The Corporate Net-Zero Standard from the Science Based Targets initiative (SBTi) provides a science-based framework for companies to align with the Paris Agreement’s goal of limiting global warming to 1.5°C.
The requirements include near-term, long-term targets and sector-specific guidance.
The Corporate Net-Zero Standard version 2.0 introduces a new company categorisation; a new validation model; an enhanced target-setting framework; beyond value-chain mitigation (BVCM); and the introduction of three proposals to address residual emissions.
Key changes Recognising the challenges faced by smaller businesses and companies in developing economies, the new framework introduces a two-tier categorisation system based on company size and geography. The new structure simplifies requiremen…
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