Participate in a webinar exploring the Science Based Targets initiative's (SBTi) guidance on Beyond Value Chain Mitigation (BVCM) for companies. Learn about the importance of scaling up investment to halve global emissions by 2030 and achieve net-zero by 2050. Discover how BVCM fits into the Net-Zero Standard and explore the nine topics covered in the public consultation process. Gain insights into the four-step structure for BVCM guidance, including approaches to allocating responsibility, determining commitments, and designing BVCM portfolios. Examine the evolving landscape of claims and regulatory developments related to BVCM. Understand proposed incentive mechanisms and potential actions to remove barriers to BVCM investment based on survey results from 212 businesses and interviews with 25 companies. Review three fictional case studies illustrating how companies can operationalize SBTi's recommendations. This 32-minute presentation by Scarlett Benson provides a comprehensive overview of BVCM and the ongoing public consultation process, open from June 19 to July 30, 2023.
Beyond Value Chain Mitigation: Public Consultation and Guidance Development
Science Based Targets initiative via YouTube
Overview
Syllabus
Intro
BVCM is one of the four elements of the Net-Zero Standard
The consultation process is structured around 9 topics
There is a need to provide more information on what activities and types of investments can fulfil company commitments to BVCM... there are a number of areas on which we're consulting
We intend to structure the BVCM guidance on the four steps below
We explore different approaches to allocating responsibility for BVCM to companies as well as the tension between "responsibility" and "ability" to pay
We are consulting on 3 possible methods that companies could use to determine the nature and scale of their commitment to BVCM
We are consulting on 6 Principles for step 3 to support companies in designing a BVCM portfolio
While claims are an important part of the business case for BVCM, they are also a source of risk for companies given the evolving regulatory landscape
There are a number of important developments in this space, including..
We utilized insights from a recent survey of 212 businesses and interviews with a further 25 to propose a set of incentive mechanisms
We highlight potential actions to remove barriers to investment in BVCM, and new incentives for promoting it
We have created 3 fictional case studies to help visualize how companies operationalize the SBTI's recommendations
Taught by
Science Based Targets initiative
