Join the companies taking action
We need a race to the top, led by pioneering companies. This will empower peers, suppliers and customers to follow suit and drive governments to take bolder action.
The change has already begun and action is gaining pace. More than 2,000 companies worldwide are leading the zero-carbon transition by setting emissions reduction targets through the Science Based Targets initiative (SBTi).
Today’s business climate leaders are located across the globe and working in a range of sectors– meet them below, and join them.
Committed companies have 24 months to have their targets approved and published by the SBTi, or they will be removed from the SBTi website, unless specific circumstances apply. All committed companies before April 15th, 2020, have been offered extensions as per the protocol to manage expired commitments.
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 October 15th 2019, the SBTi will only accept target submissions of scope 1 and 2 targets that are in line with either well-below 2°C or 1.5°C trajectory.
Science-based targets are currently validated against SBTi Criteria V4.1. Prior to July 8th, 2020, targets were validated against SBTi Criteria V4.1 or Criteria V.4. Prior to October 15th, 2019, targets were validated against Criteria V.3. Prior to May 22nd, 2018, targets were validated against Criteria V.2. Prior to April 16th, 2017, targets were validated against Criteria V.1.
Small and medium-sized enterprises (SMEs), defined as a non-subsidiary, independent company which employs fewer than 500 employees, have a simplified target validation route. Learn more.
The SBTi conducts periodic reviews of its target validation criteria, updating it to incorporate the most up-to-date climate science.
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