The Science-Based Targets for Buildings (SBT4buildings) project provides solutions for companies in the building and construction sector who want to set carbon reduction targets in line with their own ambitions and Science-based Targets initiative (SBTi) requirements, working to decarbonize the entire value chain. The goal is to enable companies in the building and construction system to set science-based targets (SBT) that support the reduction of life-cycle carbon emissions of buildings (including Scope 3)
Setting SBT is seen as the private sector commitment to meet the Paris agreement for keeping temperature increase well below 2°C. In the building sector various leading companies have investigated the setting of SBT but many are faced with challenges due to value chain implications outside their direct control (Scope 3). For this reason, GHG reduction in the building and construction sector require stakeholders to take a systemic approach beyond company’s level.
The project aims a developing a common vision and language for the value chains on SBT and eventually develop guidance making it easier for companies to set SBT and ensure that their targets are aligned with the value chains expected needs. The project is central to the market transformation work area of the Global Alliance for Building and Construction (GABC).
The facilitation process aims at providing a value chain perspective and co-create a common language and shared guidelines. It makes it easier to identify common benefits, strategies and clear hotspots for fast intervention making it more cost effective maximizing impact and benefit. This will result in GHG reductions in line with the Paris Agreement requirement for a well below 2 degrees scenario.