CCP Science-Based Targets Initiative 2

Question 1

Which SBTi pathway is specifically designed for the electric power sector to align with 1.5°C?

Accepted Answer

Power Sector Reference Pathway

Answer

The Power Sector Reference Pathway (PSRP) is the SBTi's sector-specific method for electricity generation companies targeting 1.5°C alignment.

Question 2

What is the SBTi's definition of 'near-term' science-based targets?

Accepted Answer

Targets covering a 5-to-10-year timeframe from the submission date

Answer

SBTi near-term targets cover a 5-to-10-year window from the year of submission, typically ending around 2030 for current submissions.

Question 3

Under SBTi Corporate Net-Zero Standard, what minimum percentage of a company's scope 1, 2, and 3 emissions must be covered by near-term targets?

Accepted Answer

95%

Answer

The SBTi Corporate Net-Zero Standard requires near-term targets to cover at least 95% of scope 1, 2, and 3 emissions.

Question 4

Which organization co-founded the Science Based Targets initiative alongside CDP and the UN Global Compact?

Accepted Answer

World Resources Institute

Answer

WRI (World Resources Institute) is one of the four founding partners of SBTi alongside CDP, UN Global Compact, and WWF.

Question 5

What does the SBTi require companies to do if they acquire a new business unit after setting approved targets?

Accepted Answer

Update targets to include the new unit within two years

Answer

SBTi gives companies up to two years after a significant acquisition to update and resubmit targets to reflect the new emissions boundary.

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