From December 08, 2020 15:00 until December 08, 2020 16:00
Categories: Public Events
The UN Global Compact Network UK and the Science Based Targets Initiative are hosting a webinar series to support companies to overcome common challenges related to setting and implementing science-based targets. This webinar, the third in the series, will focus specifically on addressing scope 3 emissions.
Setting a 1.5°C aligned science-based target is one of the most effective ways for a company to demonstrate the highest level of climate action ambition. Scope 3 emissions represent the greatest source of total emissions for many companies. For a target to be officially validated by the SBTi, companies whose scope 3 emissions cover more than 40% of their total emissions need to set scope 3 targets. However, setting scope 3 targets, understanding which scope 3 emissions to report, collecting data and then reducing these emissions can be challenging and complicated.
This webinar aims to support participants to overcome these challenges by providing insight into the Scope 3 requirements and guidance published by the SBTi including practical steps on how to begin identifying, measuring and reducing emissions, as well as engaging with stakeholders across the value chain to reduce emissions. The webinar will feature expert guidance and best practice examples from business case studies.
Science Based Targets
The Science Based Targets initiative is a partnership between CDP, UN Global Compact, WRI, and WWF. The initiative supports companies to set emissions reduction targets required to limit global warming well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.
Over the past several years, science-based target-setting has rapidly become the most effective way for companies to align their corporate goals with the Paris Agreement. As stated in the 2018 IPCC Special Report on Global Warming, the transition to a low-carbon economy must be accelerated globally in order to hold warming to 1.5°. We are calling on all companies — across sectors — to set their science-based target with a new level of ambition — one that aligns with the 1.5° target.
More information about Science-Based Targets and the 'Business Ambition for 1.5°' campaign can be found here.