SBTi (Science Based Targets initiative)

Climate change stands before us as one of the greatest environmental and economic threats in human history. This global issue requires not only individuals but also states and businesses to take swift and decisive action. At this very point, the Science Based Targets initiative (SBTi) comes to the forefront. SBTi is an initiative that guides businesses in reducing greenhouse gas emissions by setting targets based on scientific data.

What is SBTi?

The Science Based Targets initiative (SBTi) is a platform that encourages companies to base their sustainability targets on scientific evidence. It was jointly developed in 2015 by the World Wide Fund for Nature (WWF), CDP, the United Nations Global Compact (UNGC), and the World Resources Institute (WRI).

SBTi ensures that companies reduce their carbon footprints in a way that limits global warming to 1.5°C, in line with the goals of the Paris Agreement. Working with methodologies suitable for different sectors, SBTi helps companies effectively define their emission reduction targets. For example:

Energy Sector: Companies can reduce carbon intensity in energy production by transitioning to renewable energy sources.
Logistics Sector: Businesses that optimize transport routes or switch to using electric vehicles can lower emissions resulting from transportation.
Manufacturing Sector: By investing in technologies with lower energy consumption, they can make production processes environmentally friendly.

Alper Tunga Erdem

Sustainability Specialist

alper.erdem@greenix.com.tr

The Importance of SBTi for Businesses

SBTi compliance provides long-term strategic advantages for businesses. Some of the important reasons for companies to comply with SBTi include:

Competitive Advantage: Sustainability has become a significant competitive advantage in today's business world.
Regulatory Compliance: Regulations such as the European Green Deal and CBAM make it mandatory for businesses to report their carbon footprints.
Cost Savings: Applications such as increasing energy efficiency and the use of renewable energy sources provide cost savings for businesses in the long run.
Investor Confidence: Companies that act in accordance with ESG criteria receive more interest from investors.
Employee Satisfaction and Loyalty: Companies that adopt sustainability targets create a stronger sense of loyalty among their employees.

The SBTi Compliance Process

The SBTi compliance process consists of five fundamental steps. These steps enable companies to define their sustainability targets and achieve them:

Commit: The company submits a commitment letter to the SBTi, declaring its determination to set science-based targets.
Target Setting: SBTi guides the company in establishing targets suitable for its field of activity.
Validation: The targets set by the company are independently reviewed and approved by SBTi experts.
Announcement: The approved targets are announced to the public and shared with the company's stakeholders.
Monitoring and Reporting: The company regularly reports the progress made toward achieving the targets.

SBTi and GreeniX

As GreeniX, we assist your business in setting SBTi-compliant targets and achieving them. Our services in the field of sustainability are not limited to carbon footprint calculation, Life Cycle Assessment (LCA), and carbon neutralization solutions. We also provide consultancy services for compliance with the Carbon Border Adjustment Mechanism (CBAM).

Benefits of SBTi

Stronger Brand Image: Companies that achieve their sustainability targets gain a strong reputation in the eyes of customers and stakeholders.
Combating the Climate Crisis: Science-based targets allow companies to contribute to the fight against climate change by reducing their environmental impact.
Operational Efficiency: Energy savings and resource efficiency lower company costs and increase operational productivity.
Strengthening in the International Market: SBTi compliance enables companies to attain a stronger position in global markets.
Consumer Trust: Companies that fulfill their environmental responsibilities are more preferred by conscious consumers.

Start Your SBTi Journey with GreeniX

GreeniX guides your business in setting and implementing science-based sustainability targets. Contact our expert team immediately for SBTi compliance and move forward with firm steps toward your sustainability goals!

What Did They Say

TÜMOSAN

While structuring our TSRS (Turkey Sustainability Reporting Standards) compliance process in full integration with our production dynamics, we received end-to-end support from Greenix, including infrastructure setup, strategy, training, and reporting. This professional process, which transforms extensive data inventories into an auditable reporting discipline, continues to strengthen in its second year. Greenix has become not just a service provider, but a reliable strategic partner in our sustainability journey.

Sabah Bedding

The EcoVadis process we conducted with Greenix enabled our sustainability performance to transform into a systematic and measurable structure. While our current practices were analyzed clearly, our strengths and areas for improvement were addressed with concrete actions. Thanks to the guiding approach of the Greenix team, we completed the EcoVadis assessment process in a transparent, controlled, and efficient manner.

Platform Turizm

We have successfully structured our TSRS compliance process from end-to-end with Greenix’s professional methodology. This comprehensive support, ranging from strategy formulation, infrastructure setup, and training to emission calculations, enabled us to integrate our sustainability data into our operational decisions. Thanks to their confidence-inspiring expertise, we continue our collaboration into the second reporting year.

Eva Gayrimenkul Değerleme

The corporate carbon footprint study we conducted with Greenix was not just a reporting process; it provided a transformation into a digital infrastructure where we can actively manage our data. While our carbon software made our emissions regular, comparable, and traceable, the reports prepared provided a clear framework for our decision-making processes. Addressing our specific needs in the real estate sector correctly was one of the strongest aspects of the study.

Katmerciler

During our TSRS compliance process, Greenix established a reporting discipline fully aligned with our product diversity and project processes. This expert support, which brought our data into a transparent, consistent, and audit-ready structure, enabled us to manage our sustainability performance with strategic data. We are pleased to sustain this trust-based partnership into our second reporting period.

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