<p>&nbsp;</p>
<h4 dir="ltr">Science-Based Targets initiative (SBTi)</h4>
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<p dir="ltr" role="presentation">Companies must set reduction targets for their scope 1 and 2 emissions for the next 5-15 years that are consistent with a temperature rise below 1.5&deg;C compared to pre-industrial levels.</p>
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<p dir="ltr" role="presentation">Companies must also measure all of their scope 3 emissions</p>
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<p dir="ltr" role="presentation">If the company&rsquo;s scope 3 emissions make up more than 40% of their total emissions, they must also set a reduction target for scope 3 emissions.</p>
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<p dir="ltr"><strong>In order to set SBTi&rsquo;s, companies must do the following:</strong></p>
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<p dir="ltr" role="presentation">Set a scope: Companies need to define the scope of their emissions, including which emissions sources will be covered by their target</p>
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<p dir="ltr" role="presentation">Choose a target setting method: companies need to select one of four SBTi-approved methods for setting their emissions targets</p>
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<p dir="ltr" role="presentation">Develop a target: Companies need to calculate their emissions reduction target based on their chosen method and ambition level, as well as set a timeline for achieving the target</p>
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<p dir="ltr" role="presentation">Submit for validation: once the target has been developed, companies can submit it to the SBTi for validation, which involves an independent assessment to ensure the target meets the SBTi&rsquo;s criteria for scientific rigor and alignment with the Paris Agreement</p>
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<p>&nbsp;</p>
<p>https://sciencebasedtargets.org/step-by-step-process</p>