Analysis: Getting to Grips With SBTi’s Latest Draft Corporate Net-Zero Standard Proposals
The Science Based Targets initiative (SBTi) opened a consultation on the initial draft of its much-anticipated updated Corporate Net-Zero Standard (CNZS) last month, which includes consideration of interim CO2 removals (CDR) targets.
SBTi, the main arbiter of corporate climate targets, said the draft CNZS remains focussed on emissions reduction, but explores ways to incentivize the scaling of CDR and climate finance, as well as looking at how to deal with barriers to addressing "challenging" Scope 3 value-chain emissions.