While decarbonization efforts are actively underway, stakeholder interest in companies worldwide setting greenhouse gas (GHG) emissions targets that are aligned with international climate goals (i.e., limiting global warming to well below 2°C) has given rise to proposed methodologies and benchmarks. However, EPRI research has found that these methodologies and benchmarks do not account for the full body of available science and insights, or the unique constraints and opportunities of individual companies. The use of these methodologies can result in GHG emissions targets that may not be appropriate for a company and society given, among other things, a company’s specific assets, markets, systems, regulatory environment, and potential role in overall regional emissions reductions and other societal objectives.