Quiz of the Fortnight—May 01

1) With reference to the Science Based Targets Initiative (SBTi), consider the following statements:

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1. It is a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combating the climate crisis.
2. With the aim of limiting global warming and reach net-zero targets by 2050, SBTi developed standards, tools, and guidance for corporates and financial institutions to help them reduce GHG emission.
3. By now, SBTi has validated more than four thousand companies and financial institutions for leading transition efforts to net-zero economy.

How many of the statements given above are correct?