Companies taking action

We update the dashboard every Thursday. The exact time of publication varies, updates are usually published before 12PM GMT and no later than 5.30PM GMT.

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All scope 1 and 2 targets are classified under one of three categories: 2°C, well-below 2°C and 1.5°C. The SBTi's assessment of a company's target does not include a classification of scope 3 targets. As of July 15th 2022 ,the SBTi will only accept target submissions of scope 1 and 2 targets that are in line with a 1.5°C trajectory.

Near-term targets outline how organizations will reduce their emissions over the next 5-10 years. These targets galvanize the action required for significant emissions reductions to be achieved by 2030. These reductions are critical to not exceed the global emissions budget. Near-term targets are also a prerequisite for companies wishing to set net-zero targets.

Long-term targets indicate the degree of emission reductions organizations need to reach in order to achieve net-zero according to the SBTi’s Corporate Net-Zero Standard criteria. Most organizations will need to reduce emissions at least 90% to reach net-zero. These targets must be achieved no later than 2050 (or 2040 for the power sector). Long-term targets can only be set by companies that have committed to net-zero under the SBTi’s Net-Zero Standard.

Net-zero targets encompass both near and long-term targets. Companies wishing to set net-zero targets under the Corporate Net-Zero Standard have both near- and long-term targets validated by the SBTi.

The SBTi launched the Corporate Net-Zero Standard in October 2021. Before this, there was no globally recognized, science-based pathway for companies wishing to achieve net-zero. As part of the development process, seven companies had net-zero targets validated via a pilot of the Standard – these are the only companies currently listed in the dashboard. The SBTi will begin publishing additional companies with validated net-zero targets in March 2022.

Currently, financial institutions are unable to set net-zero targets. The SBTi is developing a Net-Zero Standard for Financial Institutions to enable them to do this.

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Due to the developing status of our guidance for the oil and gas sector, the SBTi has updated its fossil fuel policy and has paused fossil fuel company target validation and commitments until further notice.

Currently, commitments are not accepted from fossil fuel companies or subsidiaries specified in categories 1.1 and 1.2 here. This policy is came into effect on March 7th 2022 and removal of previous commitments will be completed as soon as possible.

Companies that are being removed as a result of this policy are listed here. The SBTi reserves the right to remove other companies that, after careful evaluation, are considered to fall within category 1. These companies may be reinstated following further development of the fossil fuel sector project. The SBTi will share further updates on the development of this guidance later in 2022.

SBTi publicly discloses temperature alignment based on the ambition of a company’s scope 1 and 2 targets. Scope 3 targets are also evaluated during the target validation process. We thoroughly review scope 3 ambition to ensure it meets the temperature alignment or supplier engagement specifications outlined in the SBTi criteria. We are carrying out a comprehensive review of our scope 3 target setting methods and criteria to ensure they are fully aligned with the Net-Zero Standard. This work will be finalized by the end of 2022.