The Science Based Targets initiative, launched in 2015, promotes science-based targets to strengthen the competitive position of companies that (want to) move to a low-carbon economy. The companies participating in the initiative’s call-to-action commit themselves to setting a science-based climate target within the next two years. In line with the results of the Paris Agreement, they attempt to limit global warming to 1.5°C or well below 2°C. The overall goal is for science-based targets to become standard practice in businesses by 2020 and for companies to play an important role in reducing global greenhouse gas emissions. In order to achieve this, the embedding of these goals in sustainability management is of central importance.
The initiative is a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and is one of the commitments of the We Mean Business Coalition.
Setting targets according to the Science Based Targets is already part of the annual reporting practice of companies as it is included in the CDP questionnaire and assessment.
The initiative supports the integration of science-based targets into existing climate leadership platforms, including UN Caring for Climate, WWF Climate Savers and others. Science-based objectives are included in the CAIT climate data.