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Science-Based Targets

The Science-Based Targets initiative (SBTi) are greenhouse gas reduction goals set by businesses to align with the reductions needed to keep global temperature increases well below 2°C compared to pre-industrial levels. These targets help businesses transition to a low-carbon economy by providing clear pathways for sustainable change.

Business Case for SBTi

The SBTi outlines several incentives for companies to set science based targets:

• Drive innovation

• Reduce regulatory uncertainty

• Strengthen investor confidence and credibility

• Improve profitability and competitiveness

How to Set Science-Based Targets

1. Submit a Commitment Letter
o Begin by submitting a commitment letter to the SBTi, indicating your intent to set science-based targets. This step recognises your company as committed to aligning emissions reduction targets with the 1.5°C goal.

2. Develop Targets
o Develop your targets in line with SBTi criteria. This involves calculating your current greenhouse gas emissions and setting reduction targets that align with the latest climate science.

3. Submit for Validation
o Submit your developed targets to the SBTi for validation. The SBTi will review and validate your targets to ensure they meet the required standards.

4. Announce Your Targets
o Once validated, publicly announce your targets within six months. This can be done through press releases, your company’s website, and other communication channels.

Why Choose Planet First Energy for Setting Science-Based Targets?

Establishing Science-Based Targets is a critical step in a company’s sustainability journey, and Planet First Energy provides the expertise and resources to guide you through each stage with confidence. Here’s why Planet First Energy is the perfect partner for setting and achieving your SBTi goals:

• Expert Guidance Aligned with the Latest Climate Science: Planet First Energy’s team is well-versed in the SBTi framework and requirements, ensuring that your targets align with the latest climate science and standards. We help you translate complex emissions data into realistic, impactful goals that are both science-based and achievable.

• Streamlined, Step-by-Step Process: Our approach breaks down the SBTi process into clear, manageable steps. From initial commitment to target validation, we support you at each phase, helping to simplify the process and ensure your business meets SBTi requirements efficiently.

• Reinforced Credibility with Stakeholders: With growing interest in sustainable business practices, meeting SBTi standards demonstrates your commitment to climate action. Planet First Energy provides a structured approach to setting credible targets, building trust with investors, customers, and partners.

• Support for Long-Term Carbon Reduction: Beyond just setting targets, Planet First Energy provides ongoing guidance to integrate these goals into your business strategy, helping to drive innovation and enhance competitiveness in a low-carbon economy.

• Dedicated Partnership in Sustainability: At Planet First Energy, we believe in lasting change. We don’t just help you meet current targets; we empower your organisation to evolve with the shifting regulatory landscape, equipping you to maintain leadership in sustainability for years to come.

Speak to us about how to set up a Science-Based Target. »