![]() SBTi Corporate Net-Zero Standard: Provides guidance, criteria and recommendations to support corporates in setting net-zero targets through the SBTi.These were drafted, tested, and refined in collaboration with our partners and contributors from the scientific, business and civil society community. To support the target-setting process, the SBTi has developed key guidance materials. Companies should follow the mitigation hierarchy, and make these investments in addition to deep emissions cuts, not instead of them. There is an urgent need to scale up near-term climate finance to achieve net-zero before 2050. Climate finance beyond the value chain: The SBTi wants to incentivize and catalyze as much climate finance as possible from the private sector.A company is only considered to have reached net-zero when it has achieved its long-term science-based target and neutralized any residual emissions. Neutralize residual emissions: After a company has achieved its long-term target and cut emissions by >90%, it must use permanent carbon removal and storage to counterbalance the final Most companies must reduce emissions by more than 90%. Set long-term targets: The Net-Zero Standard also requires companies to set long-term science-based targets to cut all possible emissions before 2050.Halving emissions by 2030 must be the overarching priority for companies. Prioritize rapid, deep emission reductions by setting near-term targets: Rapid, deep cuts to direct and indirect value-chain emissions are the most effective, scientifically-sound way of limiting global temperature rise to 1.5☌.Key components of the Corporate Net-Zero Standard It includes the guidance, criteria, and recommendations companies need to set science-based net-zero targets consistent with limiting global temperature rise to 1.5☌. The SBTi’s Corporate Net-Zero Standard is the world’s only framework for corporate net-zero target setting in line with climate science.
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