Science-Based Targets Setting
Mind the Science, Mind the Gap
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.
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
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.
Science-based target-setting methodology
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.
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.