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.