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EXCLUSIVE: SBTi called on by 'Global South' to 'set a new direction'
25 June 2024The Science-Based Targets Initiative (SBTi) has been called on by 69 organisations, who claim to represent the Global South, to allow the use of carbon offsets, alleging that their view is being ignored "by the decision makers" in the Global North.
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SBTi urged by nature investors to allow offsets
21 June 2024A group of prominent nature investors and conservation advisers have urged the Science-based Targets initiative (SBTi) to allow offsets within transition plans and proposed key principles to ensure 'guardrails' are put in place.
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West African countries urge SBTi to allow carbon offsetting
10 June 2024A coalition of West African countries has weighed in to the row about whether carbon offsets should be used to help meet net zero targets.
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Natural Capital Investment Americas 2023: Investor hopes the SBTi will 'endorse' carbon credits
02 October 2023An Environmental Finance conference has heard hopes from market participants that the Science-based Targets Initiative (SBTi) will "endorse" the use of carbon credits as part of net zero targets.
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SBTi's financial sector framework will enhance its credibility, says IEEFA
25 August 2023The Science Based Targets initiative's (SBTi) proposed standards for financial institutions will help boost the initiative's credibility, says the Institute for Energy, Economics and Financial Analysis (IEEFA) - although there is still room for improvement.
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SBTi 'increases ambition' for financial institutions on emissions reduction targets
19 June 2023The Science Based Targets initiative (SBTi) has launched "more ambitious" draft emissions reduction target guidance that will require financial institutions to further align with a 1.5°C pathway.
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People moves, 31 March: Impax, SBTi, Finance for Biodiversity, GSSB ... and more
31 March 2023 -
SBTi rules out mandating annual target reviews
22 August 2022The Science Based Targets initiative (SBTi) has told Environmental Finance it will not mandate companies to annually review emissions reductions targets and has ruled out setting a universal base year against which to benchmark reductions.
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Transition methodologies failing to meet Paris Agreement, academics warn
11 August 2022Existing methodologies commonly used by companies, investors and regulators for calculating transition pathways are failing to accurately reflect the Paris Agreement goals, with academics warning that most business will consequently fail to reduce their greenhouse gas (GHG) emissions in time.
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Boston Common: Differing methodologies for bank sustainable financing 'unnecessary competition'
12 October 2020Boston Common Asset Management (BCAM) has criticised the increasing number of methodologies used to assess how a bank's sustainable financing commitments impact its portfolio, as a distraction from core climate goals.
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