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Get started setting ambitious, science-based emissions targets

Programme Overview

The Climate Ambition Accelerator is a six-month accelerator programme for companies participating in the United Nations Global Compact who are looking to make progress towards setting science-based emissions targets and create a clear path to address their organisation’s transition to net-zero.

Led by the United Nations Global Compact with support from patrons Ørsted and Natura & Co and sponsored by En+ Group, the Climate Ambition Accelerator aims to scale-up credible climate action across companies of all sizes, sectors and regions, enabling them to deliver on meaningful commitments to reduce emissions at scale.

The Australian track of the Climate Ambition Accelerator will be supported by WSP and the Science Based Targets Initiative (SBTi), and will include a session with Edge Environment, Australia’s largest independent sustainability consultancy, certified B-Corp, and UN Global Compact participant.

No matter where companies are in their sustainability journey, the Climate Ambition Accelerator will equip them with the knowledge and skills they need to accelerate progress towards setting science-based emissions targets aligned with the 1.5°C pathway.

This accelerator will be particularly beneficial for corporates and small to medium enterprises (SMEs) at the start of their sustainability journey.

Through the UN Global Compact Network Australia, participating companies will gain access to global best practices, peer-to-peer learning opportunities, capacity building sessions and on-demand training.

 

Programme Benefits

What you will learn

  • Learn how to set science-based emissions reduction targets to achieve net-zero by 2050
  • Motivate your investors, leadership, employees and shareholders with an emission reduction plan that sets your organisation apart in the market
  • Gain a clear understanding of the Science Based Targets initiative (SBTi) and the net-zero concept, including methodologies, requirements, processes, benefits and applicability
  • Hear from peers and share insights in group sessions
  • Take advantage of on-demand learning that enables you to work at your own pace
  • Get access to industry experts and networking opportunities
  • Benefit from local delivery combined with global insights and best practices

What you will gain

  • The methodology and approach of science-based targets setting
  • The foundational knowledge you need to set a solid strategy towards ambitious science-based targets
  • How to drive climate change ambition internally and build internal buy-in and engagement for ambitious climate action at the management and board level
  • How to manage your global emissions and the different emission reduction strategies and initiatives that they can implement to meet ambitious targets
  • How to reduce scope 1 and 2 emissions and engage your value chain to reduce indirect scope 3 emissions
  • Certificate of completion.

Applications for the 2022 Climate Ambition Accelerator program is closed.

As part of the Climate Ambition accelerator programme, your company will receive:

   Guidance and inspiration

   Knowledge and training sessions

   Peer-to-peer collaboration

   Hands-on support

Frequently Asked Questions

 

About Climate Ambition Accelerator

What is the Climate Ambition Accelerator?
The Climate Ambition Accelerator is a six-month accelerator programme for companies participating in the United Nations Global Compact who are looking to make progress towards setting science-based emissions targets and create a clear path to address their organisation’s transition to net-zero.

Led by the United Nations Global Compact with support from patrons Ørsted and Natura & Co and sponsored by En+ Group, the Climate Ambition Accelerator aims to scale-up credible climate action across companies of all sizes, sectors and regions, enabling them to deliver on meaningful commitments to reduce emissions at scale.

The Australian track of the Climate Ambition Accelerator will be supported by WSP and the Science Based Targets Initiative (SBTi), and will include a session with Edge Environment, Australia’s largest independent sustainability consultancy, certified B-Corp, and UN Global Compact participant.

No matter where companies are in their sustainability journey, the Climate Ambition Accelerator will equip them with the knowledge and skills they need to accelerate progress towards setting science-based emissions targets aligned with the 1.5°C pathway.

This accelerator will be particularly beneficial for corporates and small to medium enterprises (SMEs) at the start of their sustainability journey.

Through the UN Global Compact Network Australia, participating companies will gain access to global best practices, peer-to-peer learning opportunities, capacity building sessions and on-demand training.

 

What is SBTi and how is the Climate Ambition Accelerator connected to it?
The Science Based Targets initiative (SBTi) drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets. The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

The SBTi call to action is one of the We Mean Business Coalition commitments. Find out more about the SBTi here.

Science-based targets show companies how much and how quickly businesses need to reduce their greenhouse gas (GHG) emissions to prevent the worst impacts of climate change – leading them on a clear path towards decarbonisation. Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement. In 2021, the SBTi announced its new strategy to increase minimum ambition in corporate target setting from ‘well below 2°C’ to ‘1.5°C’ above pre-industrial levels.

‘Well below 2°C’ targets will be gradually phased out from the target validation framework. .

The SBTi:

  • defines and promotes best practice in emissions reductions and net-zero targets in line with climate science,
  • provides technical assistance and expert resources to companies who set science-based targets in line with the latest climate science, and
  • brings experts together to provide companies with independent assessment and validation of targets.

The private sector’s uptake of science-based targets sends a clear signal that the transition to a low-carbon economy is underway. However, only a few companies in emerging markets have set science-based targets. It is a priority for the SBTi to close this geographical gap in the adoption of SBTs, by addressing barriers and exploiting opportunities, and supporting the local SBTi partner organisations to collaborate at the national and regional level.

How is the Climate Ambition Accelerator connected to the Business Ambition for 1.5 degree campaign?
Business Ambition for 1.5°C is a campaign led by the Science Based Targets initiative in partnership with the UN Global Compact and the We Mean Business coalition. It was launched in the lead up to the UN Secretary General’s Climate Action Summit in 2019 by a global coalition of UN agencies, business and industry leaders.

