The Science Based Targets initiative (SBTi) is a collaborative effort between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). Science-based targets align with the latest climate science and the goals of the Paris Agreement, providing companies with a roadmap to reduce greenhouse gas emissions and transition to a zero-carbon economy. Science-based targets also align with the latest climate science to limit global warming to 1.5°C above pre-industrial levels. Companies can set science-based targets through a five-step process: commit, develop, submit, communicate, and disclose.
Who Can Apply?
- Companies of all sectors and sizes committed to reducing their greenhouse gas emissions are encouraged to apply for the Science Based Targets grant. To be eligible, companies must meet the following criteria:
- Be tax compliant with a valid Tax Clearance Certificate.
- Engage in Case I trade or Case II profession, including charities and approved sporting bodies.
- Submit a letter of intent to set a science-based target within 24 months of joining the SBTi.
- Develop and submit a target aligned with the SBTi’s criteria and methods.
- Publicly communicate the target and inform stakeholders.
- Annually disclose company-wide emissions and progress against the target.
Benefits of Science Based Targets
While the value of setting a science-based target is not monetary, companies benefit in various ways, including:
- Boosting profitability and competitiveness through efficiency and innovation.
- Enhancing investor confidence and access to capital by demonstrating long-term vision and resilience.
- Reducing regulatory uncertainty and risk exposure by aligning with policy trends.
- Strengthening brand reputation and customer loyalty by showing leadership in sustainability.
How to Apply
To set a science-based target, companies must provide the following documents:
- Tax Clearance Certificate.
- Completed letter of commitment.
- Completed target submission form.
- Completed target validation form.
- Evidence of public communication of the target.
- Evidence of annual disclosure of emissions and progress.
Join the Movement
Science-based targets provide a clearly-defined pathway for companies to reduce greenhouse gas emissions in line with the Paris Agreement goals. Over 4,000 businesses worldwide are already engaged with the SBTi. Join them today and take meaningful action towards a sustainable future.
Eligibility and Sector-Specific Pathways
Companies from all sectors and sizes are encouraged to join the SBTi. Sector-specific pathways are being developed to accommodate differences between business areas. The SBTi welcomes companies in high-emitting sectors to play a crucial role in the transition to a zero-carbon economy.
Note: The SBTi does not currently assess targets for cities, local governments, public sector institutions, educational institutions, or non-profit organisations.
For more information see: https://sciencebasedtargets.org/target-dashboard
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