Go beyond the value chain: The SBTi recommends companies to go further by making investments outside their science-based targets to help mitigate climate change elsewhere.At that point, a company must use carbon removals to neutralize any limited emissions that cannot yet be eliminated Most companies are required to have long-term targets with emission reductions of at least 90% by 2050. No net-zero claims until long-term targets are met: A company is only considered to have reached net-zero when it has achieved its long-term science-based target.By 2050, organizations must produce close to zero emissions and will neutralise any residual emissions that are not possible to eliminate This means making rapid emissions cuts now, halving emissions by 2030. Set near- and long-term targets: Companies adopting the Net-Zero Standard are required to set both near-term and long-term science-based targets. Most companies will require deep decarbonization of at least 90% to reach net-zero under the Standard The Net-Zero Standard covers a company’s entire value chain emissions. This is the central focus of the Net-Zero Standard and must be the overarching priority for companies. Focus on rapid, deep emission cuts: Rapid, deep cuts to value-chain emissions are the most effective, scientifically-sound way of limiting global temperature rise to 1.5☌.Key requirements of the Net-Zero Standard
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