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ADVANCEDDo you want to learn how to commit to and work with the Science Based Targets initiative? Or is your company already committed and ready to advance its climate action? Then this is the peer learning group for you.

The peer learning group on Science Based Targets is for every company – big and small – that are either interested in committing to the initiative or already part of the initiative. The main objectives of the group are therefore manifold:&nbsp;<ul><li>To provide guidance to companies interested in joining the initiative</li><li>To share best practice and experiences setting climate targets through the initiative</li><li>Discuss and solve significant challenges within specific industries and areas of climate target setting (e.g. scoping, scope 3 target setting, and measurement methodologies)</li><li>Motivate other companies to join the initiative</li></ul> As part of the group, you get the chance to participate in a&nbsp;series of webinars, workshops, and peer-learning sessions&nbsp;with themes ranging from how to secure buy-in on the initiative from top-management to how to measure Scope 3 emissions. There will both be introductory and advanced activities in the group. Please also check out our program&nbsp;Climate Ambition Accelerator&nbsp;which provides basic and advanced learning opportunities for the Greenhouse Gas Protocol and Science Based Targets. NB! To become part of the peer learning group, companies/organizations must be part of the UN Global Compact and a member of UN Global Compact Network Denmark.

The private sector plays an essential role in ensuring a fast transition to a low-carbon economy globally. Moreover, as the transition unfolds, it is widely recognized that companies measuring and reducing their carbon emissions will:&nbsp;<ul><li>Be better prepared for tighter national and international climate regulation</li><li>Be better positioned on a global market with growing consumer and customer demand for low-carbon solutions and services</li><li>Have better access to finance with investors dealing with rising scrutiny and expectations with regards to environmental performance</li></ul> Through the globally renowned&nbsp;<a href="https://www.sciencebasedtargets.org/?utm_source=social&amp;utm_medium=organic&amp;utm_campaign=ungcnetwork22" rel="noopener noreferrer" target="_blank" style="color: rgb(105, 156, 198);">Science Based Target initiative (SBTi)</a>&nbsp;&nbsp;companies have the ability to set emissions reduction targets that are in line with climate science and the scenarios outlined in the Paris Climate Agreement. The initiative is founded by the <a href="https://unglobalcompact.org/" rel="noopener noreferrer" target="_blank">UN Global Compact</a>, <a href="https://www.cdp.net/en" rel="noopener noreferrer" target="_blank">CDP</a>, <a href="https://www.wri.org/" rel="noopener noreferrer" target="_blank">WRI</a>, and <a href="https://www.worldwildlife.org/" rel="noopener noreferrer" target="_blank">WWF</a>, it is based on the&nbsp;<a href="https://ghgprotocol.org/" rel="noopener noreferrer" target="_blank" style="color: rgb(105, 156, 198);">Greenhouse Gas Protocol</a>, and every company with the right climate data and ambitions can join.

The Science Based Targets (SBTi) is a&nbsp;non-profit initiative which mobilizes companies to set science-based climate targets and boost their competitive advantage in the transition to a low-carbon economy. The initiative assesses and approves company targets, offers resources, workshops, and guidance, and showcases companies that are part of the initiative. The initiative has enjoyed considerable success and commitment from companies all over the world reaching over 5800 in the summer of 2023. As of mid-2023,&nbsp;<a href="https://sciencebasedtargets.org/companies-taking-action/" rel="noopener noreferrer" target="_blank">over 170 Danish companies</a>&nbsp;have committed to the initiative, most of them also committed to the UN Global Compact. Science Based Targets is a collaboration between Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). <a href="https://sciencebasedtargets.org/how-it-works" rel="noopener noreferrer" target="_blank">Learn more</a>

UN Global Compact Network Denmark hosts a wide range of events to facilitate knowledge sharing among our members and to provide our members with inspiration and concrete tools. You can get an overview of all upcoming events here.

<ul><li><a href="https://sciencebasedtargets.org/resources/files/FAQs-for-SMEs.pdf" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(105, 156, 198);">FAQ for SMEs</a></li><li><a href="http://form.jotform.co/targets/sme-target-validation" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(105, 156, 198);">Target setting letter for SMEs</a></li><li><a href="https://sciencebasedtargets.org/resources/files/Target-Validation-Application-Checklist-for-Small-and-Medium-Sized-Enterprises.pdf" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(105, 156, 198);">Target validation application checklist for SMEs</a></li><li><a href="https://globalcompact.dk/wp-content/uploads/2020/08/klimaguide.pdf" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(105, 156, 198);">Nem Guide til Klimaregnskabet</a></li><li><a href="https://smeclimatehub.org/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(105, 156, 198);">SME Climate Hub</a></li></ul> *Defined in SBTi as companies with 500 employees or less.

<h3>Did you find what you were looking for? To see all resources, visit our <a href="https://ungc.progressify.dk/bibliotek/science-based-targets" rel="noopener noreferrer" target="_blank">theme library for Science Based Targets</a>. We have selected tools, reports, and publications to support your work with Science Based Targets.</h3>

<h3>Supplier Engagement in Action: Examples from Denmark on Scope 3 Reductions</h3> Given that upstream scope 3 emissions on average are more than 11 times higher than a company’s operational emissions, supplier engagement stands as a critical avenue for reaching net zero. However, supplier engagement represents relatively new territory for many companies. Read the article for inspiration and advice for you work with Scope 3 reductions.

Global Compact's digital learning platform, Academy, is available to all participating companies and all your employees. Here you will find courses, videos, and tools selected by the UN Global Compact Network Denmark for Danish companies and your employees.

Visit our theme library. We have selected tools, courses, reports, and publications to support your work with Science Based Targets.

Climate &amp; Environment / Klima &amp; Miljø

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