SBT4buildings provides solutions for companies in the building and construction system who want to set carbon reduction targets in line with their own ambitions and with the Science-Based Targets initiative (SBTi) requirements of keeping global warming to a maximum of 1.5 degrees. The project enables companies to work with partners in the value chain and provides them with a common language and the tools that can help them find the best combination of measures.
The building and construction system is a diverse and fragmented value-chain made up of different sectors. According to the latest Global Status Report from the Global Alliance for Building and Construction (GlobalABC), it is responsible for approximately 40% of energy-related greenhouse gas emissions. These emissions are found particularly in the construction (embodied carbon) and the operation (operational carbon) of buildings. Both these aspects need to be considered, in an integrated way, in order to reduce emissions from the entire system.
SBT4buildings helps align company SBT contributions to the goal of net-zero emissions. A common language, along with specific information and tools, helps companies to set achievable SBT and address decarbonization across the lifecycle of buildings. The project is central to the market transformation work area of the GlobalABC.
SBT4buildings aims to co-create a common language and shared guidelines, from a value-chain perspective. It makes it easier to identify common benefits, strategies and hotspots for fast intervention - making SBT targets more cost-effective as well as maximizing impact and benefit. If achieved, this will result in GHG reductions in line with the goal of the Paris Agreement to slow warming to well below 2 degrees. SBT4buildings aligns companies’ SBT contributions to the required decarbonization toward a net-zero carbon system.