Background

On account of its emissions intensiveness and high global demand growth, the chemicals sector plays a central role in achieving the climate goals of the Paris Agreement.

Leading global chemical companies have begun to set science-based targets that meet broad Science Based Targets initiative (SBTi) criteria. To catalyze broader action in the chemicals sector, the SBTi is launching a scoping project to develop sector-specific methods and guidance for chemical companies to set science-based targets. The avoided GHG emissions generated from the use of chemicals are outside the scope of SBTi.

World Resources Institute (WRI) is the managing SBTi partner for this project. Financial support is being provided by 3M.

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Timeline

Four phases comprise the scoping project: a kick-off webinar in early 2020, gathering of findings through a stakeholder engagement process, two in-person workshops, and a final summary report.

Development Process

Here are highlights from the development process so far:

  • February 2020: Joined by speakers from DSM, IEA and Navigant, the scoping project was launched with an online webinar. Watch the webinar recording and view slides.
  • June 2020: Distributed a survey to gather input from stakeholders on key issues and challenges faced by chemical companies when setting science-based targets. The survey results will be a central input into the SBTi’s final project document summarizing barriers for adoption as identified by chemical companies. The deadline to complete the survey is Friday, July 17.

We would like to recognize the following individuals for their contributions in the SBTi Chemicals Expert Advisory Group: Andreas Horn (BASF), Peter Levi (International Energy Agency), Ananda Sekar (SABIC), Brian Rakvica (Syngenta), Liam McCarroll (Univar Solutions)

Resources

Contact

Nate Aden, Senior Fellow, WRI, [email protected]

Kylee Chang, Research Associate, WRI, [email protected]