Science-based targets

Definition

Science-based targets are greenhouse gas (GHG) emissions reduction goals that are aligned with the latest climate science to keep global temperature rise within 1.5 to 2 degrees Celsius compared to pre-industrial levels. These targets help businesses and organizations set clear, measurable, and accountable emissions reductions based on scientific data, ensuring they contribute effectively to mitigating climate change while considering ethical and sustainable practices.

5 Must Know Facts For Your Next Test

1. Science-based targets provide a framework for organizations to align their emission reduction strategies with the Paris Agreement, helping to limit global warming.
2. These targets require regular progress reporting and transparency, which encourages accountability among companies committing to climate action.
3. Setting science-based targets often involves assessing a company's current emissions and forecasting future scenarios based on industry benchmarks.
4. Organizations that adopt science-based targets typically see enhanced reputation and stakeholder trust as they demonstrate a commitment to environmental responsibility.
5. The Science Based Targets initiative (SBTi) offers resources and guidance for companies looking to establish credible science-based targets.

Review Questions

• How do science-based targets contribute to addressing ethical dilemmas in business practices related to environmental sustainability?
  • Science-based targets address ethical dilemmas by promoting accountability in corporate environmental practices. By aligning emissions reduction goals with scientifically established climate limits, companies can avoid greenwashing and enhance transparency. This commitment reflects a genuine approach towards sustainable practices that respects both the environment and societal expectations, fostering trust among stakeholders.
• Evaluate the effectiveness of science-based targets in climate change mitigation strategies implemented by organizations.
  • Science-based targets are highly effective in climate change mitigation as they provide a clear framework for measuring progress against scientifically backed goals. Organizations that adopt these targets can strategically reduce their greenhouse gas emissions in line with global climate objectives. Additionally, these targets encourage innovation and investment in sustainable technologies, ultimately leading to greater overall impact on reducing climate change effects.
• Critically analyze how the adoption of science-based targets affects supply chain management decisions within organizations.
  • The adoption of science-based targets significantly influences supply chain management decisions by compelling organizations to assess and reduce emissions throughout their supply chains. Companies may prioritize sourcing from suppliers that also commit to science-based targets, which fosters collaboration on sustainability initiatives. This shift not only drives emissions reductions but also enhances resilience against regulatory pressures and market changes, ultimately leading to more sustainable supply chain practices.

Related terms

Greenhouse Gas Protocol: A widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions.

Net Zero Emissions: The balance between the amount of greenhouse gas emissions produced and the amount removed from the atmosphere, ultimately aiming for no net emissions.

Climate Action Plans: Strategic frameworks developed by organizations or governments to outline their goals, measures, and actions to mitigate climate change impacts.