Charity Accounts Intelreading the accounts so you don’t have to

SCIENCE BASED TARGETS INITIATIVE

Registered charity 1205768 · accounts filings on the Charity Commission register · also known as SBTI

The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis.We develop standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what is needed to keep global heating below catastrophic levels a

Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£22.2m
Latest spending
£9.9m
Registered
2023
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted funds of $11,474,016 against total net assets of $11,820,918. Per the transfer agreement note, the organization has received significant funding from CDP and expects further tranches until 2028, with a contingent asset of $3.5m noted. The trustees have assessed the ability to continue as a going concern without identifying material uncertainties.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: CDP Financial Settlement
“Grants Received from Related Party Organisations CDP Financial Settlement 10,254,475”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 20
“During the period, the Charity paid $1,984,382 amount on behalf of SBTi Services Limited (for staff & contractor costs and other consultancy), at the period end SBTi Services Limited owed $1,273,058 to the Charity.” — page 36
“The Charity paid $427,339 on behalf of SBTi gGmbH (for staff and contractor costs), at the period end SBTi gGmbH owed $427,338 to the Charity.” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 20
“During the period, the Charity paid $1,984,382 amount on behalf of SBTi Services Limited (for staff & contractor costs and other consultancy), at the period end SBTi Services Limited owed $1,273,058 to the Charity.” — page 36
“The Charity paid $427,339 on behalf of SBTi gGmbH (for staff and contractor costs), at the period end SBTi gGmbH owed $427,338 to the Charity.” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 20
“During the period, the Charity paid $1,984,382 amount on behalf of SBTi Services Limited (for staff & contractor costs and other consultancy), at the period end SBTi Services Limited owed $1,273,058 to the Charity.” — page 36
“The Charity paid $427,339 on behalf of SBTi gGmbH (for staff and contractor costs), at the period end SBTi gGmbH owed $427,338 to the Charity.” — page 36
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited. Discloses 3 of 6 completeness components.

Corporate structure

What the charity says about itself (2025)

From its own voluntary annual review / impact report — the charity’s account of its work, distinct from the statutory accounts analysed above.

Reputational impact statistic.
“95% of respondents report a positive reputational impact”
Investor confidence statistic.
“76% of respondents said that setting science-based targets had a positive impact on investor confidence”
Long-term financial performance statistic.
“92% of respondents reported overall neutral or positive impacts of science-based targets on long-term financial performance”

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Structured financials (annual return, FY ending 26/12/2024)

Total income
£22.2m
Total spending
£9.9m
Cost of raising funds
£2.1m
Reserves (reported)
£2.8m
Employees
38

Reported reserves equal ~3.4 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (75% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 9.4% of total income — above the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
26/12/2024£22.2m£9.9m

Common questions

Is SCIENCE BASED TARGETS INITIATIVE financially healthy?

Per its FY2024 accounts: The accounts state that the charity holds unrestricted funds of $11,474,016 against total net assets of $11,820,918. Per the transfer agreement note, the organization has received significant funding from CDP and expects further tranches until 2028, with a contingent asset of $3.5m noted. The trustees have assessed the ability to continue as a going concern without identifying material uncertainties. Its FY2024 accounts were audited.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE PERMIRA FOUNDATION1£985k
THE CHARLES RUSSELL SPEECHLYS FOUNDATION1£100k
MONTPELIER FOUNDATION LIMITED1£30k
THE FREDERICK MULDER FOUNDATION1£18k
THE ORR MACKINTOSH FOUNDATION LIMITED1£10k
NEWBY TRUST LIMITED1£10k
WOODCOCK CHARITABLE TRUST1£5k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with SOCIAL INVESTMENT BUSINESS FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
SCIENCE BASED TARGETS INITIATIVE£22.2m—0unclear—no doubt
SOCIAL INVESTMENT BUSINESS FOUNDATION FY2025£188.5m——above—no doubt
CLIMATE BONDS INITIATIVE FY2024£9.5m——unclear—no doubt
THE CLIMATE CHANGE ORGANISATION FY2025£16.8m——below—no doubt
SOCIAL BUSINESS TRUST FY2025£7.1m——above—no doubt
The Society for Cardiac Science and Technology LTD FY2024£193k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.