Science Based Targets Initiative (SBTi)
Established in 2015, the Science Based Targets initiative (SBTi) is a global collaborative partnership that helps companies set emission reduction targets in line with climate science.
An emissions reduction target is defined as 'science-based' if it is developed in line with the scale of reductions required to keep global warming below 1.5°C from pre-industrial levels. To date, over 2,000 businesses have joined the initiative and set science-based targets to reduce their company's greenhouse gas emissions.
Setting a science-based target through the SBTi website is a five-step process:
- Commit: submit a letter establishing your intent to set a science-based target
- Develop: work on an emissions reduction target in line with the SBTi’s criteria
- Submit: present your target to the SBTi for official validation
- Communicate: announce your target and inform your stakeholders
- Disclose: report company-wide emissions and track target progress annually