SBTi Corporate Net Zero Standard 2.0: granularity, Scope 3 flexibility and climate target monitoring
The new standard no longer requires a 90% reduction in Scope 3 emissions.
The Science-Based Targets Initiative (SBTi) has released a much anticipated draft update of its Corporate Net Zero Standard, which introduces more granularity in target setting and a requirement to disclose progress against climate targets.
Sustainability leaders have waited for this draft with high anticipation ever since the SBTi suggested that it might allow for a greater use of carbon credits to meet Scope 3 decarbonisation goals in April 2024.
