Why is it important to set science-based targets?
The Intergovernmental Panel on Climate Change (IPCC) has concluded that we have until 2030 to limit global warming to 1.5C by mid-
century to avert catastrophic climate change and a global threat to all living creatures.
What are the benefits?
- Future proof your business – address your transitional climate risk to ensure survival in a decarbonised future.
- Cost-effective – By setting SBTs, your organisation becomes more efficient in its operations and supply chains.
- Opportunity to innovate – scope to innovate your product or service offering, or your entire business model.
- Positive for reputation – stakeholders and customers place value on companies with ambitious environmental goals and increasingly require suppliers to have SBTs in place.
- Improve credibility – your commitment can improve your stance in the market as an increasing number of organisations are divesting from those involved in fossil fuel production or consumption.
- Regulation and resilience – as national governments continue to work to implement the Paris agreement and increase the ambition of country-level pledges, more stringent organisational regulations are likely to follow.
