Growing financial sector science-based targets

14th Feb 2022

Nate Aden, the SBTi's financial sector lead, explains how we're supporting the sector to set science-based targets, and what is coming in 2022.

The financial sector plays an essential role in the transition to a low-carbon economy. That's why the SBTi began developing new methods and criteria to help financial institutions to set science-based targets on their investment and lending portfolios in 2018.

Nate Aden explains what the SBTi is doing to enable at least 150 financial institutions to have their science-based targets approved in 2022.

Find out more about our financial sector work

Join the world’s biggest companies by cutting your GHG emissions

Commit Submit a letter establishing your intent to set a science-based target

Develop Work on an emissions reduction target in line with the SBTi’s criteria

Submit Present your target to the SBTi for official validation

Communicate Announce your target and inform your stakeholders

Disclose Report company-wide emissions and progress against targets on an annual basis

Case Studies

Case Studies Case Study - Colgate-Palmolive Colgate-Palmolive's products are sold in more than 200 countries and territories throughout the world. With climate change threatening to disrupt every aspect of our lives–creating negative environmental impacts, food supply stress and socioeconomic instability–Colgate is reinventing how it operates, which is why it has adopted science-based targets. View

Latest News

12 May 2022 Companies committed to cut emissions in line with climate science now represent $38 trillion of global economy

12 April 2022 Science Based Targets initiative launches net-zero finance standard development process with Foundations paper

23 February 2022 The SBTi appoints first CEO to spearhead exponential growth in corporate climate action

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