Your company’s targets need to meet the eligibility criteria if being submitted to SBTi. We often use proven methodologies such as the sectoral decarbonisation approach, C-FACT and the 3% solution to help calculate targets.
The Science Based Targets Initiative is a joint project between the CDP, UN Global Compact, World Resources Institute and the WWF to assist businesses identify how much and how quickly they need to reduce their greenhouse gas emissions.
A carbon emissions target is defined as science-based if it is in line with the scale of reductions required to keep global temperature increases below 1.5 degrees compared to pre-industrial temperatures.
Businesses that adopt science-based targets build long term business value and safeguard their future profitability. Anthesis helps businesses to recognise the best methodology for them, measure key metrics, set a science based target and identify the steps you will need to take to meet them.
How we do it
- Helping you to choose your target setting approach, whether it be sector, absolute or economic.
- Modelling current carbon performance and forecasting ‘business as usual’ performance.
- Choosing the most suitable methodology for science based targets.
- Setting science based targets in line with the most ambitious reduction scenario and submitting them to the Science Based Target Initiative.
- Evaluating reduction methods and business operations to identify hotspots.
- Reviewing targets and progress annually.
Taking action now will help you stay a step ahead of future policies and regulations to limit carbon emissions.
We partnered with industry expert Anthesis to ensure we could meet the rigorous requirements of an SBTi-approved goal for Scope 3 emissions. With Anthesis’ guidance, we were able to footprint our current Scope 3 impact as well as model out all the underlying initiatives and activities that will help us achieve our 2030 target.
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