Science Based Targets Initiative (SBTi)-A Scientific Approach to Define and Achieve the Carbon Emissions Reduction Targets
| Case Code: BECG179
Case Length: 20 Pages
Pub Date: 2023
Teaching Note: Available
| Price: Rs.500
Organization: Science Based Targets Initiative (SBTi)
Countries: United Kingdom
Themes: Sustainability, Sustainable Innovation
Abstract Case Intro 1 Case Intro 2 Excerpts
The Science Based Targets Initiative (SBTi) was a step taken by leading non-profit organizations engaged in protecting and sustaining the global environmental systems. We Mean Business (WMB), a coalition, was formed to bring together all global business organizations to commit themselves to achieving the objectives of climate change initiatives.
SBTi was an effort led by WMB. Its primary purpose was to aid companies in formulating their climate change strategies. This assistance was facilitated by tapping into the collective knowledge and expertise of prominent non-profit organizations and global networks focused on environmental preservation. The SBTi achieved this through the creation of a scientifically grounded framework.
Within this initiative, member companies gained the opportunity to establish climate targets that were rooted in scientific principles, drawing on collaborative expertise and shared knowledge. Additionally, the initiative aimed to propagate the concept of adopting Science Based approaches worldwide and extending its influence to private sector entities within the WMB network and those beyond its scope. Despite these endeavors, SBTi needed help to establish a formal institutional mechanism. This case study helps understand how SBTi intervenes in climate change initiatives, employing the Theory of Change Model and the Diffusion of Innovation Theory.
The case is structured to achieve the following teaching objectives:
- To understand developments in sustainable business practices
- To study the impact of social interventions by business organizations, NGOs, governments, and other socially engaged non-profit organizations.
- To analyze how social interventions can be used for the purpose of bringing about change
Note on Climate Change
The Paris Agreement
SBTi Target Setting Process
Creating the Critical Mass
Are the Commitments and Approvals Impactful?
Challenges and Road Ahead
United Nations Sustainable Development Goals (UNSDGs), carbon emissions, net zero emissions, carbon neutrality, Science Based Targets Initiative (SBTi), scope 1 emissions, scope 2 emissions, scope 3 emissions, theory of change, diffusion of innovation, Greenhouse Gases, climate change initiatives, Intergovernmental Panel on Climate Change (IPCC), United Nations Framework Convention on Climate Change (UNFCCC), Paris Agreement, Conference of Parties, Carbon Disclosure Project (CDP), United Nations Global Compact (UNGC), World Resources Institute (WRI), World Wide Fund for Nature Inc (WWFN), We Mean Business (WMB)
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