SCIENCE-BASED TARGETS
TARGET VALIDATION SERVICE
OFFERINGSVERSION 2
JUNE 2024

Pricing valid for submissions from August 1, 2024:
Near-term science-based target submission$11,000 USD
The near-term science-based target submission service is conducted by our team of target
analysts, composed of several steps. An initial screening is performed to determine if allnecessary information is provided. The company’s target(s) are then reviewed by the SBTi
Services Limited’s Target Validation Team against all relevant SBTi criteria. Finally, detailed
feedback is provided through a comprehensive target validation report including
recommendations to address non-conformances, if applicable, and an official target
validation decision letter. Results are delivered within 30 business days of service startdate provided that any queries for further information or clarification sent by the Target
Validation Team are resolved within two business days.
Near-term / net-zero updates science-based target submission$5,500 USD
The target update service is a streamlined process developed for companies who wish toalign their existing targets with the minimum ambition level of 1.5°C or to update or edit
previously approved near-term and/or net-zero targets in other ways. The service offers thesame comprehensive review and target validation report with recommendations to address
non-conformances, if applicable, and an official target validation decision letter. Results aredelivered within 30 business days of service start date provided that any queries forfurther information or clarification sent by the Target Validation Team are resolved within twobusiness days.
Please note that the pricing of services are subject to change based on demand and resource requirements

SBTI Services Limited is a limited company registered in England and Wales(15181058). Registered address: First Floor, 10 Queen Street Place, London,England, EC4R 1BE. SBTI Services Limited is a wholly owned subsidiary of Science
Based Targets Initiative.

Net-zero target submission$11,000 USD
To align with the SBTi’s Corporate Net-Zero Standard version 1.2, companies must first set
near-term science-based targets that meet the near-term criteria in the Corporate Net-ZeroStandard Version 1.2 and the current SBTi Criteria. Once near-term targets are set, acompany is eligible for the net-zero service. This is a thorough technical review of yourcompany’s long-term science-based target(s) against all SBTi Net-Zero Criteria. Feedback
is provided through deliverables including recommendations to address non-conformancewith relevant criteria, if applicable, and an official target decision letter. Results are delivered
within 60 business days of service start date provided that any queries for further
information or clarification sent by the Target Validation Team are resolved within twobusiness days.
Near-term science-based target submission + Net-zero target submission – Packagerate$16,750 USD
Companies who wish to align with the Corporate Net-Zero Standard Version 1.2 and aresubmitting new near-term and net-zero targets to the SBTi for the first time have the option
to submit together at a discounted rate. This combined service offers a more streamlined
experience with results delivered for both near-term and net-zero targets within 60
business days of service start date, provided that any queries for further information or
clarification sent by the Target Validation Team are resolved within two business days.
Near-term science-based target update + Net-zero target submission – Package rate
$14,750 USD
Companies with previously approved near-term targets who wish to align with theCorporate Net-Zero Standard Version 1.2 have the option to resubmit their near-termscience-based targets and a net-zero target for validation at the same time for a discountedrate. This is the target update service and net-zero target submission in one package. The
combined service offers a streamlined validation experience with results delivered within 60
business days of service start date, provided that any queries for further information or
clarification sent by the Target Validation Team are resolved within two business days.
FLAG target submission$8,500 USD
In addition to near-term and net-zero targets, companies may be required, or choose, to set
a FLAG (Forestry, Land, and Agriculture) target. Refer to the SBTi FLAG Guidance for more

SBTI Services Limited is a limited company registered in England and Wales(15181058). Registered address: First Floor, 10 Queen Street Place, London,England, EC4R 1BE. SBTI Services Limited is a wholly owned subsidiary of Science
Based Targets Initiative.

