SBTi Peer Learning Group: Events and updates
Upcoming events
As you might know, most of the activities in this group this year is dedicated to the program Climate Ambition Accelerator which we will also be running next year. However, I want to let you know about some climate events in the future that you might be interested in. Some of them are events organized by other Global Compact networks in collaboration with us, the Danish network.
Introduction to the Global Reporting Initiative
September 29, 09.00 – 10.00 CET
Introductory webinar to the Global Reporting Initiative (GRI), the world’s most widely used sustainability disclosure standards. Organized by Global Compact Network Norway in collaboration with the Nordic networks.
Register
How Business Can Deliver Health Resilient Climate Action
September 29, 15.30 – 17.00 CET
Live session on the Academy which explores the climate-nature-health nexus and invites experts and business leaders to discuss how health risks linked to climate and nature impact businesses – and how tackling these crises represents opportunities too.
Register
TCFD Crash Course
October 7, 09.00 – 11.30 CET
Get useful insights into The Task Force on Climate-related Financial Disclosures (TCFD) – the most established framework on climate-related risk disclosure. Organized by Global Compact Network Sweden in collaboration with the Nordic networks.
Register
Transitioning to Net Zero
Ongoing – next webinar on September 23 (Net Zero for the Built Environment)
This webinar series takes sector deep-dives into the path to net zero emissions. Organized by Global Compact Network UK with expert inputs from CDP.
Register
SBTs for Financial Institutions
November 19, 09.00 – 10.30 CET
We are setting up a webinar to go through the SBT methodology for financial institutions with experts from CDP. The date and time are set, so please save the date until we have our registration page ready.
Net-Zero webinar
Please note that we will be organizing a webinar in November or December going through the new SBTi Net-Zero Standard which will be released on October 28 just before the COP26. More info will follow. Follow the conversation around Net-Zero on the SBTi website.
SBTi strategy update
The Science Based Targets have put forth a new strategy which has three important elements. These are the most important changes from July 15, 2022, and onwards:
· Companies will no longer be allowed to set near-term ‘well-below 2°C’ targets in Scope 1 & 2 – only 1.5°C targets.
· Companies will no longer be allowed to set near-term ‘2°C’ targets in Scope 3 – only ‘well-below 2°C’ or more ambitious targets.
· The target year is decreasing from 5-15 years to 5-10 years from the date of target submission
You can get a full overview of the new strategy in a recorded webinar from August 27 or read more on the SBTi website.
Business Ambition for 1.5°C
In the lead-up to the climate negotiations at COP26, it is important that the private sector shows leadership and commitment to a net-zero future. Therefore, we are once again calling on companies to join our Business Ambition for 1.5°C campaign and the ‘Race to Zero’.
We encourage you to ask your peers, suppliers, and partners to commit – and in case you are not yet part of the movement of 700+ companies, please do join!
To be on the official list of committed companies which will be presented at the COP26, we ask that you commit as soon as possible and preferably no later that mid-October.
Resources for SMEs
Lastly, I just want to share some updates and useful resources for all the SMEs in this group (companies with 500 employees or less in the SBTi definition):
· New Target Validation Form: Please check out our new online target validation form. It has become a bit easier to join the SBTi using this form.
· Updated FAQ: Get all the latest facts on joining SBTi as an SME in our new FAQ.
· SME Climate Hub: We have officially partnered with the SME Climate Hub which has a myriad of very useful resources for you to get started on your climate accounting.
· Klimakurser: If you or one of your colleagues need a basic introduction to climate change science and the Greenhouse Gas Protocol in Danish, we have arranged with klimakurser.dk to cut off 1/3 of the price for their three-day climate course for all representatives of Danish Global Compact signatories.
· Klimaklar SMV podcast (Danish): The project Klimaklar SMV has just released a new podcast going over the basics of climate accounting and putting forth best practice examples from small Danish companies. Find it wherever you listen to podcasts.
