SBTi

Science-based emissions targets are those that align with what the latest climate science suggests is necessary to meet the goals of the Paris Agreement. These are agreements to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C. The SBTi provides companies with a defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions.

The initiative utilises a sector-based approach, considering each industry’s unique mitigation potential and transition pathway. This equips companies with a clear roadmap to navigate the transition towards a low-carbon economy, while ensuring that reduction efforts are in line with what’s necessary to mitigate the worst effects of climate change. As of now, the SBTi is one of the most globally recognized standards, embraced by over a thousand businesses worldwide.

Companies participating in the SBTi commit to setting measurable goals compliant with decarbonisation requirements. The goals must cover company-wide Scope 1 and 2 emissions and must, if relevant to the business, address Scope 3 emissions as well. SBTi’s rigorous criteria ensure companies stay aligned with climate science and current best practices in target setting and largely contributes to transparency, accountability, and effectiveness in global climate action.

Overall, the SBTi not only guides companies in defining robust and credible science-based targets but also equips businesses to play a critical role in driving global decarbonization efforts, significantly contributing to the global movement toward sustainable, green energy solutions and innovative carbon accounting practices.