330+ target-setting firms reduce emissions by a quarter in five years since Paris Agreement

Published on Tuesday, 26 January 2021

Figure1: SBTi companies’ scope 1 and 2 emissions have fallen while global emissions from energy and industrial processes have risen.


Notes to editor

To view the full report please see: sciencebasedtargets.org/sbti-progress-report-2020 (Live after embargo lifts)

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About the Science Based Targets initiative

The Science Based Targets initiative mobilizes companies to set science-based targets and boost their competitive advantage in the transition to the low-carbon economy. It is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The initiative defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.

www.sciencebasedtargets.org @sciencetargets

[1] ‘Typical SBTi company’ refers to the median percentage among companies in the SBTi at a time.

[2] The 2020 reporting period here refers to November 2019 - October 2020.

[3] 338 companies out of 478 total SBTi companies with targets (SMEs using the streamlined route were excluded) are included in this analysis. Companies that were missing any emissions data between 2015-2019 were excluded. Emissions data was derived from public and private disclosures through CDP, as well as public sources such as sustainability reports. In all cases, emissions data was reported by companies. The reported emissions reductions may be due to any number of factors including concerted emissions reduction efforts, changes in activity levels or types, and changes in business structure.

[4] ‘Typical SBTi company’ refers to the median percentage among companies in the SBTi at a time.

[5] Note that this refers to the reporting period of Nov-2019 to October 2020 and doesn’t include companies that joined SBTi between October 2020-December 2020.