The nuances of climate targets will differ between companies and industries, however one fact remains true regardless, it is only the targets which align ambition with a credible strategy that will deliver impact.
In the last few years net zero has become the guiding principle for action on climate change. The simplicity of this phrase is seen by many as a helpful antidote to the complexity of communicating climate science, while others view it as being riddled with loopholes. On October 28th, the Science-Based Targets initiative (SBTi) launched the Net Zero Standard that redefines what a credible net zero target looks like and clarifies the key role of decarbonisation in corporate net-zero strategies.
You can download a full guide that answers questions like the difference between carbon neutral and net zero, the role of offsets and what a reasonable timeline looks like here.
Below is a list of companies whose net zero targets have been independently validated by the SBTi:
- Ørsted: Net zero by 2040
- Wipro: Net zero by 2040
- AstraZeneca: Net zero by 2045
- Dentsu International: Net zero by 2040
- JLL: Net zero by 2040
- CVS Health: Net zero by 2050
- Holcim Ltd: Net zero by 2050
- Klockner & Co: Net zero by 2050
- Hellenic Cables: Net zero by 2050
- Jacobs: Net zero by 2040
What you can do next
The SBTi Net-Zero Standard provides an important tool to help corporates adopt the deep-decarbonisation route that not only tackles climate change but also reaps the commercial benefits of more resilient supply chains, better risk management, increased customer loyalty, and talent attraction.
Carbon Intelligence is the UK’s leading science-based targets consultancy and our provide advice on various net zero frameworks. If you are looking for help setting a net zero target or a creating a credible plan to get there please get in touch at firstname.lastname@example.org