Science Based Targets initiative

General

Name of initiative Science Based Targets initiative
LPAA initiative Yes
NAZCA Initiative Yes
Website address http://sciencebasedtargets.org/
Related initiatives
Starting year 2015
End year
Secretariat Heidi Huusko, United Nations Global Compact, 685 3rd Ave 12th Floor, New York, NY 10017, phone: +1 646 884 7513, Email: huusko@un.org
Organisational structure A steering committee (one representative from CDP, UN Global Compact, WRI and WWF) constitutes the main decision making-body of the initiative.

A high-level advisory board, composed of one high-level representative per partner organization and a representative from WMB, provides guidance, mobilize resources, and ensure internal buy-in within each of the partner organizations.

A core team, hosted by the partner organizations, delivers the strategy and work plan. The SBT core team members lead the implementation of key pieces of the SBT strategy in coordination with the relevant stakeholders within each of the partner organizations and externally. The SBT core team is the main implementation body of the SBT strategy, except for corporate engagement activities, that will remain within each of the partner organizations.

A Technical Advisory group consists of experts in the field of corporate sustainability, particularly dealing with science-based target setting methods, who give independent advice and input to the development of new methodologies.

Geographical coverage Global
Name of lead organisation CDP, UN Global Compact, World Resources Institute (WRI), World Wide Fund for Nature (WWF)
Type of lead organisation Business, Network/Consortium/Partnership
Location/Nationality of lead organisation United States of America

Description

Description Science Based Targets is a joint initiative by CDP, the UN Global Compact (UNGC), the World Resources Institute (WRI) and WWF intended to increase corporate ambition on climate action by changing the conversation on GHG emissions reduction target setting and creating an expectation that companies will set targets consistent with the level of decarbonization required by science to limit global warming to less than 2°C compared to pre-industrial temperatures.
Objectives
Activities Corporate engagement and outreach
One or two success stories achieved Overall science based targets has caught up with the language of various stakeholders working on climate issues, and given guidance and methods on how companies can set a GHG target aligned with climate science. Post COP21 our strategy is to turn science-based target setting into standard business practice.

Institutionalized the adoption of science based targets via CDP Questionnaire and Scoring: - SBT has been included into CDP questionnaire requiring sustainability practitioners in thousands of companies to assess if their targets are SBT. - CDP incorporates in 2016 scoring leadership points for having a SBT validated by the Call to Action campaign Reduced barriers for setting targets aligned with climate science: - Supported dozens of companies in the process of establishing and disclosing their science-based reduction targets - Developed a freely-available Sectoral Decarbonization Approach (SDA) method and calculation tool to supplement existing science-based target setting approaches and leverage newly-available mitigation data - Drafted a manual that provides best practices on how to adopt and implement science based targets Created a Critical mass (by COP21): - Published a report that highlights the gap between current company target levels and the level of decarbonization required by science to limit global warming to less than 2°C compared to pre-industrial temperatures - Recruited 118 companies, from more than 20 countries, to make a commitment to set a science based target - Reviewed and approved the targets of 11 companies

Notable examples of high-profile companies that have passed this official check and their targets are: • Coca-Cola Enterprises, Inc.: Coca-Cola Enterprises commits to reduce absolute GHG emissions from their core business operations 50% by 2020, using a 2007 base-year. Coca-Cola Enterprises also commits to reduce the GHG emissions from their drinks 33% by 2020, using a 2007 base-year. • Enel: Enel commits to reduce CO2 emissions 25% per kWh by 2020, from a 2007 base-year. The target includes the decommissioning of 13 GW of fossil power plants in Italy, and is a milestone in the long term goal to operate in carbon neutrality by 2050. • Sony: Sony commits to reduce GHG emissions from its operations by 42% below fiscal year 2000 levels by fiscal year 2020. Also, the company has a long-term vision of reducing its environmental footprint to zero by 2050, requiring a 90% reduction in emissions over 2008 levels by 2050 (scopes 1, 2, and 3).

