This is a formal, validated approach. As part of the process, your target will be approved by the SBTi.

First, you need to submit a letter outlining your intent to set a Science Based Target. Then, work on that target and present it for official validation. Announce it and inform your stakeholders. Lastly, report your business-wide emissions and track your progress every year.

When you’re measuring your carbon emissions, start with a credible baseline. As 2020 was a very different world, it might be better to use 2019. In addition to direct and indirect emissions (Scopes 1 and 2) your footprint should cover Scope 3 (your value chain emissions) – if they exceed a threshold proportion of your total footprint.

Everyone faces different climate challenges. While setting a target is the start of the journey, science-based targets may not be the right way forward for every business. The validation process takes time, and some companies might want to be even more ambitious by doing more than their ‘fair share’ in decarbonising – for example by reaching Net Zero on Scope 1, 2 and 3 well in advance of 2050.

Climate change and nature loss are closely linked, so for businesses, developing nature-based solutions can be an ally in reaching net zero targets. A Science Based Targets Network of 45 non-profits and mission-driven organisations is working to develop targets for water, land, ocean and biodiversity.