SBTi Criteria definition

SBTi Criteria means the criteria and recommendations published by the Science Based Targets initiative (SBTi) in their 3.0 version published on 23 May 2018.
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SBTi Criteria means the criteria and recommendations published by the Science Based Targets initiative (SBTi) which is updated periodically to reflect current developments in climate science and best practices;
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Examples of SBTi Criteria in a sentence

  • The detailed guidelines can be found in Chapter 5 of the GHG Protocol Corporate Standard and in the Section - Recalculation and target validity in the SBTi Criteria.

  • The Authority shall require an actual meter reading to close a CDG Host account or CDG Satellite account taking service pursuant to CDG.

  • Refer to the SBTi Criteria Base and Target years, Scope 3 Timeframe, Supplier engagement targets, and RE targets for guidelines on acceptable time frames for different targets.

  • These updates are published in the V5 of the SBTi Criteria and Recommendations.

  • SBTi Corporate Manual TVT-INF-002 | Version 2.0 | December 2021 sciencebasedtargets.org@ScienceTargets/science-based-targets info@sciencebasedtargets.orgPAG Partner organizations Appointed approver review● A review of the assessment results and deliverables is completed by the AA to ensure accuracy and compliance with the SBTi Criteria and Target Validation Protocol.● Disagreements between the LR and the AA on the results of the assessment are resolved during TVT meetings.

  • All companies with targets shall publicly report progress against published targets annually as per the SBTi Criteria and Recommendations.

  • Companies’ near-term SBTs must also comply with the criteria listed below in this document.Companies must have valid SBTs that meet SBTi Criteria to be eligible for a net-zero target unless the long-term science-based target year is sooner than the maximum target year of near-term SBTs (i.e., 10 years from the date of submission).NZ-C2.

  • The table below notes where current SBTi Criteria are superseded by the Net-Zero Criteria.

  • Per SBTi Criteria, companies must set one or more emission reduction targets and/or supplier or customer engagement targets that collectively cover(s) at least 2/3 of total scope 3 emissions considering the “minimum boundary” of each category in conformance with the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard (Table 5.3, page 35, column “minimum boundary”).

  • If your submission passes the initial screening, the SBTi target validation team will validate the target against the SBTi Criteria and the Target Validation Protocol, and inform you when the target has been approved.

Related to SBTi Criteria

  • ASAM criteria means the most current edition of the American Society of Addiction Medicine's published criteria for admission to treatment, continued services, and discharge.

  • Board-Established Criteria means criteria that the Board of a Regulated Fund may establish from time to time to describe the characteristics of Potential Co-Investment Transactions regarding which the Adviser to the Regulated Fund should be notified under Condition 1. The Board-Established Criteria will be consistent with the Regulated Fund’s Objectives and Strategies (defined below). If no Board-Established Criteria are in effect, then the Regulated Fund’s Adviser will be notified of all Potential Co-Investment Transactions that fall within the Regulated Fund’s then-current Objectives and Strategies. Board-Established Criteria will be objective and testable, meaning that they will be based on observable information, such as industry/sector of the issuer, minimum EBITDA of the issuer, asset class of the investment opportunity or required commitment size, and not on characteristics that involve a discretionary assessment. The Adviser to the Regulated Fund may from time to time recommend criteria for the Board’s consideration, but Board-Established Criteria will only become effective if approved by a majority of the Independent Directors (defined below). The Independent Directors of a Regulated Fund may at any time rescind, suspend or qualify their approval of any Board-Established Criteria, though Applicants anticipate that, under normal circumstances, the Board would not modify these criteria more often than quarterly.

  • Evaluation Criteria means the criteria set out under the clause 27 (Evaluation Process) of this Part C, which includes the Qualifying Criteria, Functional Criteria and Price and Preferential Points Assessment.

  • Selection Criteria means and includes all of the requirements, considerations,

  • Performance Criteria means the criteria (and adjustments) that the Committee selects for an Award for purposes of establishing the Performance Goal or Performance Goals for a Performance Period, determined as follows:

  • Acceptance Criteria means the Specifications, goals, performance measures, testing results and/or other criteria designated by the Agency and against which the Deliverables may be evaluated for purposes of Acceptance or Non-acceptance thereof.

  • Criteria means one of the eight (8) state defined categories to be scored.

  • Performance Goals means, for a Performance Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board will appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of any “extraordinary items” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common stockholders other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s bonus plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to be expensed under generally accepted accounting principles; (11) to exclude the goodwill and intangible asset impairment charges that are required to be recorded under generally accepted accounting principles; (12) to exclude the effect of any other unusual, non-recurring gain or loss or other extraordinary item; and (13) to exclude the effects of the timing of acceptance for review and/or approval of submissions to the U.S. Food and Drug Administration or any other regulatory body. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award.

  • Goal means the intended or projected result of a comprehensive corrections plan or community corrections program to reduce prison commitment rates, to reduce the length of stay in a jail, or to improve the utilization of a jail.

  • Goals means the annual level of participation by SBEs in City Contracts as established in this chapter, the SBE Regulations, or as necessary to comply with applicable federal and state nondiscrimination laws and regulations. Goals for individual Contracts may be adjusted as provided for in this chapter and shall not be construed as a minimum for any particular Contract or for any particular geographical area.

  • Performance Measures means measures as described in Article 12 on which the performance goals are based and which are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation.