The Science Based Targets initiative (SBTi) has released the Terms of Reference of the major revision to the Corporate Net-Zero Standard outlining the objectives, scope, deliverables, provisional timeline, and opportunities for engagement during the standard revision process.

The SBTi has four key goals for the review of the Corporate Net-Zero Standard: 1) to align with the latest scientific thinking and best practice, such as from the IPCC and the UN Secretary General’s High Level Expert Group on the net zero emissions commitments of non-state entities (HLEG), 2) to address challenges related to scope 3 target setting and implementation, 3) to integrate continuous improvement and target delivery, and 4) to improve structure and enhance interoperability with other SBTi standards as well as other relevant external frameworks and standards.

See the new Terms of Reference HERE