By: Pivot Energy
June 22 2023
In a world where climate change poses an unprecedented threat, businesses must take decisive action to reduce carbon emissions and embrace sustainable practices. Pivot Energy is reinforcing its commitment to driving meaningful change in the renewable energy industry by joining the Science Based Targets initiative (SBTi) and setting science-based targets. Setting science based targets is smart for any business that wishes to reduce emissions, improve financial performance, attract and retain customers and investors, build a more sustainable future, and gain a competitive advantage. Keep reading to learn more about the significance of SBTi and why other companies should follow suit in having their decarbonization targets verified by a third party.
Established in 2015, SBTi is a powerful framework that empowers businesses to set carbon reduction targets in alignment with scientific evidence. 1,000+ companies across various industries – energy, transportation, manufacturing, and consumer goods – have already set science-based targets. By adopting SBTi targets, these companies are committing to reducing their greenhouse gas emissions in line with what the latest science recommends to limit global warming to below 2 degrees Celsius. SBTi provides a credible and robust methodology to measure and validate an organization’s carbon reduction efforts.
The SBTi provides companies with the tools and guidance to set ambitious targets. By setting SBTi targets, businesses are working towards addressing climate change and reducing their carbon footprint. This contributes to a more sustainable future and showcases a commitment to environmental stewardship and sustainability.
Setting legitimate decarbonization targets helps companies gain a competitive edge in the rapidly evolving sustainable market. Consumers and stakeholders increasingly prioritize sustainable practices and are more likely to support businesses that demonstrate a genuine commitment to reducing their carbon emissions and environmental impact. A study by the World Economic Forum found that companies that are climate leaders are more likely to be profitable and to attract and retain customers, employees, and investors.
Climate change poses significant risks to businesses, including supply chain disruptions, regulatory pressures, and reputational damage. Setting SBTi targets enables companies to identify potential risks and develop strategies to mitigate them, ensuring long-term resilience and reducing the impact of climate-related risks.
More and more customers and investors are demanding that companies take action on climate change. Investors are increasingly considering environmental, social, and governance (ESG) criteria when making investment decisions. By adopting SBTi targets, companies enhance their appeal to customers and investors who prioritize sustainable and responsible businesses. Overall, setting science-based targets will align your organization with the growing demand for sustainability-focused initiatives.
At Pivot, we are passionate about empowering companies to achieve their decarbonization goals. Our innovative renewable energy solutions are designed to drive tangible environmental impact while delivering economic and social benefits. Here's how our solar solutions can assist your business:
Customized Solar Solutions: Our team of experts works closely with businesses to design tailored solar solutions that align with their energy needs, sustainability objectives, and SBTi targets. Whether it's rooftop solar installations, community solar projects, or solar energy storage, we have the expertise to develop a solution that fits your unique requirements while reducing your carbon emissions.
Comprehensive Support: We provide end-to-end support throughout the entire solar project lifecycle. From initial assessment and design to installation, maintenance, and ongoing monitoring, we ensure a smooth and hassle-free transition to clean energy. Our goal is to maximize the return on your solar investment while minimizing operational complexities and helping you achieve your sustainability and decarbonization goals.
Financial Solutions: We understand that upfront costs can be a barrier for companies looking to adopt solar energy. That's why we offer flexible financing options, including power purchase agreements (PPAs) and solar leases. Not to mention, we can help you capitalize on the available incentives that will make solar accessible and financially viable for your businesses. We’ll help reduce the financial burden and accelerate your journey toward sustainability and decarbonization.
Setting legitimate decarbonization targets is essential for businesses looking to make a meaningful impact on the environment, reduce carbon emissions, and ensure long-term success in a sustainable world. Pivot is proud to lead by example with our newly established SBTi targets. Contact Pivot today to learn more about how our solar solutions can help your business achieve its decarbonization goals, reduce its carbon footprint, and position itself as a sustainability leader.
Together, solar and storage offer the unique ability to lower both demand and energy portions of a customer’s electricity bill.