Science-Based Targets For Companies Explained

Main climate initiatives available to companies

There are many climate initiatives available for companies to join. Initiatives can be specific to certain areas such as RE100 (Renewable Energy Targets) or EV100 (Electric Vehicles Targets). Or they can cover a company’s entire emission portfolio.

What is the Science-Based Target Initiative?

The Science-Based Targets Initiative (SBTi) was established in 2015 through a partnership between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC). The objective of the SBTi is to show companies how to create effective GHG emission reduction strategies. It allows companies to be confident that their strategies will help to mitigate the worst effects of climate change.

Source: SBTi Progress Report 2020

‍What are Science-Based Targets (SBTs)?

Based on the SBT definition, “targets are considered ‘science-based’ if they’re in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement — limiting global warming to well below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.”

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