SBTi Launches Draft Net-Zero Standard To Expand Corporate Climate Action

SBTi has launched a public consultation on its draft Corporate Net-Zero Standard V2, proposing major updates to how companies set and report climate targets. The draft introduces more flexible approaches for addressing scope 3 emissions, including green procurement and revenue-based targets for high-emitting value chains. It also separates scope 1 and scope 2 requirements, while proposing a transition to low-carbon electricity by 2040. The draft further explores formal recognition of Beyond Value Chain Mitigation and possible interim carbon removal targets, while maintaining direct emissions reductions as the core principle. Simplified requirements for SMEs and emerging markets are also proposed. The consultation runs from March 18 to June 1, with final revisions informed by stakeholder feedback and pilot testing.
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