Corporate Net Zero

# The Corporate Net-Zero Standard The **Corporate Net-Zero Standard** is a pioneering framework developed by the Science Based Targets initiative (SBTi) to guide companies in setting robust and credible net-zero targets. It is the world's first set of guidelines that align corporate net-zero ambitions with the imperative of limiting global warming to 1.5°C, as outlined in the Paris Agreement. ## Purpose and Importance The Standard addresses the urgent need for a consistent and science-based definition of net-zero within the corporate sector. It aims to eliminate confusion and accusations of greenwashing by providing a clear blueprint for businesses to align their decarbonization strategies with climate science. ## Key Components The Corporate Net-Zero Standard comprises several critical elements: - **Near-term Targets**: Companies must make rapid and deep cuts to direct and indirect value-chain emissions, aiming to halve emissions before 2030. - **Long-term Targets**: Businesses are required to reduce more than 90% of emissions before 2050. - **Neutralization of Residual Emissions**: After achieving long-term targets, companies must counterbalance the final 10% or more of residual emissions through permanent carbon removal and storage. - **Beyond Value Chain Mitigation (BVCM)**: Companies should invest in BVCM in addition to meeting near- and long-term targets. ## Impact and Coverage The Standard has been instrumental in providing clarity and confidence to business leaders, ensuring that their net-zero pledges are scientifically sound and actionable. Net-zero commitments now cover 92% of GDP and 88% of emissions worldwide, signifying the Standard's extensive influence. ## Adoption and Validation Several leading companies have already had their science-based net-zero targets validated by the SBTi, demonstrating their commitment to climate action leadership and a habitable planet for future generations. ## Conclusion The Corporate Net-Zero Standard by the SBTi is a crucial tool for companies worldwide, offering a science-based, transparent path to achieving net-zero emissions and contributing to the global effort to combat climate change.

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The Corporate Net-Zero Standard

The Corporate Net-Zero Standard is a pioneering framework developed by the Science Based Targets initiative (SBTi) to guide companies in setting robust and credible net-zero targets. It is the world's first set of guidelines that align corporate net-zero ambitions with the imperative of limiting global warming to 1.5°C, as outlined in the Paris Agreement.

Purpose and Importance

The Standard addresses the urgent need for a consistent and science-based definition of net-zero within the corporate sector. It aims to eliminate confusion and accusations of greenwashing by providing a clear blueprint for businesses to align their decarbonization strategies with climate science.

Key Components

The Corporate Net-Zero Standard comprises several critical elements:

Near-term Targets: Companies must make rapid and deep cuts to direct and indirect value-chain emissions, aiming to halve emissions before 2030.
Long-term Targets: Businesses are required to reduce more than 90% of emissions before 2050.
Neutralization of Residual Emissions: After achieving long-term targets, companies must counterbalance the final 10% or more of residual emissions through permanent carbon removal and storage.
Beyond Value Chain Mitigation (BVCM): Companies should invest in BVCM in addition to meeting near- and long-term targets.

Impact and Coverage

The Standard has been instrumental in providing clarity and confidence to business leaders, ensuring that their net-zero pledges are scientifically sound and actionable. Net-zero commitments now cover 92% of GDP and 88% of emissions worldwide, signifying the Standard's extensive influence.

Adoption and Validation

Several leading companies have already had their science-based net-zero targets validated by the SBTi, demonstrating their commitment to climate action leadership and a habitable planet for future generations.

Conclusion

The Corporate Net-Zero Standard by the SBTi is a crucial tool for companies worldwide, offering a science-based, transparent path to achieving net-zero emissions and contributing to the global effort to combat climate change.