ING’s climate targets have been validated by the Science Based Targets initiative (SBTi), confirming they align with global efforts to limit warming to 1.5°C. The bank’s climate strategy focuses on reducing carbon emissions across its portfolio and financing the transition to a low-carbon economy.

Decarbonization is not just a necessity for the planet but a strategic opportunity for businesses. This article explores how companies can align their decarbonization efforts with growth, profitability, and stakeholder trust.

The Science Based Targets initiative (SBTi) has released the consultation draft of its Net-Zero Standard V2, aimed at helping businesses set clear, science-backed targets to reach net-zero emissions. This draft outlines the necessary steps and criteria for companies to follow in reducing their carbon footprint and achieving net-zero by 2050.

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.