Target validation service offerings
Near-term science-based target submission: $9,500
The near-term science-based target submission service is a robust technical review conducted by our team of experts. This service also includes a second submission at no additional cost for validations that are not accepted and are re-submitted within six months.
Target update service: $4,750
The target update service allows companies to align their existing targets with our minimum ambition level of 1.5°C or to update or edit previously approved targets in other ways. The target update service is available for all near-term and long-term targets, excluding FLAG. Targets previously validated through the SME route are also excluded, as these validations require the level of in-depth review used during new Near-Term and Net-Zero Target submissions. Results are delivered within 30 business days of the services start date. This service does not include a complimentary re-submission for validations that are not accepted.
Net-zero target submission: $9,500
After setting a near-term science-based target, step 2 in the Net-Zero Standard Overview is to set a long-term science-based target to reduce emissions by at least 90% by no later than 2050. The launch of our new net-zero target submission service is a robust technical review of your company’s long-term science-based target and is equal to that of the near-term target submission service, conducted by our team of experts and composed of several steps.
Near-term science-based target update + Net-zero target submission – Package Rate: $12,750
Companies with previously-approved near-term targets who wish to align with the Net-Zero Standard can resubmit their near-term science-based targets and a net-zero target for validation at the same time for a discounted rate. The combined service is designed to encourage companies to increase the ambition level of their near-term science-based targets to align with the Net-Zero Standard and the current SBTi Criteria and set net-zero targets at the same time. It offers a streamlined version of our services with results delivered within 60 business days of contract signature.
Near-term science-based target submission + Net-zero target submission – Package Rate: $14,500
Companies who wish to align with the Net-Zero Standard and are submitting new near-term and net-zero targets to the SBTi for the first time have the option to submit together at a discounted rate. Both submissions undergo a separate, robust technical review conducted by our team of experts as detailed above and results are delivered within 60 business days of contract signature.
FLAG near-term target submission: $7,500
In addition to standard near-term targets, companies may be required or choose to set a FLAG target (Forests, Land, and Agriculture). Please note that FLAG targets can ONLY be submitted as an add-on to another service, such as a Near term submission or Target update service.
Financial institution target submission: $14,500
This service is specifically adopted for robust review of targets submitted by financial institutions (FIs). FIs differ from other economic sectors by providing finance and other services to the companies that are responsible for reducing GHG emissions, rather than exercising direct control over GHG emission reductions. For more information on how to set FI targets, please refer to the SBTi Financial Institutions webpage.
Small-and medium-sized enterprises (SMEs) - Near-term target or target update submission: $1,250
A streamlined validation route available for small and medium-sized enterprises (SMEs). This service does not include a complimentary re-submission for validations that are not accepted.
Small-and medium-sized enterprises (SMEs) - Net-zero target submission: $1,250
This service is for SMEs with approved near-term targets. Net-zero targets may be submitted at the same time as Near-term targets for a total price of $2,500. This service does not include a complimentary re-submission for validations that are not accepted.
Fee exemption - All services excluding Financial Institutions: $0
The cost of the target validation service can be waived for companies with yearly revenue under $1 billion USD, or SMEs with yearly revenue under $10 million USD, who need it and who are headquartered in developing countries and economies in transition, as defined by the United Nations Secretariat’s Department of Economic and Social Affairs. Companies must request an exemption in the target submission form to be considered and submit the latest financial statement that shows their revenue. We encourage companies to pay the normal service fee if financially viable, to ensure the exemption can be reserved for companies that would benefit most from the waiver. Financial institutions are not eligible for a fee waiver.