CoAct Database
WMB: Science-Based Targets initiative (SBTi)
The Science Based Targets initiative (SBTi) drives ambitious climate action in the private sector by enabling companies to set greenhouse gas emissions reduction targets aligned with what climate science shows is required to prevent catastrophic climate change. Founded in 2015, the SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi call to action is one of the We Mean Business Coalition commitments. ‘Business Ambition for 1.5°C’ is an urgent call to action, led by a global coalition of UN agencies, business and industry leaders.
We’re calling on companies to commit to ambitious emissions reduction targets through the Science Based Targets initiative (SBTi).
By setting a science-based target in line with a 1.5°C future, businesses can make their critical and necessary contribution to limiting the worst impacts of climate change.
| Target | Target type |
|---|---|
| Global net-zero emissions by 2050 for corporate and financial actors | Net zero target |
| Halving GHG emissions by 2030 from corporate and financial actors | Emission reduction target |
| 10,000 companies committed to or setting science-based targets by 2025 | Organisations engaged target |
| 20% or US$20 trillion of the global economy covered by approved 1.5 degrees C targets and 5GT of corporate emissions covered with science-based targets or commitments by 2025 | Economic target |