Consider the following statements regarding Science Based Targets Init...
- The Science Based Targets initiative (SBTi) mobilizes companies (Corporate sector) to set science- based greenhouse gas emissions reduction targets and boost their competitive advantage in the transition to the low-carbon economy. Hence statement 2 is correct.
- The initiative is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), and one of the We Mean Business Coalition commitments. Hence statement 1 is correct.
- The initiative defines and promotes the best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
- Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered “science- based” if they are in line with the latest climate science, which is necessary to meet the goals of the Paris Agreement – to limit global warming to well below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C. SBTs provide companies a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their GHG emissions.
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Consider the following statements regarding Science Based Targets Init...
Science Based Targets Initiative (SBTi)
The correct answer is option 'C', which means both statements 1 and 2 are correct.
Statement 1: Joint Initiative
- The Science Based Targets Initiative (SBTi) is indeed a joint initiative of the World Wildlife Fund (WWF), World Resources Institute (WRI), CDP, and the United Nations Global Compact.
- These organizations collaborate to mobilize companies to set science-based targets and transition to a low-carbon economy.
Statement 2: Corporate Climate Action
- The SBTi is indeed an ambitious corporate climate action that aims to lead the way to a zero-carbon economy.
- By setting science-based targets, companies commit to reducing their greenhouse gas emissions in line with the goals of the Paris Agreement.
In conclusion, the Science Based Targets Initiative is a collaborative effort by multiple organizations to encourage companies to take concrete actions towards reducing their carbon footprint and contributing to a more sustainable future.