We encourage financial institutions and companies from all sectors and of all sizes to develop science-based targets. We acknowledge differences between business areas, which is why we offer sector-specific guidance.
The SBTi is especially keen to welcome companies in the highest-emitting sectors, who play a crucial role in ensuring the transition to a zero-carbon economy.
The current exceptions are fossil fuel companies and automakers:
Commitments and validations for fossil fuel companies have been paused while sector guidance is developed.
Near- and long-term target validations and target updates for automakers are paused until 1.5°C scope 3 targets for use-phase emissions from new road vehicles are developed and approved. Automakers are still able to commit to set targets.
Small and Medium Enterprises (SMEs) can validate their near-term and net-zero targets and become part of the initiative by submitting to the streamlined target validation system for SMEs.
The SBTi reserves the right to perform due diligence before and after accepting new commitments and while reviewing submitted targets.
The SBTi does not currently assess targets for cities, local governments, public sector institutions, educational institutions or non-profit organizations. However, we encourage these stakeholders to consider science-based target setting methods on their own. Cities can register their interest in setting targets through the Science Based Targets Network (SBTN).