Science Based Targets
Peer Learning Group
A group for companies and organizations interested in or committed to the Science Based Targets Initiative
Do 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 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:
- Be better prepared for tighter national and international climate regulation
- Be better positioned on a global market with growing consumer and customer demand for low-carbon solutions and services
- Have better access to finance with investors dealing with rising scrutiny and expectations with regards to environmental performance
Through the globally renowned Science Based Target initiative (SBTi) 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 UN Global Compact, CDP, WRI, and WWF, it is based on the Greenhouse Gas Protocol, and every company with the right climate data and ambitions can join.
About the peer learning group
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:
- To provide guidance to companies interested in joining the initiative
- To share best practice and experiences setting climate targets through the initiative
- Discuss and solve significant challenges within specific industries and areas of climate target setting (e.g. scoping, scope 3 target setting, and measurement methodologies)
- Motivate other companies to join the initiative
As part of the group, you get the chance to participate in a series of webinars, workshops, and peer-learning sessions 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 Climate Ambition Accelerator 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 Global Compact Network Denmark.
Upcoming events on Science Based Targets
About the Science Based Targets Initiative
The Science Based Targets (SBTi) is a 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, over 170 Danish companies 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).
Steering committee
The peer learnings group’s steering committee will help identify the topics of each meeting and the long-term strategy of the group.
Current members of the steering committee:
- Malene Thiele, Director of Global ESG and Sustainability, Nilfisk
- Connie Enghus Theisen, Director Stakeholder Engagement, ROCKWOOL
- Flemming Lynge Nielsen, Sustainability Director, Danfoss
- Rune Joergensen, Head of Sustainability & ESG, Chr. Hansen
- Svend Brun Hansen, Lead Environmental Advisor, Ørsted
- Lilian Harbak, Global SME Environmental Performance, Vestas
- Wouter de Groot, , FLSmidth
Science Based Targets resources
Resources for small & medium sized businesses (SMEs)*
Target setting letter for SMEs
Target validation application checklist for SMEs
*Defined in SBTi as companies with 500 employees or less.
Supplier Engagement in Action: Examples from Denmark on Scope 3 Reductions
Decarbonizing the value chain is essential for companies to reach science-based targets and deliver on the Paris Agreement. 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.
In November 2022 UN Global Compact Network Denmark, in collaboration with BSR, made a ‘call for cases’ to gather good examples of how to engage suppliers in climate targets.
The report Supplier Engagement in Action: Examples from Denmark on Scope 3 Reductions was launched in April 2023. It presents eight cases, aiming to inspire and motivate other companies to work with their suppliers to set science-based targets and reduce emissions to endeavour towards a 1.5°C-aligned future.
The cases provide a diversity of examples differing in industries, supply chains, company sizes, and maturities – so as to both showcase the breadth and applicability of different approaches, but also to identify common themes which can guide the development of all supplier engagement.
The eight cases in the report prove that there is no “perfect recipe” for supplier engagement and scope 3 emissions reduction, and each company must create its own strategy.
There are, however, common actions from companies within the report:
- Integrate climate considerations into procurement.
- Top-down support and internal buy-in.
- Segmenting scope 3 emissions and suppliers.
- Continuous dialogue, cultural understanding, and supplier support.
- Tracking progress through best-available climate data.
- Partnerships for decarbonization challenges.
We hope that these insights can help your company to advance your scope 3 strategy.
Joachim Marc Christensen
Head of Programmes
Climate & Environment / Klima & Miljø
joachim@globalcompact.dk
(+45) 26 92 99 75