‘Critical mass’ for science-based targets

26th May 2022


The number of companies with emission reduction targets or commitments approved by the Science Based Targets initiative (SBTi) doubled to a record 2,253 last year, representing more than a third of global market capitalisation (US$38trn).

The SBTi – which helps businesses set targets in line with climate science to achieve net-zero emissions by 2050 – said the world had reached the 20% “critical mass” of science-based targets adoption required among high-impact companies. Its progress report shows that an average of 110 new firms set or committed to targets every month in 2021, compared to 31 in 2020, and almost 500 have done so this year.

The SBTi is calling on businesses to adopt its Net-Zero Standard, which includes guidance, criteria and recommendations for setting science-based targets consistent with limiting a global temperature rise to 1.5°C.
Image credit | iStock

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