The Launch of SBTi’s ‘Net-Zero Standard’

Today, the very first science-based framework for companies to set net-zero targets is launched by the Science-Based Targets initiative (SBTi), named: ‘The Net-Zero Standard’. What role will this framework play in the corporate world and how will the Standard contribute to the low carbon economy transition? What to expect?

The SBTi’s new Net-Zero Standard is the world’s first framework for corporate net-zero target setting in line with climate science, providing the guidance and tools companies need to set solid science-based net-zero targets.

Companies are now able to set verified net-zero targets through the SBTi. The Standard provides a common, robust, science-based understanding of net-zero. It provides clarity of – and confidence in – near and long term decarbonization plans that are aligned with climate science and will help put the world on a more sustainable footing.

In summary, science-based corporate net-zero targets will require:

  • Emissions reductions in line with a global temperature increase of 1.5°C before 2050;
  • Near-term targets and rapid action to reduce emissions over 5-10 years in line with 1.5°C;
  • Long-term deep decarbonization of 90-95% across all scopes before 2050;
  • Limited dependence on carbon removals to neutralize emissions that cannot yet be eliminated (5-10%);
  • External verification of corporate net-zero targets and annual progress reporting.

 

Stay tuned, as we will introduce you to the Standard in the weeks ahead and elaborate on how to set robust net-zero targets as a company and get it right.

Author
Marit Luijckx

Marit Luijckx

Marketing & Communications, Sustainalize

In collaboration with
Pascalle Kok

Pascalle Kok

Marketing & Communications Manager, Sustainalize

Interesting reads:

Published on: 27 October 2021

Share this article
Share on facebook
Share on twitter
Share on linkedin
Share on email

Other news in this category

Met OV

Phasellus dignissim nulla tincidunt ultrices interdum. Nulla a enim ullamcorper, consectetur ligula sit amet, rutrum ante. Praesent cursus viverra urna ut sagittis. Sed nunc felis, hendrerit sit amet odio a, mattis laoreet mi. Quisque diam turpis, convallis at ultrices eu, vehicula a urna. Suspendisse potenti.

Met OV

Phasellus dignissim nulla tincidunt ultrices interdum. Nulla a enim ullamcorper, consectetur ligula sit amet, rutrum ante. Praesent cursus viverra urna ut sagittis. Sed nunc felis, hendrerit sit amet odio a, mattis laoreet mi. Quisque diam turpis, convallis at ultrices eu, vehicula a urna. Suspendisse potenti.

Met OV

Phasellus dignissim nulla tincidunt ultrices interdum. Nulla a enim ullamcorper, consectetur ligula sit amet, rutrum ante. Praesent cursus viverra urna ut sagittis. Sed nunc felis, hendrerit sit amet odio a, mattis laoreet mi. Quisque diam turpis, convallis at ultrices eu, vehicula a urna. Suspendisse potenti.