The Science Based Targets initiative (SBTi) has launched a process to develop a science-based global standard for setting corporate net zero targets.
The development of the first science-based global standard for corporate net-zero targets is to ensure that companies’ net-zero targets translate into action that is consistent with achieving a net-zero world by no later than 2050. Although companies may offset their emissions as they transition to net zero, climate science means they will still need to reduce carbon emissions to reach the final destination.
For the past five years, the SBTi has pioneered translating climate science into a framework that allows companies to set ambitious climate targets, and that allows for independent assessment of these targets based on a set of robust criteria and transparent validation protocols. As of August 2020, close to 1,000 companies were setting science-based GHG emission reduction targets through the Science Based Targets initiative. Learn more.
Find out how to join the Race to Zero here.