What is a science-based emission reduction target?
Organisations have a clear responsibility in helping the world transition to a zero-carbon economy and we believe science-based targets are the most credible way for your company to address this challenge.
Targets to reduce greenhouse gas emissions are considered “science-based” if they are aligned with the goals of the Paris Agreement, that aims to keep global temperature increase from pre-industrial times to well below 2°C and pursue efforts to limit it to 1.5°C
The Science-Based Target Initiative (SBTi)
The SBTi is a partnership between CDP (an international non-profit that allows companies to disclose their environmental impact), the United Nations Global Compact (UNGC), World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
To date, over 1,200 leading companies have formally committed and over 590 companies have had their targets officially approved. These companies have a combined market capitalisation of over $20.5 trillion USD, which equates to almost 20% of the global market.
Science-based targets are becoming the norm in the food and beverage processing industry. As of November 2020 45% of a high impact sample assessed by the SBTi in the agricultural, food and beverage sector had committed to science-based targets or had their target approved.
What’s more, your customers are setting science-based targets and will expect their suppliers to as well. The move towards a zero-carbon world is well underway so now is the ideal time to set your own science-based target – and join other organisations at the forefront of sustainability.
Carbon Intelligence has supported 1 in 3 UK approved science-based targets and 43% of all UK targets aligned to 1.5C including Avara Foods, Nomads and Nando’s. Contact us today firstname.lastname@example.org.