The Science Based Targets initiative (SBTi) has published new guidance to support companies to engage their supply chains to set science-based targets. The guidance – Engaging Supply Chains on The Decarbonization Journey Version – A Guide To Developing And Achieving Scope 3 Supplier Engagement Targets – aims to enable businesses to accelerate their decarbonisation efforts. It outlines how to evaluate, develop, and set supplier engagement targets, implement engagement programs, and ensure businesses fully understand what it takes to achieve these goals.
Science-based targets provide a clearly defined pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change. The SBTi is a partnership between CDP, the United Nations Global Compact, and others to mobilise the private sector to take urgent climate action. Since 2015 more than 1,000 companies have joined the initiative.
