Strategic Focus: Designing An SBTi-Ready Net Zero Strategy

Executive Summary

Climate change mitigation depends on global commitments to net zero. As the pressure to reduce carbon emissions intensifies, firms are seeking the validation of the Science Based Targets initiative (SBTi) Net-Zero Standard for their science-based roadmaps to decarbonization. Target validation by the SBTi implies a generation of commercial value and trust. However, the SBTi Standard is not exempt from criticism, and firms may find limitations to its methodology and requirements. Organizations need to address the complexities surrounding carbon reduction and neutralization to create a successful net zero strategy. This report examines the challenges of the SBTi and recommends key steps to ensure a realistic and credible roadmap to net zero.