Put simply, a science-based greenhouse gas emissions reduction target is a target to reduce emissions that has been developed in line with the latest climate science.
Prior to the introduction of science-based targets, many businesses understood the need to reduce their greenhouse gas emissions, but often set targets based on what they believed would be achievable rather than what was necessary to meet the goals of the Paris Agreement.
In 2015, the science-based target initiative (SBTi) was launched - a collaboration between the CDP, The United Nations Global Compact, World Resources Institute (WRI) and the World-Wide Fund for Nature (WWF) to promote best practice in Science Based target setting.
There are now over 2,000 companies worldwide with approved science-based targets, from Akzo-Nobel to Zurich Insurance. The list of businesses that is growing by the week.
If you are interested in exploring how your organisation can set a science-based target and transition towards Net Zero, get in touch today.