- We don’t think that’s enough to meet your target. The goal is to get a targeted group of suppliers or customers to set their own SBTs. For example, AstraZeneca has committed to having SBTs in place for 95% of its suppliers for spend on purchased goods and services and capital goods by FY2025, and for 50% of its suppliers for spend on upstream transport and distribution and business travel by FY2027.
- As engagement programmes progress, companies need an approach to ensure that suppliers’ SBTs are aligned with the SBTi criteria to credibly contribute to their engagement target. Validation of supplier targets against the SBTi is encouraged but not required - although this level of validation provides an effective way for companies to count supplier targets against their engagement target. Companies may find that some of their suppliers have already set SBTi validated targets and can check their supplier list on the SBTi Companies Taking Action table. SME suppliers can opt for SBTi’s streamlined SME route. Suppliers not validating targets through SBTi will need to submit their target details through the data collection process. It is important to ensure that the right level of target detail is collected to enable cross-checking against the SBTi criteria, as mentioned in section 4.5. Companies should check that supplier targets meet the latest SBTi boundary, timeframe and ambition criteria.
Agree?