SBTi updates Corporate Net Zero Standard: Key changes businesses need to know
By
Michael Holder
Summary
The Science-Based Targets initiative (SBTi) has released its long-awaited updated Corporate Net Zero Standard, setting new requirements for businesses to align their climate targets with science. The update introduces stricter guidelines for emissions reduction, including more detailed requirements for Scope 3 (supply chain) emissions, new criteria for carbon credits and offsets, and enhanced transparency and accountability measures. Businesses need to understand the updated timelines, the increased rigor around near-term and long-term targets, and the implications for corporate climate strategy and reporting.
Source
bskySBTi updates Corporate Net Zero Standard: Key changes businesses need to knowbusinessgreen.comKey quotes
· 3 pulledThe updated standard represents a significant step forward in aligning corporate climate action with the latest climate science.
Businesses will need to move quickly to understand the new requirements and adjust their climate strategies accordingly.
The SBTi has made it clear that credible net zero targets must be backed by robust, science-based emissions reduction plans.
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