The Science Based Targets initiative (SBTi) has reached a significant milestone with over 10,000 businesses committing to sustainability goals. This achievement highlights the growing recognition of the importance of climate action for long-term business success.

Earlier this year SBTi caused controversy by suggesting they would allow the use of Environmental Attribute Certificates to scope 3 emissions. In new publications by the organization, there are suggestions that this move is being reversed. The implications of this will be the need for new and clearer guidance by SBTi on the use of carbon credits and for companies whom were earlier relying on the use of credits to achieve reduction targets to rethink this.

Big news in the world of ESG and Sustainability! The Biden administration announced a new proposal that will require federal contractors to disclose environmental data through CDP and set science-based decarbonization targets.