Science Based Targets Initiative Public Consultation on Beyond Value Chain Mitigation (BVCM)

The Science Based Targets initiative (SBTi) is developing corporate guidance on beyond value chain mitigation (BVCM) to accelerate and scale private sector mitigation finance. From 19th June 2023 to 30th July 2023, the SBTi will hold a 6-week public consultation process on this topic to inform the development of this guidance and related products.

This document is structured and designed to facilitate the consultation process and is not a draft of the SBTi’s guidance on BVCM. This document is structured around nine consultation topic areas. Each topic area section includes a discussion of the topic presenting the key considerations and conceptual framing, and provides a proposal and/or options for the SBTi’s approach, alongside a set of consultation questions.

The SBTi is a global body enabling businesses to set ambitious climate mitigation targets in line with the latest climate science. It defines and promotes best practice in science-based climate target setting, provides resources and guidance to reduce barriers to adoption, and independently assesses and approves company targets.