The Science Based Targets initiative (SBTi) is a coalition established in 2015 which aims to enable companies to set emission reduction targets in line with leading climate science.
Key Points
- It is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and WWF.
- The SBTi mobilises companies to set science-based targets and boost their competitive advantage in the transition to the low-carbon economy.
- The global Science Based Targets initiative (SBTi) has launched a new strategy to increase ambition in targets that corporations set to combat climate change.
- Until now, SBTi has called on firms to adopt targets aligning emissions cuts to a goal of “well below” 2 degrees Celsius.
- New targets require a firm ceiling of 1.5°C. The move is in line with the Paris Agreement and mounting scientific evidence that global warming should not exceed 1.5°C above levels in the early 1800s.
- Climate impacts could become increasingly severe beyond that point.
- The Paris Climate Agreement aims to limit global warming to well below 2° C relative to pre-industrial levels and pursue efforts to limit warming below 1.5° C.
