What goals can businesses set in 2024 to get one step closer to net-zero?

Joshua Rayner

Joshua Rayner

The difference between emissions reduction goals and science-based targets

Aiming at?InputsOutcomes
SBTi Corporate Net-zero Standard alignment?Not required, but complementary to the StandardRequired as part of the Standard
SMART alignment? Do not have to be SMART (Specific, Measurable, Achievable, Realistic, Timely)Are SMART (Specific, Measurable, Achievable, Realistic, Timely)
Qualitative or quantitative?Can be either, but tend to be more qualitativeQuantitative
Scope coverage?Don’t have be specific about covering scopes 1, 2 and 3Must cover Scopes 1, 2 and 3
Verification?Not necessarily explicitly tied to scientific benchmarks, global climate targets or verification.Science-based targets undergo independent assessment to ensure they are consistent with the latest climate science.
Timelines?Timelines tend to be shorter-term (under 5 years) because the objectives are smaller and easier to achieve.Because of the 90% reduction in emissions across all 3 scopes, target setting usually involves setting near-term and long-term targets leading up to 2030, 2040 or 2050.
Ecologi platform?Through the Ecologi Zero Platform.Through Ecologi consultancy services.
Did you know? After calculating their footprint, 45% of Ecologi Zero users have Technology & Communications in their top three emissions hotspots.
An example of an Ecologi Zero user's reduction goals for 2024
Did you know? Banking & Financial Services are a top-three emissions hotspot for 26% of Ecologi Zero users.
An example of an annual emissions report from Ecologi Zero

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