Countdown to COP26 – setting targets and raising climate ambition in your organisation

This event is now complete.

We all have to move to net zero emissions if we want to preserve our planet and our economies for future generations and meet the requirements of the UN Paris Agreement.

But what does setting a net zero target mean and how can your organisation raise its ambition?

In the countdown to COP26, now is the time to start thinking about raising the ambition of your climate targets. During this webinar you will learn:

• The importance of matching climate ambition with action and setting a credible net zero target
• How to ensure your net zero strategy is built on science and has interim milestones
• Setting science-based targets – an update on the SBTi's latest recommendations
• How regular disclosure of your targets framework leads to raised ambition

Key takeaways

1. Countries will likely increase the ambition of their Nationally Determined Contributions (NDCs) during COP26, which will provide certainty for future investments and motivate the private sector to adjust to a net zero world. Science-based target setting will gain in relevance as the de facto standard in target-setting
2. SBTi's new criteria requires your organisation to set Scope 1 and 2 targets in line with a 1.5°C degree pathway, to increase the ambition of your Scope 3 target to well-below 2°C, and to achieve all of your targets within 10 years from the date of submission.
3. Setting a SBT and disclosing your targets incentivises other high-impact organisations to accelerate their decarbonisation plan, which creates a virtuous cycle of climate action commitments.
4. The growing commitment of financial institutions to the SBTi signals the alignment of their investments and lending portfolio with climate goals.
5. Top-down target setting should match bottom-up reduction potentials, so that ambition is aligned with action within the company.

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