LANDSCAPEANALYSIS:MEASUREMENT,REPORTINGANDVERIFICATION(MRV)OFSCIENCE-BASEDTARGETSRESEARCHREPORTNOVEMBER2023ThisreportwascommissionedbytheScienceBasedTargetsinitiative(SBTi)andwasco-authoredwithErnstandYoung(EY).AbouttheScienceBasedTargetsinitiativeAbouttheScienceBasedTargetsinitiativeTheScienceBasedTargetsinitiative(SBTi)drivesambitiouscorporateclimateactionbyenablingbusinessesandfinancialinstitutionsgloballytosetscience-basedgreenhousegasemissionsreductiontargets.ItwasformedasacollaborationbetweenCDP,theUnitedNationsGlobalCompact,WorldResourcesInstitute(WRI),theWorldWideFundforNature(WWF)andtheWeMeanBusinessCoalition.TheSBTi’sgoalistoenablecompaniesworldwidetodowhatclimatesciencerequiresoftheglobaleconomy:tohalveemissionsby2030andachievenet-zerobefore2050.WedevelopcriteriaandprovidetoolsandguidancetoenablebusinessesandfinancialinstitutionstosetGHGemissionsreductiontargetsinlinewithwhatsciencetellsusisneededtokeepglobalheatingbelow1.5°C.www.sciencebasedtargets.org@sciencetargetsAboutErnstandYoungErnstandYoung(EY)isaglobalorganizationofmemberfirmswiththepurposeofBuildingabetterworkingworldbyprovidinginsightsandqualityservicestohelpbuildtrustincapitalmarketsandeconomies.EYbelievesthatabetterworkingworldisonewhereeconomicgrowthissustainableandinclusive,workingcontinuouslytoutilizeknowledge,skillsandexperiencet...
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