbon accounting advisory
 
The Fashion Climate Fund and Climate Solutions Portfolio
The Fashion Climate Fund and Climate Solutions PortfolioThe Fashion Climate Fund and Climate Solutions Portfolio
The Fashion Climate Fund and Climate Solutions Portfolio
 
What You Need to Know: The EU Non-Financial Reporting Directive and what its ...
What You Need to Know: The EU Non-Financial Reporting Directive and what its ...What You Need to Know: The EU Non-Financial Reporting Directive and what its ...
What You Need to Know: The EU Non-Financial Reporting Directive and what its ...
 
Presentation on Zero Carbon Buildings
Presentation on Zero Carbon Buildings Presentation on Zero Carbon Buildings
Presentation on Zero Carbon Buildings
 
climate
climateclimate
climate
 
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...
CCXG Global Forum March 2018, Climate, Growth and Infrastructure:Where to fr...CCXG Global Forum March 2018, Climate, Growth and Infrastructure:Where to fr...
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...
 
Net Zero in Medicines Manufacturing: Measuring and Reporting Carbon Footprint
Net Zero in Medicines Manufacturing: Measuring and Reporting Carbon FootprintNet Zero in Medicines Manufacturing: Measuring and Reporting Carbon Footprint
Net Zero in Medicines Manufacturing: Measuring and Reporting Carbon Footprint
 
Challenges and best practices in financing to accelerate industry decarbonisa...
Challenges and best practices in financing to accelerate industry decarbonisa...Challenges and best practices in financing to accelerate industry decarbonisa...
Challenges and best practices in financing to accelerate industry decarbonisa...
 
Complying with UK GHG regulations: Using CDSB's Reporting Framework
Complying with UK GHG regulations: Using CDSB's Reporting FrameworkComplying with UK GHG regulations: Using CDSB's Reporting Framework
Complying with UK GHG regulations: Using CDSB's Reporting Framework
 
Nature-based solutions: Understanding the lay of the land
Nature-based solutions: Understanding the lay of the landNature-based solutions: Understanding the lay of the land
Nature-based solutions: Understanding the lay of the land
 
Science Based Targets initiative Call to Action
Science Based Targets initiative Call to ActionScience Based Targets initiative Call to Action
Science Based Targets initiative Call to Action
 
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...
CCXG Global Forum March 2018, Climate, Growth and Infrastructure: Where to fr...
 
Leading by Example in the Public Sector
Leading by Example in the Public SectorLeading by Example in the Public Sector
Leading by Example in the Public Sector
 
Foundations for Net Zero Target Setting Using a Science Based Approach
Foundations for Net Zero Target Setting Using a Science Based ApproachFoundations for Net Zero Target Setting Using a Science Based Approach
Foundations for Net Zero Target Setting Using a Science Based Approach
 
Financing Energy Optimization Projects
Financing Energy Optimization Projects Financing Energy Optimization Projects
Financing Energy Optimization Projects
 
Opportunities and risks in carbon markets final
Opportunities and risks in carbon markets finalOpportunities and risks in carbon markets final
Opportunities and risks in carbon markets final
 

More from OECD Environment

OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Environment
 

More from OECD Environment (20)

OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
OECD Global Forum on the Environment dedicated to Per- and Polyfluoroalkyl Su...
 

Recently uploaded

STS NEW BIODIVERSITY TODAY - General Education
STS NEW  BIODIVERSITY  TODAY - General EducationSTS NEW  BIODIVERSITY  TODAY - General Education
STS NEW BIODIVERSITY TODAY - General EducationCARLAPASCUAL5
 
#countupto100 LinkedIn Contest Answers and Winners
#countupto100 LinkedIn Contest Answers and Winners#countupto100 LinkedIn Contest Answers and Winners
#countupto100 LinkedIn Contest Answers and WinnersGeloTon
 
Solar KW Oxfordshire solar installations
Solar KW Oxfordshire solar installationsSolar KW Oxfordshire solar installations
Solar KW Oxfordshire solar installationsSolar KW Limited
 
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...Open Access Research Paper
 
Social issues and the environment book material pdf
Social issues and the environment book material pdfSocial issues and the environment book material pdf
Social issues and the environment book material pdf077AnzrFyaz
 
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsxEllen Book
 
septic tank-biotech-biofilter-biofit-biofil-biotank-bio ipal
septic tank-biotech-biofilter-biofit-biofil-biotank-bio ipalseptic tank-biotech-biofilter-biofit-biofil-biotank-bio ipal
septic tank-biotech-biofilter-biofit-biofil-biotank-bio ipalBiotech Internasioanal
 
Coffs Harbour Australie Handelsmissie presentatie
Coffs Harbour Australie Handelsmissie presentatieCoffs Harbour Australie Handelsmissie presentatie
Coffs Harbour Australie Handelsmissie presentatieMetaSus
 
GFCM fish forum climate resilient fisheries
GFCM fish forum climate resilient fisheriesGFCM fish forum climate resilient fisheries
GFCM fish forum climate resilient fisheriesMark Dickey-Collas
 
Compact Hydrogen Refueling Station(CHRS)
Compact Hydrogen Refueling Station(CHRS)Compact Hydrogen Refueling Station(CHRS)
Compact Hydrogen Refueling Station(CHRS)HNO International
 
bioremediation_microbial remediationppt.pptx
bioremediation_microbial remediationppt.pptxbioremediation_microbial remediationppt.pptx
bioremediation_microbial remediationppt.pptxSanghamitraMohapatra5
 
