Science-based targets provide companies with a clearly defined pathway to sustainable growth growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions.
Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered “science-based” if they are in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre- industrial temperatures, as described in the Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR5). Adopting science-based targets is highly encouraged by reporting institutions including CDP and the Task Force for Climate-related Financial Disclosures.
We offer strategic advisory to companies seeking to develop a science-based target. In order for the target to be confirmed, it must meet the Science Based Target Initiative guidelines. Contact us today to learn more.