Summary of the July 2024 SBTi Update on Scope 3 Emissions Target

It contains everything you need to know about recent updates to scope 3 emissions target setting and measurement, and the role of environmental attributes certificates (EACs) in meeting climate targets, making it easier for you to understand the key discussion points and their impact on your organisation's climate strategy and climate target.

Our review includes:

• A high-level summary of the latest SBTi findings
• Definitions of key terms and concepts, such as insetting, offsetting and beyond value chain mitigation (BVCM)
• Carbon credits and commodity certificates explained
• Potential changes to scope 3 emissions target setting
• Potential scenarios for the use of EACs
• Insights into the effectiveness of EACs based on recent updates
• Key implications and actionable takeaways for your business
• South Pole's perspective on what this means for your corporate climate goal and net zero target