The corporate momentum behind setting meaningful Science Based Targets (SBTs) on carbon reductions is building with the total count of companies that have either publicly committed to or set SBTs now sitting at a healthy and ever-increasing total of 406 organisations. It is great to see progress being made recently, including many large players such as AB InBev, McDonald’s, Ericsson and Suez having had their SBTs formally set and approved by the Science Based Targets Initiative (SBTi) in the first quarter of 2018 alone.
Measuring Scope 1 and 2 emissions is standard practice for many companies. Our research into the sustainability reporting performance of the FTSE 100 found only one company not providing this information publicly. In the context of stakeholder demand and the need to manage business risk, companies are increasingly looking to understand emissions in their value chain (Scope 3 emissions).