Companies taking action
The SBTi’s target dashboard shows companies and financial institutions that have set science-based targets, or have committed to developing targets. You can view their targets and commitments below, or explore our updated Beta version of the dashboard.
Updated every Thursday, the dashboard includes high-level information about each organization’s targets or commitments. A more detailed .xlsx data file is also available to download.
On May 5th 2023, we launched an updated version of the target dashboard as a Beta for testing. You can explore and share your feedback on the new dashboard here.
DISCLAIMER: A validated science-based target represents an entity-specific greenhouse gas (GHG) emissions reduction target that has been validated against SBTi’s public standards and assessment metrics. The SBTi does not offer any assurance that a given entity will achieve, or is on track to achieve, its validated science-based target, nor does the validation of a target implicitly endorse or recognize the means chosen by an entity to achieve said target. A validated science-based target covers only GHG reduction targets and should not be used to claim an entity is making other climate or sustainability related impacts beyond the future GHG reduction target.
Understanding the dashboard
The total number of companies number shown in the summary of the key is a counter of entries in the dashboard, which includes companies whose commitments have been removed.
Targets are clearly-defined, science-based pathways for companies and financial institutions to reduce greenhouse gas (GHG) emissions, which have been reviewed and validated by the SBTi. Details of an organization’s target can be viewed by expanding the rows below, or downloading the data file. Organizations with targets are identified with temperature alignments and dates in the dashboard’s ‘Target’ columns.
Commitments demonstrate an organization’s intention to develop targets and submit these for validation within 24 months. They are indicated by the word ‘committed’ in the dashboard. These organizations do not yet have validated science-based targets. From March 2nd 2023, organizations that fail to submit targets within 24 months of their commitment have been identified in the dashboard as ‘Commitment removed’.
Near-term targets outline how organizations will reduce their emissions, usually over the next 5-10 years. These targets galvanize the action required for significant emissions reductions to be achieved by 2030. Near-term targets are also a requirement for companies wishing to set net-zero targets.
Long-term targets indicate the degree of emission reductions organizations need to achieve net-zero according to the SBTi’s Corporate Net-Zero Standard criteria. These targets must be achieved no later than 2050 (or 2040 for the power sector). Long-term targets are developed by companies wishing to set net-zero targets under the Corporate Net-Zero Standard.
Temperature alignment indicates the degree of global temperature increase compared to preindustrial levels companies are aligned with, based on their scope 1 and 2 targets, in line with the goals of the Paris Agreement. Temperature alignment is identified in the dashboard with one of the following values: 1.5°C, well-below 2°C, and 2°C.
Please note: Temperature alignment is only provided for most companies' scope 1 and 2 targets. The exception is auto manufacturers, which also have scope 3 category 11 temperature alignment. You can find out more here.
You can find answers to common questions about the dashboard and data in our FAQs below.
Our commitment compliance policy
On January 31 2023, the commitment compliance policy came into effect. It specifies that companies that do not submit targets within 24 months of their commitment will be identified in the dashboard as ‘Commitment removed’. Companies that were unable to fulfil their commitment before this policy came into force were given the option to have their commitments removed from the dashboard without being identified. You can download a snapshot of the data before these commitments were removed here.
Improving the dashboard
We’re working to improve the dashboard and data download. To find out more about our plans and timelines, read our blog and sign up to our newsletter.
You can report an error or gap in our data using this form.
Our Companies Taking Action table no longer supports ie11.
Download
the XLS data
here
Frequently asked questions
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.
We are exploring solutions to of provide more complete ISIN data. To stay updated on our work to improve the data set, sign up to our newsletter.
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 enable temperature classification of scope 3 targets.
We believe the private sector has a vital role to play in the transition to a zero-carbon economy. That's why we updated our target with the SBTi and have aligned our ambition – across our whole value chain – with a 1.5C world. Kristina Kloberdanz Chief Sustainability Officer, Mastercard
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