Monitoring and Impacts

Sustainable Development Impact:
E SDG goals icons-individual-rgb-13.png  
Function of initiative Implementation, Technical dialogue
Activity of initiative Goal setting (ex-ante), Knowledge dissemination and exchange, Technical operational implementation (ex-post)
Indicators
Technical operational implementation (ex-post) — Stakeholders who have committed to the goals
Year20152016201720182019
Value (#)47104228438604
Goal setting (ex-ante) — Stakeholders who have committed to the goals
Year2030
Value (#)2000
Goal setting (ex-ante) — Total Mitigation
Year2030
Value (MtCO2e/yr)2000
Goals 1.In July 2019 at 367 leading companies will have committed to adopt science-based GHG emission reduction targets and 237 companies have approved science-based targets.

2.Science-based target setting will be embedded in key mechanisms and platforms that lead to the widespread and sustained adoption of GHG emission reduction targets in line with science as a standard business practice in priority regions and sectors.

3.In support of the Paris Agreement, science based targets from leading companies demonstrate to policy-makers the scale of emission reductions that are achievable to positively influence international climate negotiations and domestic climate policy.

Comments on indicators and goals tCO2e estimate from the report: "Individual actors, collective initiatives and their impact on global greenhouse gas emissions", New Climate, PBL, and Yale 2018. Assuming that by 2030, 2000 companies have adopted a science-based target in line with the 2 degree goal."tCO2e estimate from the report: "Individual actors, collective initiatives and their impact on global greenhouse gas emissions", New Climate, PBL, and Yale 2018. Assuming that by 2030, 2000 companies have adopted a science-based target in line with the 2 degree goal." cannot be used as a page name in this wiki.
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals We had a goal of 100 companies for COP21. By COP21 38 companies committed to set a SBT with 9 already having a validated SBT. After COP21 there are approximately 2 companies joining/week.

The initiative is working to develop methods for the sectors not currently or insufficiently covered by the Sectoral Decabonization Approach and aims to have these completed within approximately the next year (2017). We are also refining our eligibility criteria and recommendations to provide companies with as much information as possible to assist them in developing their targets.

Advice on products: Defines and promotes best practice in science-based target setting with the support of a Technical Advisory Group.

How are you tracking progress of your initiative The initiative tracks the number of companies that have "signed up" to SBTs and the targets that have passed the SBTi's official target quality check. Those that are "signed up" are either companies that have signed a commitment letter stating that they will set a science-based target meeting the SBTi's Call to Action eligibility criteria within two years and those that have approved science-based targets (whether they had submitted a commitment letter previously or not). Both numbers are displayed on the SBTi's website at http://sciencebasedtargets.org/companies-taking-action/.
Available reporting While the SBTi has outlined reasons that companies with ambitious targets are often more successful, it has not yet done an in-depth analysis of the business case for companies that have set SBTs. It is considering doing so in the future.

Regulation and reporting: One of the objectives of the SBTi was to demonstrate the scale of ambition of the private sector to policymakers. The main push was for COP 21. In the wake of the Paris Agreement SBT engagement strategies will incorporate NDCs where possible. Regarding reporting, CDP has started scoring SBT information in its climate change questionnaire starting in 2016 and still continue to do so.

Participants

Participants Number Names
Members 237  
Companies 237 By participant we mean a company that have approved a science based target:

