SCIENCEBASEDRaising the BarTARGETSExploring the Science Based Targets initiative'sDRIVING AMBITIOUS CORPORATE CLIMATE ACTIONprogress in driving ambitious climate actionForewordWhen the Scence Based Targets initiative (SBT was launched in 2015 our goal wasAs the SBTi embarks on its next chapter.let us celebrate how far this movement hasclimate change.A simple idea,but also a step-change in how companies thoughtaction.As of November 209.more than 7oo companies are setting science-basedweek.These comparies represent 45 sectors-from chemicals to constructon andfrom textiles to telecom,spanning 46 countries around the globe.Together.theiroperational emissions total more than 1 billion tonnes of CO2e,more than the annualThey are at the vanguard in the fight against climate change and are demonstratingLila KarbassiManuel Pulgar-VidalPaulSimpsonoperating within the scientific threshold for a climate-safe world goes hand-in-handCEO203CDP03This report takes stock of the progress the SBTi has made since its launch andacton we understand s necessary fom the private sector to meet the goals of theAndrew SteerNigelToppingParis Agreemert.For the highest emtting sectors.the steps they must take are nothing short ofbushess,and some of the world's highest emitters are proving that they are more1