Why is Science-Based Target Setting important?

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.

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.