Science Based Targets Initiative

The Science Based Targets Initiative (SBTi) is a global organization that helps companies and financial institutions reduce their greenhouse gas emissions in a scientifically grounded manner. Since its founding in 2015, the SBTi has supported over 6,000 companies and financial institutions worldwide to align their emissions reduction targets with the goals of the Paris Agreement. The SBTi develops standards, tools, and guidelines that enable companies to set GHG emissions reduction targets necessary to keep global warming below 1.5°C above pre-industrial levels and to achieve net-zero emissions by 2050 at the latest[2][4][5].

The mission of the SBTi is to drive the private sector to implement science-based climate action that aligns with the goal of limiting global warming to 1.5°C. The values of the SBTi include Accountability, Integrity, Respect, and Collaboration. These values guide all aspects of the organization's work and emphasize the importance of collaboration, integrity, and accountability in achieving shared goals[5].

The SBTi is committed to creating a net-zero emissions and equitable economy by 2050. Key initiatives include developing and promoting best practices for emissions reduction and net-zero targets, validating corporate targets through SBTi Services, and providing sector-specific pathways for high-emission sectors such as construction, steel, cement, and finance. The SBTi has already validated over 1,000 companies that comply with the Corporate Net-Zero Standard, ensuring that companies' net-zero targets meet the requirements to achieve net-zero by 2050 at the latest[4][5].

Companies that set science-based targets benefit from a variety of advantages, including future-proof growth, cost savings, increased investor confidence, enhanced innovation and competitiveness, and a strengthened brand reputation. Furthermore, these targets help reduce regulatory uncertainties and increase companies' resilience[2][4].

The SBTi is the result of collaboration between renowned organizations such as the World Resources Institute, CDP, the United Nations Global Compact, and the World Wide Fund for Nature (WWF). These partnerships enable the SBTi to provide comprehensive support and expertise to help companies achieve their climate goals[3][5].

The Science Based Targets Initiative thus serves as a central platform for companies committed to minimizing their environmental impact and contributing to a sustainable and climate-resilient future. Through its work, the SBTi makes a significant contribution to the global climate action agenda and promotes an economic transformation that is both ecologically responsible and economically successful.

• 1 - https://sciencebasedtargetsnetwork.org/about/
• 2 - https://sciencebasedtargets.org/how-it-works
• 3 - https://www.wri.org/initiatives/science-based-targets
• 4 - https://sciencebasedtargets.org
• 5 - https://sciencebasedtargets.org/about-us