- Future-proof growth
- Boost investor confidence
- Spurs innovation and competitiveness
- Provides resilience against regulation
Science-based targets provide a clearly-defined pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth.
Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C.
After sending a commitment letter, organizations have 24 months to submit their target.
Targets submitted to the SBTi first go through an initial screening to ensure basic criteria are met. Once a target submission passes the initial screening, companies will be asked to sign the target validation service contract. Once signed, the SBTi will assess the submitted targets.
Carbonbit consultants will help you draw from existing data to support your SBTi targets submissions.