Definition 1
Target Boundary means all of the following parameters [the Company] [will OR should] use when setting its [Net Zero Target OR emissions-reduction target]:
(a) the organisational boundary, which means that targets should be submitted at the parent or group level. The [operational control OR financial control OR equity share] method will be used to determine [Company’s] organisational boundary;
(b) scope and emissions coverage, which consists of:
(i) [Near-Term Science-Based Targets OR near-term emissions-reduction targets for [2030 OR 2035 OR insert year 5-10 years looking forward], which will cover at least [95 percent] of Company-wide (reported and excluded) Scope 1 and 2 Emissions and at least [67 percent] of Scope 3 Emissions if these emissions represent over 40 percent of total Scope 1, 2 and 3 Emissions]; and
(ii) [Long-Term Science-Based Targets OR long-term emissions-reduction targets for [2050 OR insert date or year before 2050], which will cover at least [95 percent] of Company-wide Scope 1 and 2 Emissions and at least [90 percent] of Scope 3 Emissions]; and
(c) Greenhouse Gas coverage, with emissions-reduction targets covering all Greenhouse Gases.
Drafting notes and guidance
Companies should use the same boundaries when: (i) accounting for their current emissions; and (ii) setting net zero targets and emissions-reduction targets.
See the Greenhouse Gas Protocol for an understanding of the different organisational boundary approaches.
Please refer to TCLP’s glossary pages for Near-Term Science-Based Targets and Long-Term Science-Based Targets for more information on these concepts.