In Sweep, you can set Science-Based Targets.

Science-Based Targets are emission reduction targets aligned with the latest climate science. This is what the science says we need to do to limit global warming to well below 2°C above pre-industrial levels, and aim for 1.5°C - as pledged in the Paris Agreement.

The Science-Based Targets initiative (SBTi) is a global organization that validates companies’ reduction roadmaps according to a set criteria for achieving 1.5°C and 2°C targets.

Requirements

Science-Based Targets now have to be in line with limiting global warming to 1.5°C.

Targets exclude offsets/contributions and avoided emissions (i.e. reducing others’ emissions).

Scope 1 & 2 targets need to cover 95% of scope 1 & 2 emissions.

Scope 3 targets must cover at least 66% of scope 3 emissions, and can exclude some categories (e.g. indirect use-phase emissions).

There are 2 methods for calculating Scope 2 emissions:

  • Location-based: Average emission intensity of the electricity grid in the location where the energy is consumed

  • Market-based: Emission intensity of electricity bought, e.g. through green power purchase agreements

Read our guide on location and market based reporting

For all targets, you need to:

  1. Set a base year/period

This should be the most recent year that you have verifiable scope 1, 2, and 3 data on, and represent your typical activity (i.e. not an unusual year). It could also be an average of multiple years.

  1. Set a target year

This needs to be between 5 and 10 years after the year the commitment was made for short term commitments.

Note: You can also set long term, net zero SBTs with the target year 2040 or 2050, and milestones at 5 year intervals.

There are 2 main types of targets you can set: absolute contraction and sectoral decarbonization.

Absolute contraction

Under this approach, all companies reduce absolute emissions at the same rate, regardless of their initial emissions.

An absolute emissions reduction target is defined in terms of an overall reduction in the amount of greenhouse gasses (GHGs) emitted in the target year, relative to the base year (e.g. reduce GHG emissions 35% by 2025, from 2018 levels).

The minimum reduction required for targets in line with the 1.5°C target is 4.2% each year.

Sectoral decarbonisation

Under this approach, each sector or industry has a carbon budget and reduction roadmap. The sector’s carbon budget is divided between companies according to their proportion of the sector.

Companies must set physical intensity targets to reduce the emissions intensity of their activity. An intensity target is defined by a reduction in emissions relative to a specific business metric, such as production output of the company (i.e. tons CO2e per ton product produced).

These targets must converge on the overall sectoral target to achieve absolute reductions. This means the rate of decrease depends on the company’s starting point, and emissions-intensive companies must reduce their emissions more.

Want to learn more? Check out the official SBTi documentation


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