The Process of Setting Science-Based Targets

Step 1: Commitment

Organizations begin by signing the SBTI commitment letter, signaling their intention to establish and pursue science-based targets. This step is essential as it signifies a genuine commitment to supporting climate action.

Step 2: Target Development

Next, companies assess their greenhouse gas emissions and determine a baseline year, which is typically the year with the highest emissions. Using this baseline, they can develop specific targets for future years based on scientific methodologies provided by SBTI.

Step 3: Target Submission

Once targets are developed, companies submit them to SBTI for validation. This involves a thorough review process to ensure that the targets set are ambitious enough and align with the latest climate science.

Step 4: Disclosure and Reporting

After validation, companies are required to publicly disclose their targets and report on their progress annually. This transparency fosters accountability and allows stakeholders to track progress over time.

Types of Targets Under SBTI

Absolute Target

An absolute target measures the total reduction in emissions from an organization over a set timeframe. This type of target is straightforward as it focuses on quantifiable emissions reductions.

Intensity Target

An intensity target, on the other hand, measures emissions relative to a specific metric, such as revenue or output. While this approach can provide flexibility, it may not lead to significant overall emissions reductions if the organization’s activity increases.

Near-Term and Net-Zero Targets

SBTI distinguishes between near-term targets (typically covering a period of 5-10 years) and net-zero targets, which focus on achieving a balance between emissions produced and emissions removed from the atmosphere. Setting ambitious near-term targets is vital for immediate climate action.

Challenges in Implementing SBTI

Organizational Resistance

One of the main challenges many organizations face when adopting SBTI is internal resistance. Employees and stakeholders may feel uncertain about the commitment or lack understanding of its importance. To combat this, businesses should:

  • Educate employees on the importance of SBTI.
  • Highlight the long-term benefits to the organization.

Data Availability

Another challenge is the availability and quality of data needed for accurate emissions assessments. Organizations may have to invest in data collection and analysis to establish a reliable emissions baseline.