Science-based targets benefit organisations as they add credibility to a business’s carbon strategy claims, and create a long term competitive advantage. Greenstone is an active supporter of the Science Based Targets initiative (SBTi), as well as a CDP Partner, and encourages the adoption of science-based targets.
Science-based targets with Greenstone
Greenstone’s sustainability reporting software collects the robust and verifiable data required to inform setting an SBT and its support team provides clients with guidance on committing to and setting SBTs for their organisations. Once set, clients can use Greenstone’s software to manage and track progress against targets over time.
Why are science-based targets important for business?
A survey of SBTi companies confirms that science-based targets are good for business. Here are six benefits a company can expect to see from setting a science-based target:
- Brand reputation
- Investor confidence
- Resilience against regulation
- Increased innovation
- Bottom line savings
- Competitive edge
The SBTi has developed a step-by-step guide which can be found on the SBTi website.