As the real estate sector accelerates towards net zero, organisations setting or renewing science-based targets are required to align with the SBTi Buildings Criteria. This new methodology represents a significant shift from the SBTi Corporate Standard that was previously used to set targets.
Amanda Skeldon (SBTi), Frankie Demetriades (Aberdeen Investments) and Ariane Ephraïm (Workspace Group) joined Greengage’s Amrita Dasgupta Shekhar and Akshita Gupta for an insightful discussion about the Buildings Criteria, a science-backed, globally recognised framework for real estate companies and financial institutions to set credible, 1.5⁰C aligned net-zero targets.
Watch the recording
The discussion covered:
- An overview of SBTi, the Buildings Criteria, and upcoming changes to Corporate Net Zero V2
- The drivers for adopting SBTi aligned targets
- Panellists’ experience of engaging internal stakeholders to secure buy-in
- Practical considerations and challenges around target setting and achievability and how organisations are addressing these
- Whether organisations should wait for Corporate Standard v2
A key highlight was sharing insights from our work with Workspace Group, which became the first UK corporate to validate a net zero target under the SBTi Buildings Criteria framework, and Aberdeen, which has used the SBTi Buildings Criteria as a framework to develop a fund level net zero target and strategy.
A big thank you to our panel members from SBTi, Workspace and Aberdeen Investments for their insight and expertise, and to our audience for their thoughtful questions and perspectives.
How Greengage can help
If you are reviewing your targets or preparing a submission under the SBTi Buildings Criteria, now is the time to strengthen your approach. Organisations should ensure that transition risks and business implications are fully considered, and that any data gaps are clearly identified and addressed.
