ch/sr15/ 7 Given the increasing urgency and scale of the climate crisis, the SBTi encourages all companies to go beyond net-zero targets, and take immediate and consistent action to deliver BVCM ● The potential for BVCM to deliver additional mitigation and climate finance is significant. [...] 21 Goals and Principles that can be used to inform BVCM strategy design and implementation BVCM GOALS BVCM PRINCIPLES Deliver additional near-term mitigation outcomes to achieve the peaking of global emissions in the mid-20s and the halving of global SCALE FINANCING NEED emissions by 2030. [...] Source: 29 2.3: Define the scale of the BVCM pledge Three methods for determining the scale of the BVCM pledge TON-FOR-TON METHOD MONEY-FOR-TON METHOD MONEY-FOR-MONEY METHOD A company delivers BVCM proportional to the A company channels finance towards BVCM by A company channels finance towards BVCM climate impact of a defined percentage of its applying a. [...] 38 Raising the Bar: An SBTi report on accelerating corporate adoption of BVCM 39 The SBTi “Raising the Bar” report describes a “problem statement” and a “vision” for accelerating corporate adoption of BVCM PROBLEM STATEMENT VISION There are an insufficient number of companies A critical mass of companies are going beyond funding and delivering BVCM consistently and at a science-based targets to al. [...] 40 The SBTi conducted research in 2023 on the barriers to and incentives for corporate adoption of BVCM Fear of greenwash accusation and lack of a credible Tax incentives and assessment of BVCM claims were BVCM claim were cited by corporates, FIs and SMEs as identified as the top new incentive mechanisms in terms the top barriers preventing BVCM funding of their potential impact in driving BVCM fu.
- Pages
- 64
- Published in
- United Kingdom
