The chemicals sector plays a central role in achieving the climate goals of the Paris Agreement on account of its emissions intensiveness and high global demand growth. Leading global chemical companies have begun to set science-based targets that meet broader Science Based Targets initiative (SBTi) criteria.
To catalyze broader action in the chemicals sector, the SBTi is launching a scoping project for developing sector-specific methods and guidance. World Resources Institute (WRI) is the managing SBTi partner for this project. Financial support is being graciously provided by 3M.
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.