- Scopes 1 & 2 inventory
Scope 3 screening and/or inventory
Data collection & management
Benchmark industry peers and competitors
SBT feasibility assessment
SBTi validation form submission
Identify and evaluate emissions reduction initiatives
GHG reduction roadmaps & strategy
Science-Based Targets (SBT) Consulting
With decades of experience in greenhouse gas (GHG) accounting and target-setting, SCS’ experts guide companies through the complex Science-Based Target (SBT) setting process.
For many years, setting GHG emissions reduction targets to an appropriate level of ambition was a mystery. In 2015, the Science-Based Targets Initiative (SBTi) streamlined this process to ensure emissions reduction goals are based in science, encouraging companies to set GHG targets in alignment with a 1.5°C or well below 2°C scenario.
Fast-forwarding to today, SBTs have become more crucial than ever—and companies are stepping up to the challenge in a big way. From only a dozen companies committing to SBTs in 2015, now over 1,000 have joined the initiative. This trend is not slowing down.
With science at our core, SCS’ experts utilize our extensive GHG expertise and industry knowledge to help companies navigate the complex and daunting process of committing, evaluating, setting, and pursuing Science-Based Targets — for GHG scopes 1, 2 and 3 – from securing internal support, to submitting for SBTi validation and establishing GHG emissions reduction strategies.
Why Choose SCS Consulting?
As a leading sustainable business consulting firm, SCS’ consultants have more than three decades of experience in GHG accounting and emissions reduction strategy and implementation, all built on the foundation of scientific rigor, credibility, and transparency.
From Fortune 500 companies to boutique enterprises, SCS Consulting has led companies through the process of establishing, setting and achieving ambitious climate goals on a schedule and timeline that works well for them. Our team serves as a strategic partner throughout your SBT process – whether that’s providing initial support or leading the evaluation of SBT options and submission of the Science-Based Targets Initiative (SBTi) validation form.
- Our Services
- Our Process
- Gather background information on existing GHG inventories and reduction efforts
Interview key internal stakeholders, where relevant, to understand success & barriers
Establish baselines for scope 1,2 and/or 3 GHG emissions, if they don’t already exist
Evaluate which SBT options are feasible within your context and compared to your peers
Evaluate reduction initiatives and provide specific recommendations
Create a strategy roadmap for implementation
Develop programs, trainings and policies aligned with strategy
Assess and share SBT progress through internal and external ESG reporting
- Increased operational efficiency, which can lead to financial savings
Improved reputation and branding
Preparation for future / potential climate regulations
Market advantage over competitors
Fosters innovation and collaboration across business lines / geographies
Shows investors you are committed to sustainability
Mitigating climate-related risks
What are Science-Based Targets (SBTs)?
Science-Based Targets (SBTs) are GHG emissions reduction targets in alignment with the Paris Agreement (e.g., limiting global warming to 1.5°C or well below 2°C scenario relative to pre-industrial levels). SBTs are set by individual companies to guide GHG reduction efforts over a 5-15 year timeframe. GHG scopes 1 and 2 are included for all companies, and most companies will also be required to include scope 3 in the SBT target boundary.
Why should my company set Science-Based Targets (SBTs)?
Science-Based Targets (SBTs) help ensure GHG targets are both ambitious and standardized. Setting SBTs will better position your company as a sustainability leader in the transition towards a net-zero economy and provide helpful guidance on how to set targets within an appropriate timeframe. Increasingly, SBTs are becoming an expectation for investors, customers, employees, and other stakeholders, and are incorporated into more ESG reporting and ratings frameworks.
Who is the Science-Based Targets Initiative (SBTi) and what is their role?
The SBTi is a partnership between CDP (formally, the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) formed to drive climate action in the private sector. SBTi manages the guidance documents and methodologies for setting SBTs and are responsible for reviewing and validating company’s SBTs.
Are Science-Based Targets (SBTs) the same thing as Carbon Neutral?
Carbon Neutrality refers to the achievement of net-zero carbon emissions, whereas SBTs commit to emissions reductions in line with the latest climate science. Although SBTs are often considered as a stepping point to Carbon Neutrality, the processes, and pathways to attain validation or verification are often different. For example, some Carbon Neutral certifications allow for carbon off-setting, whereas SBTi does not.
Will I have to include Scope 3 in my Science-Based Target (SBT)? If so, how do I do that?
For most sectors, scope 3 emissions are much larger than scopes 1 and 2 combined. If your scope 3 emissions exceed 40% of a your overall emissions, the SBTi requires its inclusion to the target boundary for your SBTs. Over 90% of companies with SBTs include scope 3 emissions in their target boundary. There are several approaches and considerations to setting scope 3 targets, and the best approach can vary by company or industry. Regardless, the first step is to understand your scope 3 emissions profile through a scope 3 screening and inventorying scope 3 categories that are most material to your company (e.g., for example, the investments category would be material for a financial institution). Over 2/3rds of your scope 3 emissions must be included in the scope of your SBT target boundary.
What is the process for setting Science-Based Targets (SBTs)?
The process defined by SBTi for setting Science-Based Targets consists of five steps:
Submission of a commitment letter to set a SBT or to have existing targets verified
Development of a target in line with the latest climate science
Submission of target for validation
Announcement of target to your stakeholders
Reporting on progress towards your target over time
SCS works with companies throughout this process, in addition to conducting GHG inventories prior to the SBT commitment, and particularly in establishing an emissions reduction strategy in the process of setting SBTs.
Is there sector-specific guidance for setting Science-Based Targets (SBTs)?
Yes, the SBTi is in the process of outlining sector-specific guidance for a range of industries. See their progress here to determine if the guidance for your sector is complete.
How will setting Science-Based Targets (SBTs) impact my CDP score?
Companies are often first exposed to SBTs when undergoing their annual CDP (formerly Carbon Disclosure Project) reporting. In addition to the various benefits of setting SBTs mentioned previously, committing to, and setting SBTs is a way to enhance your CDP submissions and gain additional leadership points if reported correctly. See here for SCS’ CDP consulting services.
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