How can companies manage the financial risks that go along with the transition to a low-carbon economy? What does an appropriate carbon reduction target look like? How can carbon reduction targets be integrated with other business goals in order to help drive growth?
By setting an SBT, companies can publically demonstrate that they are taking their environmental responsibilities seriously. Companies can communicate to customers, investors, and other stakeholders that they are ready to compete and succeed as a business in a low-carbon world.