Revisions to the Enforcement Rules of the Climate Change Response Act
Revisions to the Enforcement Rules of the Climate Change Response ActRevisions to the Enforcement Rules of the Climate Change Response Act
Revisions to the Enforcement Rules of the Climate Change Response Actccappr
 
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证8cuw8kc0
 

Recently uploaded (13)

STS NEW BIODIVERSITY TODAY - General Education
STS NEW  BIODIVERSITY  TODAY - General EducationSTS NEW  BIODIVERSITY  TODAY - General Education
STS NEW BIODIVERSITY TODAY - General Education
 
#countupto100 LinkedIn Contest Answers and Winners
#countupto100 LinkedIn Contest Answers and Winners#countupto100 LinkedIn Contest Answers and Winners
#countupto100 LinkedIn Contest Answers and Winners
 
Solar KW Oxfordshire solar installations
Solar KW Oxfordshire solar installationsSolar KW Oxfordshire solar installations
Solar KW Oxfordshire solar installations
 
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
Growth, rhizome yield and biochemical components of turmeric (Curcuma longa L...
 
Social issues and the environment book material pdf
Social issues and the environment book material pdfSocial issues and the environment book material pdf
Social issues and the environment book material pdf
 
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
2024-02-24 Composting at Home 101 without voucher for slideshare test 1.ppsx
 
septic tank-biotech-biofilter-biofit-biofil-biotank-bio ipal
septic tank-biotech-biofilter-biofit-biofil-biotank-bio ipalseptic tank-biotech-biofilter-biofit-biofil-biotank-bio ipal
septic tank-biotech-biofilter-biofit-biofil-biotank-bio ipal
 
Coffs Harbour Australie Handelsmissie presentatie
Coffs Harbour Australie Handelsmissie presentatieCoffs Harbour Australie Handelsmissie presentatie
Coffs Harbour Australie Handelsmissie presentatie
 
GFCM fish forum climate resilient fisheries
GFCM fish forum climate resilient fisheriesGFCM fish forum climate resilient fisheries
GFCM fish forum climate resilient fisheries
 
Compact Hydrogen Refueling Station(CHRS)
Compact Hydrogen Refueling Station(CHRS)Compact Hydrogen Refueling Station(CHRS)
Compact Hydrogen Refueling Station(CHRS)
 
bioremediation_microbial remediationppt.pptx
bioremediation_microbial remediationppt.pptxbioremediation_microbial remediationppt.pptx
bioremediation_microbial remediationppt.pptx
 
Revisions to the Enforcement Rules of the Climate Change Response Act
Revisions to the Enforcement Rules of the Climate Change Response ActRevisions to the Enforcement Rules of the Climate Change Response Act
Revisions to the Enforcement Rules of the Climate Change Response Act
 
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
澳大利亚国立大学毕业证制作流程ANU毕业证文凭学历学位认证
 

8th Strategic Dialogue of the CMP - Scarlett Benson, SBTi

  • 1. 0 PARTNER ORGANIZATIONS IN COLLABORATION WITH Beyond Value Chain Mitigation: Raising the bar on corporate climate action 8th Strategic Dialogue of the Carbon Market Platform Scarlett Benson, Beyond Value Chain Mitigation Lead at the Science Based Targets initiative (SBTi) 23rd October 2023
  • 2. 1 1 There are currently* more than 6000 companies committed to the SBTi 6323 companies 3696 business with approved targets 2518 net-zero commitments * As of 19th October 2023
  • 3. 2 2 Despite increasing adoption of science-based targets, there is still an enormous way to go to avoid the worst impacts of climate change Julie Jacobson / AP Global tracked climate finance flows and the average estimated annual climate investment need through to 2050 Source: https://www.climatepolicyinitiative.org/wp-content/uploads/2022/10/Global-Landscape-of-Climate-Finance-A-Decade-of-Data.pdf Julie Jacobson / AP
  • 4. 3 3 In recognition of the need to scale climate mitigation finance, the SBTi introduced beyond value chain mitigation (BVCM) in the Corporate Net- Zero Standard launched in 2021 Emissions (tCO 2 e) By 2050 at the latest 5 to 10 years Net-zero emissions Neutralization of residual emissions at the net-zero target date Abatement within the value chain (includes removals for the forest, agriculture and land (FLAG) sector only) BVCM: mitigation beyond a company’s value chain (emissions reductions and removals) 1.5°C-aligned emissions pathway Near-term science-based target R9 – Beyond value chain climate mitigation: Companies should take action or make investments outside their own value chains to mitigate GHG emissions in addition to their near-term and long-term science-based targets. For example, a company could provide annual support to projects, programs and solutions providing quantifiable benefits to climate, especially those that generate additional co-benefits for people and nature. Companies should report annually on the nature and scale of those actions, pending further guidance.
  • 5. 4 4 The SBTi intends to publish corporate guidance on BVCM in early 2024 to drive private sector climate finance at scale FINANCING NEED Focusing on underfinanced mitigation SCALE Maximizing climate mitigation Shutterstock CO-BENEFITS Supporting the SDGs CARE India CLIMATE JUSTICE Addressing inequality Pu Huang/Reuters Peak emissions by 2025; halve emissions by 2030 Transform the system to achieve net-zero by mid-century BVCM Goals and Principles* *Please note that the BVCM Guidance is still under development
  • 6. 5 sciencebasedtargets.org /science-based-targets @ScienceTargets Science Based Targets info@sciencebasedtargets.org IN COLLABORATION WITH PARTNER ORGANIZATIONS Thank you