The Science Based Targets Initiative is a collaborative effort by leading environmental organisations that provides a framework for companies to set emissions reduction targets grounded in science.
KEY OUTCOMES:
Entire application process is handled by Lumina
Demonstrate leadership and your commitments to sustainability
Future-proof your business for a low-carbon future and mitigate climate-related risks.
Track and benchmark progress against peers.
Improves investor and customer confidence
Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.
Target Setting: We’ll work with you to define science-based emissions reduction targets for your company, tailored to your industry and operations.
Data Collection & Analysis: We’ll assist you in gathering and analysing relevant data to build a strong foundation for your target submission.
SBTi Submission & Approval: We’ll guide you through the SBTi submission process and ensure your targets meet the initiative’s rigorous criteria.
Implementation & Reporting: We’ll develop strategies to implement your targets and track your progress towards achieving them. Additionally, we’ll help you prepare reports for ongoing monitoring and communication.