As climate change intensifies, businesses, especially those in land-intensive sectors, face increasing pressure to reduce their environmental impact. The Science Based Targets Initiative (SBTi) offers a vital framework for these companies to set meaningful, science-backed climate targets. This article delves into the Forest, Land, and Agriculture (FLAG) Guidance provided by the SBTi, exploring its significance, key requirements, and available resources.
The SBTi's FLAG Guidance provides the world’s first standard method for companies in land-intensive sectors to set science-based targets. These targets include land-based emission reductions and removals. It is a crucial resource for businesses aiming to align their operations with a 1.5°C warming scenario, as outlined in the Paris Agreement. This guidance specifically addresses emissions stemming from deforestation, land conversion, and agricultural practices, while also promoting carbon sequestration through sustainable land management.
The Forest, Land, and Agriculture (FLAG) sector plays a dual role in the climate crisis. On one hand, it's significantly affected by climate change impacts. On the other hand, it is a major contributor to the problem, accounting for approximately 22% of global greenhouse gas (GHG) emissions, making it the third-highest emitting sector after energy and industry.
Addressing land-related emissions is crucial for:
The SBTi FLAG Guidance outlines specific requirements for companies in land-intensive sectors:
Companies involved in food production, processing, retailing, and tobacco are required to set FLAG targets. This also applies to companies in other sectors if FLAG-related emissions constitute over 20% of their total scope 1, 2, and 3 emissions.
The SBTi provides a range of tools and resources to support companies in setting and achieving their FLAG targets:
For companies ready to take action, the SBTi offers clear steps to get started:
The SBTi FLAG Guidance offers a comprehensive framework for companies in land-intensive sectors to reduce emissions and enhance carbon removals. By following the guidance and utilizing available resources, businesses can play a crucial role in mitigating climate change, preserving natural ecosystems, and securing a sustainable future. You can also explore other sector specific guidance to help with setting science-based targets.
