- Step 1: Understand the fundamentals of net zero target
- Step 2: Shape short and long-term targets to define your net zero commitment
- Step 3: Turn your targets into action
- Learn more
Get third party validation for your target
Third-party validation of your target can support the credibility of your ambition. Targets should be developed towards a particular standard, as requirements vary between groups. It is also important to select a third-party group that has rigorous criteria, so the validation enables you to differentiate your company from other companies.
SBTI net zero is best in class
SBTI validation is best-in-class. If you have set your ambition and targets aligned with SBTI guidance, you should follow the steps below to fully benefit from net zero rigor:
Prepare a commitment letter confirming the interest to have a target independently verified against SBTI criteria.
Create a target in line with the SBTI criteria and guidance. Companies have up to 24 months to set a target after submitting the commitment letter.
Provide the target for external validation by the SBTI’s Target Validation Team (TVT), whose validation protocol should be reviewed before submitting. Validation can take up to 30 business days after submission.
Upon validation, publicly disclose the approved ambition. Companies have up to six months to announce validated targets publicly.
Following approval, report emissions and monitor progress against targets annually. Best practice is to disclose via CDP, annual and sustainability reports.
Further validation pledges or industry specific groups
There are several other voluntary initiatives and collective pledges emerging to gather organizations committing to align to global net zero efforts. Step 3 summarizes the most prominent global groups.