General Mills Inc. United States of America (USA) Dell Technologies United States of America (USA) Thalys Belgium BillerudKorsnäs Sweden Sony Corporation Japan Enel SpA Italy Kellogg Company United States of America (USA) NRG Energy Inc United States of America (USA) Pfizer Inc. United States of America (USA) Coca-Cola HBC AG Switzerland International Post Corporation Belgium PostNord AB Sweden Advanced Micro Devices,Inc United States of America (USA) Autodesk,Inc. United States of America (USA) Host Hotels & Resorts,Inc. United States of America (USA) UBM plc United Kingdom (UK) Proximus Belgium Lundbeck A/S Denmark Daiichi Sankyo Co.,Ltd. Japan Swisscom Switzerland AstraZeneca United Kingdom (UK) Diageo Plc United Kingdom (UK) Ingersoll-Rand Co. Ltd. Ireland Verbund AG Austria Capgemini UK United Kingdom (UK) PepsiCo,Inc. United States of America (USA) Wal-Mart Stores,Inc. United States of America (USA) Hewlett Packard Enterprise Company United States of America (USA) Kering France Landsec United Kingdom (UK) EDP - Energias de Portugal S.A. Portugal Husqvarna AB Sweden Kawasaki Kisen Kaisha,Ltd. Japan Nestlé Switzerland TETRA PAK Sweden Eneco Netherlands Kirin Holdings Co Ltd Japan Konica Minolta,Inc. Japan Elisa Corporation Finland Komatsu Ltd. Japan Koninklijke KPN NV Netherlands Colgate Palmolive Company United States of America (USA) Biogen Inc. United States of America (USA) Kesko Corporation Finland Nokia Oyj Finland Österreichische Post AG Austria Philip Morris International United States of America (USA) SAP SE Germany Sopra Steria Group France Unilever plc United Kingdom (UK) Marks & Spencer United Kingdom (UK) Tesco United Kingdom (UK) Carlsberg Group Denmark Ørsted Denmark Canadian National Railway Company Canada CEWE Stiftung & Co. KGaA Germany Ferrovial Spain HP Inc United States of America (USA) CenturyLink,Inc United States of America (USA) Nabtesco Corporation Japan Ricoh Co.,Ltd. Japan Symrise AG Germany Dentsu Inc. Japan Fujitsu Limited Japan Muntons United Kingdom (UK) TODA Corporation Japan Las Vegas Sands United States of America (USA) Adobe Systems Inc. United States of America (USA) BT plc United Kingdom (UK) Capgemini Group France CTT - Correios de Portugal SA Portugal EVRY ASA Norway Givaudan SA Switzerland Mars United States of America (USA) Atos SE France Gecina France Panasonic Corporation Japan Singapore Telecommunications Limited Singapore Auckland Airport New Zealand Danone France TELEFÓNICA Spain FUJIFILM Holdings Corporation Japan LIXIL Group Corporation Japan HK Electric Investments Hong Kong Delta Electronics Taiwan,Province of China HUBER+SUHNER Group Switzerland Stora Enso Finland Coca Cola European Partners United Kingdom (UK) SUEZ France Ericsson Group Sweden Origin Energy Australia MARUI GROUP CO.,LTD. Japan McDonald’s Corporation United States of America (USA) AB InBev Belgium Electrolux Sweden L'Oréal France Mahindra Sanyo Special Steel India Sekisui House,LTD Japan SGS SA Switzerland Tennant Company United States of America (USA) Forest City Realty Trust,Inc. United States of America (USA) Edge Environment Pty Ltd Australia Novo Nordisk A/S Denmark Procter & Gamble Company United States of America (USA) Stanley Black & Decker United States of America (USA) Hilton United States of America (USA) Caesars Entertainment United States of America (USA) IKEA Sweden SIG Combibloc Switzerland Unicharm Corporation Japan Suntory Holdings Limited Japan Nippon Yusen Kabushiki Kaisha Japan SEKISUI CHEMICAL CO.,LTD Japan Suntory Beverage & Food Limited Japan International Flavors & Fragrances Inc. United States of America (USA) ACCIONA Spain City Developments Limited Singapore Dai Nippon Printing Co.,Ltd. Japan Legrand France Bacardi Limited Bermuda Emira Property Fund Ltd South Africa Levi Strauss & Co. United States of America (USA) Brother Industries,Ltd. Japan Mastercard United States of America (USA) Ben & Jerry's United States of America (USA) Castellum AB Sweden Sumitomo Forestry