The goal of the Climate Ambition Accelerator is, among others, to amplify the Business Ambition for 1.5°C campaign across countries and sectors. The campaign calls on companies to set net-zero targets, using the SBTi Net Zero Standard, which was launched in October 2021. Find out more about the Net Zero Standard.

This is where the Climate Ambition Accelerator comes in: Through the accelerator programme, companies will be given the knowledge and skills they need to align their climate targets with a net-zero future and to set science-based targets in alignment with a 1.5°C warming scenario.

How is the Climate Ambition Accelerator connected to other UN Global Compact activities?
The Climate Ambition Accelerator aims to amplify at the country level the global work of the UN Global Compact, engaging all companies in climate action to achieve the goals of the Paris Agreement through robust mitigation and adaptation measures and responsible policy engagement –for a just transition to a net-zero future.

The Climate Ambition Accelerator builds on the UN Global Compact’s work to develop and promote the Science Based Targets initiative, its new net-zero standard and the Business Ambition for 1.5°C campaign, which in turn contribute to the Race to Zero campaign in the lead up to COP27. Additionally it also complements other UN Global Compact environmental sustainability efforts such as the Sustainable Ocean Business Action Platform and the Water Resilience Coalition.

What activities are included in the Climate Ambition Accelerator?
The Climate Ambition Accelerator aims to scale-up credible climate action across companies of all sizes, sectors and regions, enabling them to deliver on meaningful commitments to reduce emissions at scale.

The Climate Ambition Accelerator consists of three modules.

  1. Foundations

Participants will take a deep dive into the methodology and approach of science-based targets setting. From GHG accounting basics for companies starting their journeys to discussions about the net-zero concept for advanced stakeholders, this module will give companies the foundational knowledge needed to set a solid strategy towards ambitious science-based targets.

  1. Business Case

This module will focus on the business case for setting science-based targets. In this module, participants will learn how to drive climate change ambition internally and build internal buy-in and engagement for ambitious climate action at the management and board level. This module will also cover the business benefits of setting SBTs, internal KPIs and engagement opportunities for internal stakeholders and decision-makers.

  1. Implementation

In this module, participants will learn how to manage their global emissions and the different emissions reduction strategies and initiatives that they can implement to meet ambitious targets. They will also learn how to reduce scope 1 and 2 emissions and engage their value chain to reduce indirect emissions, scope 3.

Through the Global Compact Local Networks around the world, participating companies will gain access to:

▪ On-demand training

▪ Technical capacity building sessions

▪ Peer-to-peer learning opportunities

▪ Global sessions featuring climate best practices

What is the Climate Ambition Accelerator duration and time commitment?
The six-month accelerator will start in May 2022 and will run until November 2022, with the on-demand sessions being available online during that period.

Over the course of the accelerator programme, companies will participate in on-demand self-learning sessions, online workshops and peer-learning opportunities, and global sessions featuring global case studies on climate action. On average, participants may expect around seven hours of self-learning on-demand content and six hours of facilitated group sessions.

Participants will also be invited to attend global events. In total, participants should plan to dedicate 25 to 30 hours to the Climate Ambition Accelerator over six months.

What is the outcome of the programme?
Companies are constantly being asked by investors and clients to reduce emissions and set ambitious targets, but there is still a knowledge gap regarding what to do and how to do it.

The Climate Ambition Accelerator will equip companies with the knowledge and skills they need to set science-based targets aligned with the 1.5°C pathway, setting them on a path towards net-zero emissions by 2050. No matter where companies are in their sustainability journey, the Climate Ambition Accelerator will help them get started and make progress towards setting ambitious emission targets.

Who from our company should participate in the Climate Ambition Accelerator?
All participating companies are asked to nominate two representatives (one primary and one alternate representative) to actively participate in the programme on behalf of the company. This includes attending Climate Ambition Accelerator workshops, completing online sessions and coordinating with colleagues across the organisation to advance climate action. Only one representative is expected to join the sessions.

Ideally, the representative will be responsible for accounting, management and/or reporting (i.e., from Sustainability or Environmental departments).

In addition to the representatives mentioned before, all participating companies are expected to nominate an executive-level contact to follow Climate Ambition Accelerator developments, provide support to the company representatives as needed, and represent the company at high-level events that are part of or related to Climate Ambition. The executive-level representative should have a direct line of communication to the CEO (e.g., Member of the C-Suite or Board). The company’s CEO may also decide to take on the role of Climate Ambition executive-level representative.

My company already has emissions reduction targets. Why should we join the Climate Ambition Accelerator?
Participating companies that already have emissions reduction targets are welcome to join the initiative in order to further develop their current commitments and increase their climate ambition.

The Accelerator will equip companies with the knowledge required to advance in terms of climate ambition and set science-based emissions reduction targets aligned with the 1.5°C scenario of the Paris Agreement, aiming for net-zero emissions by 2050 at the latest.

Is the accelerator relevant for small and medium enterprises?
The Climate Ambition Accelerator welcomes participants from different sizes, from multinational companies to SMEs.

The private sector as whole has a key role to play in sending strong market signals and scaling innovative solutions to present concrete, realistic plans towards a zero-carbon economy while advocating for a green recovery.

The Accelerator is also designed for companies that are starting their journey towards ambitious science-based emissions reduction and will support companies to build a strong foundation covering the greenhouse gas accounting concepts to enable them to move towards emissions management and ambitious climate action.

How do I register to participate in the Climate Ambition Accelerator?
Companies can complete the registration form to sign up to participate in the accelerator by Friday 29 April.
Questions? Please see contact us for further details.

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