SCIENCEBASEDinfo@sciencebasedtargets.orgwww.sciencebasedtargets.orgTARGETSDRIVING AMBITIOUS CORPORATE CLIMATE ACTIONwww.twitter.com/sciencetargetsBarriers,Challenges,and Opportunities for ChemicalCompanies to Set Science-Based TargetsDecember 2020This document presents the results of the Science Based Targets initiative's chemicals sectorscoping project with considerations for further target-setting method development.Tosummarize existing resources and support further work,the document provides an overview ofcurrent chemical company science-based targets,a proposed sector boundary for companyactivities,results of a stakeholder survey,and considerations for further research.203SCIENCEPARTNER ORGANIZATIONSBASEDTARGETSCDPRESOURCESTable of ContentsAcknowledgments..…1.Introduction and Overview...42.SBTi Background and Current Targets......SBTi Target-Setting Methods..6SBTi Criteria…Chemical Companies with SBTs...83.Scope and Composition of Chemicals Sector...1oDisaggregating the Chemicals Sector.144.Summary of Stakeholder Survey Results.185.Considerations for Further Research and Method Development22Scope 1 and 2 Emissions........22Scope 3 Emissions.............24Other Greenhouse Gases..................Recommendations and Next Steps..30References.....32Appendix A:Detailed Survey Results...................36Appendix B:Scope 3 Category Priorities.66Appendix C:SBTi Target-Setting Methods......7oAppendix D:Overview of Chemical Company SBTs and Distribution of Emissions ...............76Appendix E:Top Seven Chemicals Based on Global Production Volumes............80Appendix F:Target Setting for Category 12,End-of-Life Emissions..81SBTi Chemicals Scoping DocumentDecember 20202