What is Science-Based Target Setting?

Science-Based Target setting (SBT) refers to the process whereby companies and organizations set greenhouse gas emission reduction targets in line with the latest climate science requirements needed 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 the warming to 1.5°C. This approach ensures that corporate sustainability strategies are aligned with scientifically backed goals, making them both more effective and credible in the fight against climate change.

Why is Science-Based Target Setting important?

In an era where environmental, social, and governance (ESG) considerations are becoming critical for investors, regulators, and consumers, adopting Science-Based Targets (SBTs) demonstrates a company's commitment to sustainable development and climate action. By aligning with the Science Based Targets initiative (SBTi), companies not only contribute to global efforts to mitigate climate change but also benefit from increased competitive advantage, improved investor confidence, and reduced regulatory risks.