June 14, 2024

West African countries urge adding carbon offset to corporate net zero standards

In early June, ten West African countries wrote to the Science Based Targets initiative (SBTi), urging that carbon offsets be included in corporate net zero standards, allowing companies to offset their emissions.
May 06, 2024

EU targets greenwashing in aviation industry amid growing environmental concerns

The European Union continues its relentless campaign against corporate greenwashing, with its latest move aimed at the major carbon emitter aviation industry.
April 23, 2024

New SBTi standard to drive renewable energy certificate market changes: expert

The Science Based Targeting Initiative (SBTi) will allow companies to offset Scope 3 emissions using carbon credits, a move that could trigger greenwashing controversies or significantly change the renewable energy certificate (REC) and carbon credit mark
April 23, 2024

IETA unveils new guidelines for companies on carbon credits

The International Emissions Trading Association (IETA) has release new guidance for businesses looking to use carbon credits in their pursuit of climate goals.
April 12, 2024

SBTi rules relaxed set to boost the carbon credits market

The Science Based Targets initiative announced that it will allow the use of carbon credits to reduce emissions from Scope 3. Draft guidelines for the new policy, which will inform a revised Corporate Net Zero Standard, are set to be published July.
March 22, 2024

Hundreds of firms drop SBTi net-zero commitments due to Scope 3 challenges

The Science Based Targets Initiative (SBTi) continues to track the implementation of net-zero commitments among businesses. In its latest update, 239 companies are marked as "Commitment Removed", including major multinational corporations such as Microsof
March 11, 2024

SBTi urges companies to accelerate carbon reduction beyond value chain

Science Based Targets initiatives (SBTi) has released two new reports on Feb. 28. These reports offer clearer guidance for companies to reduce the greenhouse gas (GHG) emissions beyond the value chain (Beyond Value Chain Mitigation, BVCM).
January 15, 2024

Sarawak Energy’s carbon emissions reduction target granted approval from SBTi

Sarawak Energy Berhad (SEB) has become the first major corporation in Malaysia to receive international recognition as the Science Based Target Initiative (SBTi) validates the state-owned energy firm’s near-term carbon emissions reduction target.

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