The Science Based Targets Initiative (SBTi)

SBTi Meaning: The Science Based Targets Initiative (SBTi) is a global organisation that helps set ambitious emissions reduction targets in line with the latest climate science. The SBTi aims to drive corporate climate action by enabling organisations to set science-based targets that align with the goal of limiting global warming to well below 2°C above pre-industrial levels, and preferably to 1.5°C, as outlined in the Paris Agreement.

Setting science-based targets demonstrates a organisations commitment to reducing its greenhouse gas (GHG) emissions and contributing to global climate goals. By setting these targets, organisations can enhance their sustainability credentials, reduce operational risks associated with climate change, improve investor confidence, and gain a competitive advantage in a low-carbon economy. It also helps organisations align their strategies with future regulatory requirements and consumer expectations.

To set targets under SBTi, an organisation must first calculate its current GHG emissions and establish a baseline. The organisation then uses SBTi-approved methodologies and criteria to set targets that align with climate science. These targets are submitted to SBTi for validation. Once validated, the organisation can implement strategies to achieve its goals and report progress annually.

Setting science-based targets provides a clear framework for reducing emissions, enhancing corporate reputation, and ensuring long-term organisation resilience. Organisations with SBTi-aligned targets often experience benefits such as increased innovation, cost savings from improved energy efficiency, enhanced investor relations, and a stronger brand image. Additionally, these targets prepare organisations for future regulations and help them stay ahead in a rapidly evolving marketplace.

SBTi-approved targets must meet specific criteria, including being set over a minimum timeframe of 5–15 years, covering the most significant sources of GHG emissions, and aligning with the goals of the Paris Agreement. Targets must also be regularly reviewed and updated in response to changes in a organisations emissions profile or in response to new climate science.

TEAM Energy provides comprehensive consultancy services to help organisations understand the SBTi process and develop actionable strategies for setting and achieving sustainability goals. Our multidisciplinary team of experts can assist with emissions calculations, target-setting methodologies, strategy development, and ongoing monitoring and reporting to ensure alignment with SBTi requirements and long-term sustainability objectives.

Science-based targets should be reviewed regularly, typically every 5 years, to ensure they remain aligned with the latest climate science and the organisations evolving business model and emissions profile. This process ensures that targets remain relevant and ambitious, driving continuous improvement in emissions reductions.

If an organisation fails to meet its SBTi net-zero targets, it is encouraged to reassess and adjust its strategy to get back on track. Continuous monitoring and regular reporting are essential to identify challenges early and adapt accordingly. SBTi provides guidance and resources to help organisations address gaps and strengthen their efforts to achieve their long-term sustainability goals.

No, setting science-based targets is not mandatory, but it is a proactive approach that many forward-thinking organisations are choosing to adopt. It signals a commitment to sustainability and climate leadership, and it can provide significant benefits in terms of reputation, risk management, and alignment with future regulations and market expectations.

For more information about the Science Based Targets Initiative and how TEAM Energy can assist with setting and achieving science-based targets, please contact our team of experts or visit the official SBTi website.