Barriers, Challenges, and Opportunities for Chemical Companies to Set Science-Based Targets

The chemicals sector plays a central but complex role in the transition to a low-carbon economy. While chemical products are expected to contribute to the well-below 2 degree climate stabilization outcome described in the Paris Agreement, emissions related to chemicals production will need to be reduced to maintain global emissions budgets. In recognition of the central importance of the chemicals sector, in February 2020 the Science Based Targets initiative (SBTi) launched the chemicals sector scoping project.

This webinar presents the results of the SBTi chemicals sector scoping project and explores what research is needed to further develop methods for setting science-based targets (SBTs) in the chemicals sector. The webinar also provides an overview of chemical company SBTs, key sector issues, and a proposed sector boundary for company activities.