The driving force behind SBTs is the Science-Based Targets Initiative (SBTi), a joint initiative of CDP, UNGC, WRI and WWF that develops methods and criteria for effective corporate climate action and validates corporate targets. Such targets must take into account scopes 1 and 2 according to the Greenhouse Gas Protocol Standard. If a company's scope 3 emissions account for more than 40 per cent of its total scope 1, scope 2 and scope 3 emissions, the targets must also cover scope 3.
Furthermore, company targets must focus on emissions reductions within its own value chain. External CO2 certificatesand avoided emissions are not counted towards the science-based targets. They represent a voluntary option and an additional commitment to paying a financial contribution towards emissions reductions beyond the SBT.
Take a look at the SBTi criteria for more detailed information.
The SBTi also developed a Net-Zero Standard for companies. This provides a clear and science-based definition of net zero and is the world’s first framework in the private sector for setting long-term, ambitious and science-based net zero targets.
You can find more information on science-based targets here.
You can find further exciting information on the subject of climate change and climate protection in our climate booklet