World Energy’s Take on SBTi’s Corporate Net-zero Standard v2.0
SBTi’s recently published Corporate Net-zero Standard v2.0 is a positive step forward for “insets,” which are emission reductions within a company’s value chain. World Energy applauds this development because it provides “hard-to-abate” sectors like aviation, steel, and chemicals with a way to mitigate emissions when they can’t be avoided.
With the draft guidance, SBTi recognizes that companies in these industries, and companies whose supply chains include these industries, may have no other option to address their emissions because “direct traceability is not possible or because persistent barriers prevent mitigation at the source.”
