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Science-based targets provide a clearly-defined pathway for companies and financial institutions to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth.
Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.
The Science Based Targets initiative (SBTi) mobilizes the private sector to take urgent climate action.
By guiding companies in science-based target setting, we enable them to tackle global warming while seizing the benefits and boosting their competitiveness in the transition to a zero-carbon economy.
We do this by:
We know that governments and business must act together. Widespread and ambitious science-based target setting gives governments the clarity and confidence to take bolder action.
Our vision is for science-based target setting to become the new normal, creating a thriving economy in harmony with the natural world that sustains us all.
SBTi lists organizations’ target status as ‘committed’ if they have made a public commitment to set a science-based target aligned with the SBTi’s target-setting criteria within 24 months.
It lists organizations’ target status as ‘targets set’ if they have had their targets independently validated by the SBTi.
Globally, a total of 3745 of companies have submitted their commitments to the SBTi. As of October 2022, 1783 companies had their targets approved by the SBTi. In Switzerland:
Register online and submit a letter to commit to setting a science-based target, or to have your existing targets independently verified.
Register online using the SBTi commitment process. Please note Small and Medium enterprises must instead use the streamlined route for SMEs (definition: SME as an independent, non-subsidiary company with fewer than 500 employees).
Submit the standard commitment letter. We encourage companies to commit to net-zero and automatically join the Business Ambition for 1.5°C and the Race to Zero.
Please note oil and gas companies, airports, or companies with >50% coal or at risk of non-parent approach are not able to join the Race to Zero at this point in time.
All committed companies are recognized as “Committed” on our website and partner website We Mean Business.
Once committed, your company has 24 months to submit their targets to the SBTi.