Overview 

Science-based targets have become the globally accepted standard for companies setting carbon reduction targets. Currently, companies representing a third of global GDP have committed to such targets. European companies are at the forefront of this global movement with more than 1500 who have committed to set a science-based targets and one-third of Europe’s largest listed companies committed to meeting Net Zero targets. Our team of independent experts will help your organisation set targets that are aligned with the latest climate science and the requirements of the Science Based Targets initiative (SBTi).

The benefits 

Science-based targets are becoming a license to operate in a decarbonizing global economy. The following are just some of the commercial and reputational benefits that setting science-aligned emission reduction targets will bring:

• Credibility and reputation. Following a robust target setting approach is a prerequisite for leading climate action.  
• Engage internal and external stakeholders. Create 'buy-in’ with your stakeholders, so your organisation can achieve its targets. 
• Increase resilience against upcoming regulation  – the new EU’s CSRD requires companies to set clear GHG reduction targets in line with science.
• Drive innovation and improve financial standing. Quantified pathways to emissions reduction will drive innovation and shape your long-term organisational strategy. 

Most importantly, the most recent found that companies with science-based targets decarbonize significantly faster than companies without targets, proving the tremendous effectiveness of these targets.

How we can help   

With over two decades of experience in carbon management, we’ll help your organisation set carbon reduction targets (Scope 1, 2 and 3) that meet the requirements of the Science Based Targets initiative and can tailor our approach to meet your specific business needs.Specific areas where we offer expertise include: 

Corporates   

We help you meet the requirements of the Science Based Target Initiative (SBTi) and tailor our approach to meet your specific business needs. We have helped more than 200 companies, across sectors including food and drink, transport, retail, utilities, manufacturing, finance, and real estate, set science-based targets and are members of the Technical Advisory Group of the SBTi. Our experts will guide you through the process, including:  

• Engaging with stakeholders to ensure buy-in across the organisation. 
• Completing Scope 1, 2 and 3 carbon footprints. 
• Advising on the requirements of Net Zero targets. 
• Modelling carbon reduction targets across Scope 1, 2 and 3, using methodologies such as the Sectoral Decarbonisation Approach or the Absolute Contraction Approach for near- and long-term targets. 
• Developing an implementation plan to assess target feasibility for Scope 1, 2 and 3.  
• Supporting you with your target submission to the SBTi. 

Financial institutions

As intermediaries, financial institutions play a key role in steering corporates towards Net Zero. The SBTi framework for financial institutions allows them to set science-based targets that track alignment of lending and investment portfolios with the Paris Agreement and facilitates engagement with corporates. We help financial institutions throughout the target-setting process, from the high-level commitment stage to setting ambitious and achievable goals, including feasibility assessment and implementation support.