The Science Based Targets initiative (SBTi) was introduced in 2018 to provide companies with a clearly defined path in reducing their emissions in line with the Paris Agreement goals. It helps companies understand how quickly they need to reduce their greenhouse gas (GHG) emissions to prevent the effects of climate change and lead them on a clear path towards decarbonisation.
Carbon reduction targets are considered Science-Based if they are in line with the latest climate science which has been set out to meet the goals of the Paris Agreement and limit global warming to 1.5°C. Targets are only credible if they meet a specific criteria, this includes covering a minimum of 5 years, making sure the targets are periodically updated to fit any changes that would otherwise affect their relevance, and that they align with an organisation’s GHG inventory.
A report in 2016 showed that the energy sector (electricity, transport, and heat) has been responsible for 73.2% of global GHG emissions. This has opened the door for companies from all areas and sizes committing to setting Science-Based targets, with more than 2,000 companies in 50 sectors already adopting SBTi goals to reduce their emissions in line with climate science.
Not only is reducing your GHG emissions great for the planet, it also benefits your company.
Our Net Zero and Carbon Reduction Consultancy includes a plan to create, maintain and report on your Science Based targets. We can help you to achieve your goals by:
The models and data underlying the development of Science Base Targets are provided by the Science Based Targets Initiative and the International Energy Agency. Companies adopting their own Science Based Targets can have them assessed and validated by the Initiative for a fee.
For more information, you can speak to a member of the team on 01908 690018 or contact us online.