Glossary entry

Science Based Target

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Definitions

Option 1

Science Based Target means [an organisation/a project] target to reduce GHG Emissions aligned with the latest climate science on the scale and pace of action needed to limit the global temperature increase to 1.5°C above pre-industrial levels.

Option 2

Science Based Target means [the Company]’s target to reduce its GHG Emissions as validated by the [Science Based Targets initiative (SBTi)].

Drafting notes

The concept of Science Based Targets is based on the Science Based Targets Initiative (SBTi) Corporate Net-Zero Standard. Science-Based Targets count only the reduction of greenhouse gas (GHG) emissions. Measures that remove, avoid or offset greenhouse gas emissions will not be included. In contrast, Net Zero Targets count reductions, removals, avoided and offset GHG emissions.

The purpose of a Science Based Target is to ensure that the relevant organisation’s target is aligned with current climate science and will contribute to a transformational global shift to net zero.

For more information on the Paris Agreement goals, see the drafting notes in Paris Agreement Goals.

Option 2

Drafters may want to consider using other organisations that validate science-based targets.

Application

Supply chain clauses, project finance documents (e.g. loan, guarantee and recourse agreements, engineering, procurement and construction contracts), policy documents and national climate laws.

Science Based Target is used in the following TCLP clauses:

[Gordon’s DDQ] Capital Markets ESG Due Diligence Questionnaire; and 

[Raphael’s Procurement DDQ] Climate Change Due Diligence Questionnaire for Suppliers.