How Emitwise Supports Science-Based Target Setting
Emitwise supports the following target-setting methods:
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Absolute Reduction Targets:
- These targets aim to reduce your total emissions by a fixed percentage over a set period of time. Emitwise helps you calculate your baseline emissions and set ambitious, science-aligned targets for Scope 1, 2, and 3 emissions reductions.
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(soon) Intensity Reduction Targets:
- Intensity targets focus on reducing emissions relative to a specific business metric, such as emissions per unit of production or emissions per revenue. Emitwise allows you to set and track intensity-based targets, helping you align them with SBTi criteria while maintaining flexibility in your growth.
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(soon) Renewable Energy Targets:
- Commit to sourcing 100% of your electricity from renewable sources to reduce Scope 2 emissions. Emitwise helps you set and validate these renewable energy goals as part of your overall emissions reduction strategy.
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Supplier Engagement Targets:
- Emitwise also helps you set supplier engagement targets, a specific type of Scope 3 emissions target. These targets focus on encouraging your suppliers to set their own Science-Based Targets (SBTs) or reduce their emissions. To meet SBTi criteria, a supplier engagement target typically needs to cover at least 67% of your suppliers' emissions if Scope 3 makes up more than 40% of your total emissions.
- Emitwise tracks supplier participation and helps you measure the impact of these efforts, ensuring you meet your engagement goals and reduce indirect emissions from your value chain.
Emitwise's Validation Process: Emitwise not only helps you set these targets but also validates them against SBTi criteria. While official SBTi validation can be a time-consuming and expensive process, Emitwise offers a faster alternative to ensure your targets meet the same scientific rigor. Emitwise’s validation process provides immediate feedback, helping you achieve SBTi alignment more quickly and meet customer and stakeholder expectations.
For more on target setting, see: How Do I Set Near-Term and Long-Term Targets Aligned with SBTi Criteria?