Commit to setting a science-based emission reduction target

Leading businesses recognise the opportunity – and the imperative – to be part of the low-carbon transition. Their future growth and competitiveness hinges on it.

By setting clear, ‘science-based’ emissions reduction targets, companies ensure their plans for carbon reduction meet the level of ambition needed to limit the increase in global average temperature to well below 2°C.

Science-based targets enable companies to play their part in achieving this goal while harnessing climate action as a driver of innovation, competitiveness, risk management and growth.

Companies can develop targets via the Science Based Targets initiative (SBTi). The SBTi is a collaboration between CDP, World Resources Institute (WRI), the World Wildlife Fund for Nature (WWF) and the United Nations Global Compact (UNGC).

How companies can engage in this initiative:

Companies wishing to make this commitment are asked to follow the steps outlined below:

• Submit a commitment letter, indicating that your company will work to set a science-based target.
• Develop a target: Once your company signs the commitment letter you will have up to 24 months to develop a target that aligns with the SBTi criteria for science-based targets. The initiative supports companies by providing methods and resources for target setting, as well as a sectorial decarbonization tool (SDT).
• Submit your target for validation: Once your target has been developed, you can fill out and submit the target submission form for assessment against the criteria.
• Announce the target: On confirmation that the SBTi criteria are met, your target will be showcased on the SBTi website, the We Mean Business coalition website and across a number of partner platforms.

Net-Zero 2050

The Net-Zero 2050 Team is a leadership group of CEOs and their companies, who are working together to accelerate the just transition to net-zero greenhouse gas emissions by 2050. They each have committed to set a science-based target, and further pledge to phase out all greenhouse gas emissions by January 1, 2050. They also pledge to use their influence to advocate for policies that support an economy-wide transition to net-zero greenhouse gas emissions by 2050.

The Net-Zero 2050 pledge is formally recognised as part of the We Mean Business coalition’s Take Action campaign and is a collaboration with the Science Based Targets initiative.

Find out more here >

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Commmitted Companies

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