Allow for three cost categories: SBTi validation fees (varying by profile, SME route more accessible than corporate), specialist consultancy support for modelling (€15,000 to €40,000 excl. VAT depending on scope 3 complexity), and internal team time costs (0.3 to 0.8 FTE over 12 to 24 months). The external budget, SBTi fees and consultancy, lies between €20,000 and €55,000 excl. VAT; valuing internal time brings the full investment to €60,000 to €120,000 over two financial years, excluding decarbonisation investments themselves.
Read the source article: SBTi for an industrial SME: method, cost and timescales