It was developed by the British Standards Institution (BSI) and was first published in 2010. The standard is designed to help organizations understand and communicate the environmental impact of their activities, with the ultimate goal of reducing their carbon footprint and combating climate change.

PAS 2060 allows organizations to calculate the carbon footprint of their activities across the entire lifecycle of a product or service, from the extraction of raw materials to the disposal or recycling of the final product. This includes the carbon footprint of the organization’s operations, such as energy consumption, transportation, and waste management, as well as the carbon footprint of the products and services they provide.

The standard provides a framework for organizations to measure, monitor, and manage their carbon footprint and to set and achieve reduction targets. It also provides a consistent method of calculation, making it possible to compare the carbon footprint of different products and services, and to identify areas where improvements can be made.

One of the main benefits of PAS 2060 is that it provides a robust, transparent and consistent approach to carbon footprinting and enables organizations to report their carbon emissions in a comparable way.

On the other hand, the Science Based Targets initiative (SBTi) is a partnership between leading organizations focused on setting science-based greenhouse gas (GHG) emissions reduction targets that are consistent with the Paris Agreement. SBTi provide guidelines for companies to set their own science-based targets and to verify the targets through their process. It provides companies with a framework for setting targets that are in line with the latest climate science and are necessary to limit global warming to well below 2 degrees Celsius.

In short, PAS 2060 is a standard for measuring, monitoring, and managing the carbon footprint of an organization, product, or service, whereas SBTi is a framework for setting science-based targets for greenhouse gas emissions reduction. PAS 2060 is a way for companies to measure and understand the impacts their operations and products have on the environment. Meanwhile, SBTi is a way for companies to align their emissions reduction goals with the Paris Agreement and to take necessary actions to mitigate the effects of climate change.

Both standards are important tools that organizations can use to understand and reduce their environmental impact. PAS 2060 provides a robust and transparent method for measuring an organization’s carbon footprint, while SBTi provides a framework for setting science-based targets for reducing greenhouse gas emissions, aligned with the Paris Agreement.