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Blog...Top 5 Companies Specializing in SBTI

Top 5 Companies Specializing in SBTI

Business
Legislation & Standards
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In this article, we’ll review what the SBTi is, the benefits, how the SBTi differs from net-zero, and our top 4 companies specializing in SBTi.
Business
2024-04-24T00:00:00.000Z
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Thousands of companies around the world are making an effort to work towards net-zero emissions and decarbonize their business, and one of the best ways to do that is to commit to the SBTi – meaning that companies specializing in SBTi are bound to make more progress in their climate journey than others.

The SBTi can help guide companies to reduce their emissions with the help of science based information to set targets accordingly for all companies specializing in SBTi. 

In this article, we’ll review what the SBTi is, the benefits, how the SBTi differs from net-zero, and our top 5 companies specializing in SBTi. 

What is the SBTi?

The Science Based Targets initiative, otherwise known as the SBTi, is an organization which encourages companies to commit to more rigorous climate action by providing them with science-based criteria to help develop effective plans to reduce excessive emissions.

The SBTi is partnered with several other programs of global coalition, such as the CDP, United Nations Global Compact, and the World Resources Institute.
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what are science based targets?

The SBTi works by using scientific data to demonstrate the dire need for companies around the world to effectively reduce their greenhouse gas emissions in line with science to be most effective. In a sense, the SBTi works as a mentor to companies around the world, as their scientific data can help drive others to normalize the use of science-based data to develop relevant, ambitious, and achievable targets.

💡 The main goal of the SBTi is to help businesses around the world work towards net-zero emissions through the help of science-based data. 

However, the SBTi also works towards other goals – such as:

  • Curating an expert term to ensure the continuous collection of data;
  • Providing updated targets on a consistent basis in-line with new data;
  • Preventing the globe from exceeding a global surface temperature of 1.5°C;
  • Becoming a leader in the movement to fight against climate change.

👉 Ultimately, the SBTi works to raise awareness regarding the detrimental effects of GHG emissions via the use of science-based data, and subsequently – encourages companies to set new targets in line with the Paris Agreement.

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What are the benefits of SBTi?

There are numerous benefits to joining the SBTi, such as helping to intrigue stakeholders, reduce operational costs, and ensuring that your company’s current emission reduction targets are as rigorous as possible. 

Joining the SBTi demonstrates your companies commitment to reducing emissions, which as a result – could help to attract new customers, investors, and stakeholders to your business.

Here are some more benefits for companies that commit to the SBTi:

  • Improve Operational Efficiency – Working with the SBTi will not only help to reduce operational costs, but it could encourage companies to implement more energy efficient technologies and business processes into their operations. This means the SBTi can help businesses to be more productive long-term. 
  • Open Doors For New Investment Opportunities – Companies specializing in SBTi are bound to be presented with new investment opportunities, seeing as companies that can demonstrate sufficient awareness regarding ESG principles are more likely to be able to secure new investments with ease. This is because many investors view companies with poor environmental commitment to be a risky investment, and companies specializing in SBTi can easily contend this fear.
  • Development of New Ideas – Companies specializing in SBTi will often be forced to come up with new ideas on how to keep their business operations going while still working towards net-zero emissions. Therefore, companies committed to SBTi may be able to spark innovation in new ways that would have been left undiscovered otherwise if they hadn’t committed to the SBTi.
  • Rethink Business Values & Strategy – Committing to the SBTi will often elicit companies to unleash new priorities, as the SBTi will demonstrate via the use of science-based targets how sticking to their current business model may prove ineffective in the long-term as climate change progresses.
  • Optimize the Use of Technology – Companies specializing in SBTi may be encouraged to utilize newer technologies to help them reduce emissions, meaning that committing to the SBTi could help your business to stay in-the-know about newer technologies and be the first company to benefit from them. 
  • Prove Your Commitment to Climate Change – Although there are many other standards and certifications today for companies to demonstrate their commitment to climate change, such as acquiring ISO certifications or becoming B Corp certified, companies specializing in SBTi will have the upper hand in attracting new employees, investors, and engaging with stakeholders. This is because the SBTi prides itself on science-based data more so than other certifications. 

👉 Companies specializing in SBTi will not only benefit from effective emission reductions, but their business will also flourish as a result of being able to comply with environmental regulations easier, re-developing business strategies in line with climate change, and satisfying customers and stakeholders.

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What is the difference between SBTi and net zero?

The main difference between SBTi and net zero is that they focus on two different areas of fighting against climate change. The SBTi is dedicated towards helping companies to reduce their greenhouse gas emissions, whereas net-zero is an effort to achieve an equal amount of emissions produced with the amount of emissions removed from the atmosphere.

According to the SBTi, companies should work towards reducing emissions at a steady rate in conjunction with the net-zero before 2050 movement. In order to accomplish this, the SBTi often requires companies committed to the SBTi to set both long-term and short-term targets.

Here is a further breakdown of the difference between the SBTi and net-zero:

Science Based Targets Initiative (SBTi)

SBTi is a collaborative effort between the United Nations Global Compact (UNGC), World Resources Institute (WRI), the World Wide Fund for Nature (WWF) and the CDP – whereas net-zero is not. 

💡The main goal behind the SBTi is to encourage companies to reduce their emissions through the use of science-based targets and mitigate climate change long-term.

Unlike net-zero, SBTi is primarily concerned with reducing emissions before the are emitted into the atmosphere – meaning that efforts such as carbon offsetting or purchasing carbon credits aren’t at the forefront for companies specializing in SBTi. 

Net Zero

Net zero, on the other hand, refers to achieving a balance between the amount of greenhouse gas emissions emitted and the amount of emissions being removed.

This means that companies can still emit emissions, and essentially compensate for their excessive carbon footprint with practices such as carbon offsetting or purchasing carbon credits. The SBTi attempts to avoid the need for these kinds of programs in the first place. 

Ultimately, the SBTi concentrates on setting science-based emission reduction targets – making it a more specific and numerically, science-based goal as opposed to the general concept of net zero.

However, it is important to note that SBTi and net zero are indeed related to one another – seeing as science-based targets are often required for developing an effective net zero strategy.

👉 Essentially, it’s best to think of a bathtub full of water – the SBTi is trying to prevent the bathtub from overflowing in the first place, while net zero approves of using a drain to let some of the water escape. The same principle applies for the SBTi versus net zero, as the SBTi doesn’t want companies to compensate for their emissions – but implement effective actions to reduce them in the first place.

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Our Top 5 companies specializing in SBTi

Even though almost 8,000 companies are committed to the SBTi – we’ve rounded up our top five companies specializing in SBTi to provide examples of what a solid commitment to the SBTi program looks like.

Here are our top 5 companies specializing in SBTi:

1. Apple

Infamous for their iPhones, Macbooks, Apple Watches, and more – Apple has been working hard to share their commitment to environmental sustainability in recent years.

Some of Apple’s ambitious targets to reduce emissions across their supply chain have been developed with the help of science-based targets from the SBTi – with the SBTi having validated many of Apple’s environmental goals.

One of these goals includes Apple’s efforts to work towards carbon neutrality by 2030 and to encourage their supply chain to switch to the use of renewable energy sources – as one of Apple’s main goals is to optimize the use of renewable energy.

2. Colgate

This worldwide and well-known toothpaste brand won’t only polish your teeth – but help to keep the planet cleaner from excess emissions, too.

Colgate is one of the many companies specializing in SBTi, which is exceptionally depicted in their 2025 Sustainability Strategy and their 11 other initiatives to implement greater sustainability. In fact, Colgate has worked closely with the SBTi to curate a strategy to methodically reduce emissions. 

Some of Colgate’s current targets with the SBTi include:

 3. Pfizer

Most well known for developing one of the pioneering vaccines to help bring the world out of the depths of the Covid-19 pandemic, Pfizer, the pharmaceutical company based in New York – has also demonstrated that is among the companies specializing in SBTi.

Pfizer has always been cognizant of the potential repercussions that climate change could have on human health, and as a result – they have taken exceptional measures to reduce their own emissions.

In fact, Pzifer successfully slashed their GHG emissions in half between 2000 and 2014 – reducing their emissions by 20%.

Now, Pfizer is amongst the companies specializing in SBTi – committed towards working towards carbon neutrality by 2030 and encouraging their value chain to do the same by 2025. Pzifer heard about the SBTi from the World Resources Institute, and has continued to collaborate with the SBTi ever since to develop robust emission reduction goals.

4. Ørsted

Companies specializing in the SBTi, such as Ørsted, are true leaders in the midst of climate change – as this energy company demonstrates to other organizations in the energy sector that it is possible to effectively reduce emissions while still remaining successful.

💡Did you know that 73% of global emissions are created on behalf of the energy sector?

Ørsted has already made great leaps to secure its place on our top five companies specializing in SBTi – having reduced their scope 1, 2, and 3 emissions a whopping 99% from 2018 levels in addition to reducing 90% of scope 3 emissions from sold products.

Some of Ørsted’s goals validated by the SBTi include: 

Employees which understand environmental awareness in the workplace can help to improve employee engagement and your company’s overall productivity.
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5. Jacobs

Our last in our list of top five companies specializing in SBTi is Jacobs, a company determined to reduce the amount of scope 3 emissions created as a result of business travel and commuting.

Jacobs has worked with the SBTi to further develop their efforts to reduce scope 3 emissions created on behalf of employee travel. For example, Jacobs created a carbon pricing effort to help employees weigh their options regarding travel – ultimately encouraging them to work remotely whenever possible. 

Under the SBTi, Jacobs plans to further their climate journey by:

What about Greenly? 

If reading this article about the top 5 companies specializing in SBTi has made you interested in reducing your carbon emissions to further fight against climate change – Greenly can help you!

At Greenly we can help you to assess your company’s carbon footprint, and then give you the tools you need to cut down on emissions. We offer a free demo for you to better understand our platform and all that it has to offer – including assistance with boosting supplier engagement, personalized assistance, and new ways to involve your employees.

Click here to learn more about Greenly and how we can help you reduce your carbon footprint.

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