Difference between revisions of "Science Based Targets initiative"

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Hewlett Packard Enterprise Company United States of America (USA),
 
Hewlett Packard Enterprise Company United States of America (USA),
 
Kering (France),
 
Kering (France),
Landsec United Kingdom (UK).
+
Landsec United Kingdom (UK),
 
EDP - Energias de Portugal S.A. (Portugal),
 
EDP - Energias de Portugal S.A. (Portugal),
 
Husqvarna AB (Sweden),
 
Husqvarna AB (Sweden),
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FUJIFILM Holdings Corporation ((Japan),
 
FUJIFILM Holdings Corporation ((Japan),
 
LIXIL Group Corporation (Japan),
 
LIXIL Group Corporation (Japan),
HK Electric Investments (Hong Kong),
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HK Electric Investments in Hong Kong (China),
 
Delta Electronics Taiwan Province of (China),
 
Delta Electronics Taiwan Province of (China),
 
HUBER+SUHNER Group (Switzerland),
 
HUBER+SUHNER Group (Switzerland),
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Forest City Realty Trust Inc. United States of America (USA),
 
Forest City Realty Trust Inc. United States of America (USA),
 
Edge Environment Pty Ltd (Australia),
 
Edge Environment Pty Ltd (Australia),
Novo Nordisk A/S (Denmark)
+
Novo Nordisk A/S (Denmark),
 
Procter & Gamble Company United States of America (USA),
 
Procter & Gamble Company United States of America (USA),
 
Stanley Black & Decker United States of America (USA),
 
Stanley Black & Decker United States of America (USA),
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Adva Optical Networking SE (Germany),
 
Adva Optical Networking SE (Germany),
 
Intuit United States of America (USA),
 
Intuit United States of America (USA),
LITE-ON technology corp. Taiwan Province of (China)
+
LITE-ON technology corp. Taiwan Province of (China),
Hitachi Construction Machinery Co. LTD Japan
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Hitachi Construction Machinery Co. LTD (Japan),
 
Panalpina Welttransport Holding AG (Switzerland),
 
Panalpina Welttransport Holding AG (Switzerland),
 
Lidl Belgium GmbH. & Co. KG (Belgium),
 
Lidl Belgium GmbH. & Co. KG (Belgium),
PostNL (Netherlands)
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PostNL (Netherlands),
Alaya Consulting Ltd. (Hong Kong),
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Alaya Consulting Ltd. in Hong Kong (China),
 
Eisai Co., Ltd. (Japan),
 
Eisai Co., Ltd. (Japan),
 
Vasakronan AB (Sweden),
 
Vasakronan AB (Sweden),
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KAO Corporation (Japan),
 
KAO Corporation (Japan),
 
Novartis (Switzerland),
 
Novartis (Switzerland),
Taiwan Mobile Co. Ltd Taiwan Province of (China)
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Taiwan Mobile Co. Ltd Taiwan Province of (China),
 
Best Buy Co. Inc. United States of America (USA),
 
Best Buy Co. Inc. United States of America (USA),
 
Dexus (Australia),
 
Dexus (Australia),

Revision as of 13:53, 11 October 2019

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 238  
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 in Hong Kong (China),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. in Hong Kong (China),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 1 33

ACTIAM (Netherlands),  Allianz Investment Management (Germany),  Australian Ethical Investment (Australia),  AXA Group (France),  BanColombia (Colombia),  Bank Australia (Australia),  Bank J. Safra Sarasin (Switzerland),  BBVA (Spain),  BNP Paribas (France),  Capitas Finance (United Kingdom),  Commercial International Bank Egypt (Egypt),  Credit Agricole (France),  DGB Financial Group (Republic of Korea),  Grant Thornton UK (United Kingdom),  Grupo Financiero Banorte SAB de CV (Mexico),  HSBC Holdings (United Kingdom),  ING Group (Netherlands),  KLP (Norway),  La Banque Postale Asset Management (France),  London Stock Exchange (United Kingdom),  Mahindra & Mahindra Financial Services (India),  MetLife (USA),  MS&AD Insurance Group Holdings (Japan),  Principal Financial Group (USA),  Raiffeisen Bank International (Austria),  Societe Generale (France),  Sompo Holdings (Japan),  Standard Chartered (United Kingdom),  T.GARANTİ BANKASI A.Ş. (Turkey),  T.SINAİ KALKINMA BANKASI A.Ş. (Turkey),  Teachers Mutual Bank (Australia),  Tokio Marine Holdings (Japan),  Westpac Banking Corporation (Australia).

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: 11 October 2019 14:26:43

Not only have national states as participators