Achieving net-zero emissions is no longer just an environmental goal—it’s a strategic business imperative. Companies worldwide are under increasing pressure to set credible, science-based climate targets that align with global sustainability goals. That’s why the Science Based Targets initiative (SBTi)’s latest update to its Corporate Net-Zero Standard is such a positive step forward.
The newly released V2 draft provides businesses with a clearer, more structured framework to set and achieve their net-zero commitments. By refining key target-setting criteria and making the standard more accessible to companies of all sizes, this initiative helps ensure that sustainability remains both achievable and impactful.
With public consultation open until June 1, 2025, now is the time for companies to engage, provide feedback, and help shape a standard that will drive meaningful corporate climate action for years to come.
Key Updates in the Draft Standard
The proposed V2 draft introduces several important changes designed to enhance corporate net-zero commitments:
- Improved Target-Setting Frameworks: The draft outlines a clear structure for companies to set, assess, and renew their targets while ensuring long-term alignment with net-zero goals.
- Near-Term Carbon Removal Targets: Recognizing the urgency of climate action, the draft encourages companies to include interim carbon dioxide removal (CDR) targets before reaching net zero. This approach is intended to scale up the CDR industry in alignment with climate science.
- Simplified Requirements for Emerging Markets and SMEs: To make the standard more accessible, the draft includes streamlined requirements for small businesses and companies operating in developing markets.
Public Consultation and Stakeholder Engagement
SBTi is inviting input from businesses, policymakers, and environmental groups to refine the Corporate Net-Zero Standard V2. The public consultation period runs from March 18 to June 1, 2025. During this time, stakeholders can access the draft through SBTi’s Consultation Guide, attend webinars, and submit their feedback.
Impact on Businesses
For companies committed to achieving net-zero emissions, the updated standard provides a more rigorous and structured framework for setting and executing science-based climate targets. By incorporating stakeholder feedback, SBTi aims to strike a balance between ambition and practicality, ensuring that businesses can effectively implement sustainability strategies while maintaining long-term growth. The lead will in this tendency will be think out of the box with Data-Driven Solutions.
Conclusion
The release of the Corporate Net-Zero Standard V2 draft is a crucial step in global efforts to combat climate change. As companies navigate their decarbonization journeys, a well-defined, science-based standard will help ensure credibility and consistency in corporate climate commitments. Businesses and sustainability leaders are encouraged to participate in the public consultation process to help shape a framework that will guide corporate climate action for years to come.
For more details and to submit feedback, visit SBTi’s official consultation page. Link Here
