Science-Based Targets (SBTs) are emissions reductions targets aligned to what the latest climate science deems necessary to meet the goals of the Paris Agreement. Science-based targets provide a clearly-defined pathway for companies to reduce greenhouse gas (GHG) emissions, help prevent the worst impacts of climate change and future-proof business growth in line with science.
Science-Based Targets are verified by the Science Based Target Initiative (SBTi). SBTi offers the most credible approach for setting emission reduction targets through its peer review and verification process, verifying set company targets against climate science.
Why Set a Science-Based Target?
Any organisation with a significant growth trajectory faces the added challenge of an ever-increasing emissions footprint. If it remains unmitigated, there is increasing uncertainty around potential financial and operational liabilities, in addition to a growing climatic impact. Therefore, setting an emissions reduction target in line with science offers a meaningful value proposition which:
- Demonstrates to stakeholders genuine climate action
- Drives operational emission reductions and innovative business practices
- Truly integrates climate action into the business model
- Improves business profitability and investor confidence
- Strengthens brand reputation
- Promotes decarbonisation initiatives throughout the supply chain
- Integrates with climate risk and TCFD disclosures where appropriate
- Reduces regulatory uncertainty