WWF - Science-Based Targets Setting

Science-Based Targets Setting

Mind the Science, Mind the Gap

Working with businesses to set and meet ambitious GHG reduction targets
Setting greenhouse gases (GHG) reduction targets has become common practice for large, multi-national companies. Typically, companies follow a conservative approach and set targets based on expected emissions reductions from planned projects, limiting innovation and ambition.

In a joint effort, WWF, the World Resources Institute (WRI), and CDP (formerly the Carbon Disclosure Project) launched Mind the Science, Mind the Gap, an initiative to develop guidance for companies to set science-based targets to reduce greenhouse gas emissions.

As part of this project, we are developing a methodology to help companies set ambitious GHG reduction targets necessary to be in a 2°C decarbonisation pathway.


Our vision

By 2018 more than 100 multi-national companies will be setting targets based on the proposed methods and annually reporting their results to CDP. This initial set of companies will establish ambitious goal setting as best practice and influence other companies to follow suit, helping to facilitate and drive broader adoption by businesses worldwide


Science-based target-setting methodology

WWF and partners seek to raise the ambition on corporate target setting levels and drive bolder business solutions by identifying and promoting innovative approaches to corporate WRI goal setting.

Through Mind the Science, Mind the Gap, WWF and partners will develop a target-setting methodology and provide guidance to corporate in several ways.

A final ‘guidance document’ will include input from a group of technical advisors, stakeholders and the public. Follow the consultation process here.

The guidance will include a target-setting methodology that can be used for direct and indirect emissions (as deemed relevant) and recommendations on how to get internal buy-in, develop a reduction strategy based on the target, and publically communicate the target to stakeholders. Also, a sectoral decarbonisation roadmap, 2°C budget analysis, a calculation tool and a 2020 emissions cap are included in this document.


Corporate Engagement

Following the publication of the methodological guidance, WWF and partners will coordinate a joint corporate engagement strategy, each determining their respective next steps.

WWF is planning to encourage companies to adopt ambitious emission reduction targets through the established Climate Savers program as well as through collaboration with other relevant organizations (e.g. UN Global Compact). Outreach and capacity building activities are also envisioned as part of this effort. 


Monitoring

To further enhance company’s target-setting strategies, MInd the Science, Mind the Gap includes the development of a ‘Corporate Climate Action Tracker’, a tool to assess the progress made by companies in line with periodical milestones dates.


The scientific community calls for action to reduce 20-40% GHG emissions by 2020 and 85% by 2050 to keep the planet below a 2°C temperature rise.

Corporations play a key role in successfully tackling this climate threat by limiting and reducing GHG emissions at the rate suggested by climate scientists.

(logos) Mind the Science, Mind the Gap is a joint initiative of WWF, World Resources Institute and ... / ©: WWF WRI CDP
Mind the Science, Mind the Gap is a joint initiative of WWF, World Resources Institute and CDP.
© WWF WRI CDP

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