Co.,Ltd Japan Daiwa House Industry Co.,Ltd. Japan Covivio France ASICS Corporation Japan ASKUL Corporation Japan Cisco Systems,Inc. United States of America (USA) Constantia Flexibles International GmbH Austria FIRMENICH SA Switzerland ICA Gruppen Sweden Morgan Sindall Group plc United Kingdom (UK) Nomura Research Institute,Ltd. Japan Hindustan Zinc Limited India Kilroy Realty Corporation United States of America (USA) Tyson Foods,Inc. United States of America (USA) News Corp United States of America (USA) Asahi Group Holdings Japan Red Electrica de España Spain CVS Health United States of America (USA) Diab International AB Sweden Wipro India Orkla ASA Norway Alma Media Finland Kingspan Group Plc Ireland SUMITOMO CHEMICAL Co.,Ltd. Japan Skunkfunk Spain Enviro-Mark Solutions New Zealand Pukka Herbs United Kingdom (UK) Seiko Epson Corporation Japan Seventh Generation,Inc. United States of America (USA) NEC Corporation Japan Astellas Pharma Inc. Japan Prologis United States of America (USA) bpost SA Belgium Royal Philips Netherlands Essity AB Sweden Signify Netherlands Accenture Ireland Investa Australia YKK AP Inc. Japan New Zealand Post New Zealand Magyar Telekom Plc. Hungary Aeon Co.,Ltd. Japan Kingfisher United Kingdom (UK) Taisei Corporation Japan Tech Mahindra India Daito Trust Construction Co.,Ltd. Japan Outotec Oyj Finland Iron Mountain United States of America (USA) SKYCITY Entertainment Group Limited New Zealand Multiplex Construction Europe United Kingdom (UK) Japan Tobacco Inc. Japan TOPPAN PRINTING CO.,LTD. Japan Groupe SEB France H&M Hennes & Mauritz AB Sweden Iberdrola SA Spain Outokumpu Oyj Finland Symantec Corporation United States of America (USA) Bennetts Associates United Kingdom (UK) Target Corporation United States of America (USA) Derwent London Plc United Kingdom (UK) Swedish Match Sweden VIÑA CONCHA Y TORO Chile ERM United Kingdom (UK) Green Element Limited United Kingdom (UK) Grant Thornton UK LLP United Kingdom (UK) Austria Glas Recycling GmbH Austria Daxner & Merl GmbH Austria Royal DSM Netherlands Millennium & Copthorne Hotels plc. United Kingdom (UK) Royal BAM Group Netherlands Schreiber Foods United States of America (USA) T-Mobile US,Inc. United States of America (USA) Contact Energy New Zealand thinkstep Australasia New Zealand British American Tobacco United Kingdom (UK) Adva Optical Networking SE Germany Intuit United States of America (USA) LITE-ON technology corp. Taiwan,Province of China Hitachi Construction Machinery Co. LTD Japan Panalpina Welttransport Holding AG Switzerland Lidl Belgium GmbH. & Co. KG Belgium PostNL Netherlands Alaya Consulting Ltd. Hong Kong Eisai Co.,Ltd. Japan Vasakronan AB Sweden FRASERS PROPERTY AUSTRALIA Australia MITSUBISHI ESTATE CO.,LTD. Japan GROUPE RENAULT France Heidelberg Cement Germany The HAVI Group,LP United States of America (USA) Carbon Credentials United Kingdom (UK) Greif Holding GmbH & Co. KG Germany Azbil Corporation Japan KYOCERA Corporation Japan Deutsche Telekom AG Germany Sibanye-Stillwater South Africa The Co-operative Group Ltd. United Kingdom (UK) Burberry Limited United Kingdom (UK) PUMA SE Germany Borregaard AS Norway KAO Corporation Japan Novartis Switzerland Taiwan Mobile Co.,Ltd Taiwan,Province of China Best Buy Co.,Inc. United States of America (USA) Dexus Australia Informa plc United Kingdom (UK) AvalonBay Communities,Inc. United States of America (USA) SOK Corporation Finland The Martin-Brower Company,L.C.C. United States of America (USA) USHIO INC. Japan Accenture PLC Ireland

Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 0
Other members 0
Supporting partners 5 CDP (United Kingdom),  UN Global Compact (USA),  World resources Institute (USA),  WWF (USA).
Number of members in the years
2015
9
2016
30
2017
88
2018
163
2019
237
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No Yes No No No No No No No No No No No No No No No No No No
Last update: 29 July 2019 15:51:33

Not only have national states as participators