Science & Tech

Science-based Targets Initiative (SBTi)

  • The recent meeting of major financiers and supporters of the carbon offsets market in London prompted worries about the Science Based Targets initiative’s (SBTi) role in constraining market growth.
  • SBTi’s severe standards for net-zero plans have made it the gold standard in emissions accountability, but some say that they limit the effectiveness of carbon offsets in fighting climate change. 

What is the Science-Based Targets Initiative (SBTi)?

  • The SBTi is a collaborative project led by four international organisations.
  1. Carbon Disclosure Project (CDP),
  2. United Nations Global Compact (UNGC),
  3. World Resources Institute (WRI), and
  4. World Wide Fund for Nature (WWF).
  • The SBTi aims to assist businesses in setting ambitious and scientifically sound greenhouse gas (GHG) emission reduction targets.
PurposeTo motivate aggressive business action on climate change by offering a framework for establishing science-based targets that are consistent with the Paris Agreement goals.
Launch Year2015
Founding OrganizationsCarbon Disclosure Project (CDP),United Nations Global Compact (UNGC),World Resources Institute (WRI), andWorld Wide Fund for Nature (WWF).
MethodologiesSBTi provides principles and methodology for businesses to set targets that are compatible with the most recent climate research and help to minimise global warming.
Global ReachEngages with businesses worldwide, partnering with partners from many sectors, regions, and industries to encourage the adoption of science-based goals.
RecognitionRecognised as a major forum for corporate climate action, companies commit to setting science-based targets and reducing greenhouse gas emissions.Updates and refines its techniques and verification processes to match improvements in climate science and best practices for reducing emissions.

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