SCIENCEBASEDTARGETSDRIVING AMBITIOUS CORPORATE CLIMATE ACTIONSCIENCE BASED TARGETSETTING FOR THEMARITIME TRANSPORTSECTORVERSION 1.1MAY 2023ACKNOWLEDGMENTSThis guidance was developed by World Wide Fund for Nature(WWF)on behalf of the Science Based Targetsinitiative(SBTi),with support from Smart Freight Centre(SFC)and UMAS.The SBTi mobilizes companies to set science-based targets and boost their competitive advantage in thetransformation to the net-zero economy.The SBTi is a collaboration between CDP,the United Nations Global Compact,World Resources Institute,and WWF and is one of the We Mean Business Coalition (WMB)commitments.About WWFWF is one of the world's largest and most experienced independent conservation organizations,with over 5million supporters and a global network active in more than 100 countries.WF's mission is to stop the degradation of the planet's natural environment and to build a future in which humanslive in harmony with nature,by conserving the world's biological diversity,ensuring that the use of renewablenatural resources is sustainable,and promoting the reduction of pollution and wasteful consumption.About UMAS3060060UMAS delivers consultancy services and undertakes research for a wide range of clients in the public and privatesectors using models of the shipping system,shipping big data,and qualitative and social science analysis of thepolicy and commercial structure of the shipping system.UMAS's work is underpinned by state-of-the-art datasupported by rigorous models and research practices,which makes UMAS world-leading on three key areas;using big data to understand drivers of shipping emissions,using models to explore shipping's transition to a zeroemissions future and providing interpretation to key decision makers.About SFCSFC is a global non-profit organization dedicated to an efficient and zero emissions freight sector.SFC covers allfreight and only freight.SFC works with the Global Logistics Emissions Council (GLEC)and other stakeholdersto drive transparency and industry action-contributing to Paris Climate Agreement targets and SustainableDevelopment Goals.SFC's role is to guide companies on their journey to zero emissions logistics,advocate for supportive policyand programs,and raise awareness.SFC's goal is that 100+multinationals reduce at least 30%of their logisticsemissions by 2030 compared to 2015 and reach net-zero emissions by 2050.Science Based Target Setting for the Maritime Transport Sector