information on the type of entity which is required to submit FLAG targets. Please note that
FLAG targets can ONLY be submitted as an add-on to another service, such as a target
service update or near-term submission. Therefore, the cost of this service is additional tothe other service(s) to reflect the time and expertise required from the Target Validation
Team to review FLAG submissions. Results are delivered within 60 business days ofservice start date provided that any queries for further information or clarification sent by
the Target Validation Team are resolved within two business days.
FLAG update target submission$4,250 USD
The FLAG update service is available for companies who wish to update or edit previously
approved FLAG targets. Please note that a FLAG target update can ONLY be submitted as
an add-on to another service, such as a near-term target service update. Therefore, thecost of this service is additional to the other service(s) to reflect the time and expertise
required from the Target Validation Team to review FLAG submissions. Results are delivered
within 60 business days of service start date provided that any queries for furtherinformation or clarification sent by the Target Validation Team are resolved within twobusiness days
Financial institution target submission$16,750 USD
This service is specifically created for thorough review of targets submitted by financial
institutions (FIs). For more information on how to set FI targets, please refer to the SBTi
Financial Institutions sector specific webpage. The results of the validation are ready within
60 business days from the service start date provided that any queries for further
information or clarification sent by the Target Validation Team are resolved within twobusiness days.
Financial institution update target submission$8,500 USD
The Financial institution (FI) update service is available for companies who wish to updateor edit previously approved FI targets. Results are delivered within 60 business days ofservice start date provided that any queries for further information or clarification sent by
the Target Validation Team are resolved within two business days

SBTI Services Limited is a limited company registered in England and Wales(15181058). Registered address: First Floor, 10 Queen Street Place, London,England, EC4R 1BE. SBTI Services Limited is a wholly owned subsidiary of ScienceBased Targets Initiative.

Fee discount - All services excluding financial
institutions
Revenue dependent, see table below
The cost of the target validation service can be discounted for companies with yearlyrevenue under $1 billion USD, or SMEs with yearly revenue under $10 million USD, who
need it and who are headquartered in developing countries and economies in transition, asdefined by the United Nations Secretariat’s Department of Economic and Social Affairs.
Companies must request a discount in the target submission form to be considered andsubmit the latest financial statement that shows their revenue. We encourage companies topay the normal service fee if financially viable to ensure the discount can be reserved forcompanies that would benefit most from the discount. Financial institutions are not eligible
for a fee discount.
Fee discount type (USD)

Fee discount$250M - $999M in revenue

50%< $250M in revenue

85%

SMEs under $10M revenue

85%

Questions on pricing should be directed to info@sciencebasedtargets.org

SBTI Services Limited is a limited company registered in England and Wales(15181058). Registered address: First Floor, 10 Queen Street Place, London,England, EC4R 1BE. SBTI Services Limited is a wholly owned subsidiary of Science
Based Targets Initiative.

Further pricing updates
To be implemented for validation start dates January 1st 2025
Entities that submit targets to be validated as of January 1,2025 under the corporate or
financial institution route, and make over $1 billion USD in revenue annually, will be subject
to an updated fee structure. Further information on the updated structure is outlined below:

Service offeringPrice (USD)

Near-term science-based target$14,250

Target update$7,000Net-zero science-based target$14,250

Near-term + Net-zero package$21,750

Near-term update + Net-zero package$19,000

FLAG science-based target$11,250

FLAG target update$5,500Financial Institution science-based target$29,000

Financial Institution target update$14,500

Questions on pricing should be directed to info@sciencebasedtargets.org.

Near-term science-based target submission – Small-and medium-sized enterprises(SMEs)$1,250 USD
The SBTi offers a separate route for small and medium-sized enterprises (SMEs). SMEs can
immediately set a science-based target by choosing from one of several predefined target
options available in the SME science-based target setting form. Targets submitted throughthe dedicated route for SMEs will receive expedited approval and publication on the SBTi
website.

SBTI Services Limited is a limited company registered in England and Wales(15181058). Registered address: First Floor, 10 Queen Street Place, London,England, EC4R 1BE. SBTI Services Limited is a wholly owned subsidiary of Science
Based Targets Initiative.

Net-zero target submission - Small-and medium-sized enterprises (SMEs)$1,250 USD
This service enables SMEs to immediately set a target by choosing from one of several
predefined target options in the SME science-based net-zero target-setting form. To
encourage more SMEs to set targets, they are able to submit net-zero targets at the same
price as the near-term SME target validation service. Net-zero targets submitted throughthe dedicated route for SMEs receive expedited approval and posting to the SBTi website.
Please note that the charge is $1,250 USD per service, or $2,500 USD total for bothnear-term and net-zero submission.

Terms and conditions
Please note that we cannot support any changes or additions to our terms and conditions,which are required for all Target Validation Services, as they have been tailored specificallyfor the type of service provided.

SBTI Services Limited is a limited company registered in England and Wales(15181058). Registered address: First Floor, 10 Queen Street Place, London,England, EC4R 1BE. SBTI Services Limited is a wholly owned subsidiary of Science
Based Targets Initiative.