In this episode with Nate Aden, we cover the importance of companies setting science-based targets, what employees can do to jumpstart the process, the role of the financial industry in climate action, net-zero, and more!
Nate is the Finance Sector Lead at the Science Based Targets Initiative (SBTi).
Timeline:
0:00 Intro
1:40 Nate's climate story.
5:30 The Science Based Target Initiative's origin story and theory of change.
8:20 SBTi's exponential growth.
10:00 Five high-level criteria for assessing targets.
14:30 What the process is like for companies and/or employees spearheading the effort.
20:00 What happens after companies set their targets?
23:50 What is the annual rate of emission reductions that the targets translate to?
28:00 Biggest hurdles companies are facing and how to overcome them
31:30 How to start collecting data on scope 3 emissions
34:15 Three tips for employees for getting your company to sign up/get on board.
38:25 Where does the financial industry stand today? And where do they need to get to?
46:15 Tools & tech that can help financial institutions integrate a climate lens for their investment and lending decision making.
57:00 Opportunities to build on SBTi's work.
58:50 Divesting vs. engaging.
101:30 Net-zero & greenwashing.
1:12:00 No more investing in new fossil fuel infrastructure. 2030 & 2040 investing deadlines for investing in existing FF infrastructure.
1:15:35 Book recommendations and Nate's final message!
SBTi links:
Website: https://sciencebasedtargets.org/
Net-zero for financial institutions: https://sciencebasedtargets.org/net-zero-for-financial-institutions
Scope 3 evaluator tool: https://ghgprotocol.org/scope-3-evaluator
Resources: https://sciencebasedtargets.org/resources/?p=resources
Crowdsourcing Sustainability links:
Sign up for the Crowdsourcing Sustainability newsletter! https://crowdsourcing-sustainability.ck.page/c34a46ed01
Website: https://crowdsourcingsustainability.org
We're a 501c3 nonprofit. Please consider investing in us so we can keep increasing our climate impact! https://crowdsourcingsustainability.org/donate/
Linktree with other socials: https://linktr.ee/crowdsourcingsustainability
And a huge thank you to Diego Rentsch for editing as always!!