Case Study: Hg achieves science-based target approval across its portfolio with Anthesis

Hg sets science-based targets across 40+ companies with Anthesis, targeting ~90% emissions reduction by 2050

Hg, a leading software and services investor, sought to understand the implications of adopting the new Science-Based Target Initiative (SBTi) guidance for its portfolio. The firm engaged Anthesis, a co-author of the guidance, to road test it and comprehend the level of ambition required for setting science-based targets (SBTs) across its 40+ portfolio companies.

Anthesis supported Hg by calculating its GHG footprint, prioritizing portfolio companies for SBT adoption, and modeling different target scenarios. This led to Hg committing to SBTs targeting a 90% reduction in scope 1 and 2 emissions by 2050. Anthesis prepared the successful SBTi submission and created a tracking model for Hg to monitor progress, resulting in an SBT-aligned portfolio.

Hg