The Science Based Targets initiative (SBTi) has released a second draft of its revised Corporate Net-Zero Standard for public consultation, incorporating extensive feedback from its first consultation and expert working groups. The updated draft seeks to strengthen scientific integrity while improving clarity, usability, and actionability, helping businesses turn net-zero commitments into credible action.
The proposed Standard introduces a simpler, more streamlined structure designed to make science-based climate action more accessible across sectors and geographies. It also aims to help companies set and implement ambitious targets that align with long-term climate goals.
Key revisions include:
- Net-zero as the guiding principle: Companies will be expected to align near-term actions in their operations and value chains with long-term climate goals and publish transition plans to achieve them.
- Scope-specific target-setting: A tailored approach for Scope 1, 2, and 3 emissions enhances integrity by recognising their distinct challenges and decarbonisation pathways.
- Flexible options for diverse corporate contexts: The draft provides multiple pathways for companies to prioritise emissions sources where they can drive the greatest impact.
- Recognition for early voluntary action: A new recognition mechanism will reward companies addressing ongoing emissions beyond core requirements.
- Emphasis on transparency: Clear guidelines for measuring and disclosing progress aim to improve accountability and ensure alignment with science-based ambition.
The public consultation will run from November 6 to December 8, inviting feedback from businesses, experts, and stakeholders to ensure the Standard is robust, credible, and practical.
SBTi CEO David Kennedy emphasised the importance of corporate engagement: “Businesses are driving global decarbonisation and will be key to achieving our climate objectives. By contributing to our consultation, stakeholders can help shape the future of corporate climate action and ensure the Standard helps companies turn ambition into impact.”
SBTi CTO Alberto Carrillo Pineda added: “This updated draft takes a step forward in making science-based climate action more inclusive and adaptable for businesses everywhere. Input from this consultation is vital to ensure the final Standard remains both credible and workable.”
The revised Corporate Net-Zero Standard will serve as SBTi’s flagship framework to guide companies worldwide in managing transition risks and opportunities while accelerating progress toward global net-zero targets.
