On an organisational level, the quality of the net zero targets varies. While some companies have set ambitious goals that require deep emissions cuts, others have set modest commitments lacking detailed abatement planning.
The Science Based Targets Initiative’s (SBTi), a partnership of leading environmental organisations, created the Net Zero Standard to give substance to corporate targets. The guidance provides a common, robust, and science-based understanding of net zero and a methodology for companies to do their part in enabling a low-carbon global economy.
Reaching net zero in line with the Net Zero Standard must cover two further conditions:
- To achieve a scale of value-chain emission reductions consistent with the depth of abatement achieved in pathways that limit warming to 1.5°C with no or limited overshoot.
- To neutralise the impact of any source of residual emissions that remains unfeasible to be eliminated by permanently removing an equivalent amount of atmospheric carbon dioxide.
The private sector has the power to drive progress in the race against climate change. Read more about Ecohz’ sustainability solutions or contact our team of experts for personalised guidance on the journey to net zero.