Science-Based Target Initiative Readiness Assessment

Discover SBTi

The Science Based Targets Initiative (SBTi) drives ambitious climate action by enabling organizations to set science-based emissions reduction targets. Science-based targets show companies and financial institutions how much and how quickly they need to reduce their greenhouse gas (GHG) emissions to help mitigate the worst effects of climate change.

The SBTi is a partnership between the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wildlife Fund (WWF) that defines and promotes best practices in emissions reductions and net-zero targets.

Why the push for science-based targets?

While profits are important, moving towards a more sustainable future is equally so. Across the globe, companies and financial institutions can better align with climate science, reduce emissions, mitigate risks and drive innovation by following an actionable path that embraces these science-based targets.

If your organization wants to set science-based targets but lacks the know-how and experience in terms of how to approach the process, or if you need to verify that you have enough data and knowledge before committing, a UL Solutions domain ESG expert on SBTi can help navigate the pre-commitment steps.

The UL Solutions approach to SBTi

Our advisory services offer a comprehensive Science Based Target Readiness assessment that measures customer-specific carbon reporting practices and a SBTi readiness score (with a red, orange and green traffic light) that identifies areas for improvement and defines the level of readiness for setting a science-based target. This includes analyzing:

Organization and people through interviews within your organization and checking their carbon knowledge, engagement practices and data management processes.

Policies and peers through research that specifically applies to the organization, plus reviews of carbon targets and progress.

Data review of available carbon data and documentation of current methodology for carbon data collection.

A UL Solutions SBTi assessment offers a comprehensive final scorecard report that recaps how your organization compared with your peers and includes detailed target guidance, a readiness score with key actions to be taken, training best practices, next steps for decision-making and recommendations for improvement.