Explained: Minor Revisions to the SBTi Corporate Net-Zero Standard, Corporate Near-Term Criteria and related resources

Resource

Overview of minor revisions

Corporate Net-Zero Standard V1.2

• Updated from V1.1 to V1.2.

• Glossary section moved to the new SBTi Glossary

• Revisions to reflect the updated SME definition.

• Revisions to reflect the release of the BVCM reports.

• Revisions to reflect the release of the new validation resources.

• Clarification of existing criteria and recommendations aligned with current validation practices.

• Addition of content previously contained within the Corporate Manual (this resource is now retired - see below).

• Addition of some content previously contained within the Target Validation Protocol (this resource is now retired - see new validation resources).

• Clarification of sector-specific requirements to increase visibility and accuracy.

Corporate Near-Term Criteria

• Updated from V5.1 to V5.2.

• Revisions to reflect the updated SME definition.

• Revisions to reflect the release of the new validation resources.

• Clarification of existing criteria and recommendations aligned with current validation practices.

• Clarification of sector-specific requirements to increase visibility and accuracy.

Corporate Net-Zero Tool

• Changed title to “Corporate Net-Zero Tool” (formerly called the Net-Zero Tool).

• Base year eligibility extended to 2023.

• User guide added to the Net-Zero Tool tab.

• Updated the Disclaimer and Terms of Use sections.

• Included a new sector applicability table in the “Read Me” section.

• Minor unit corrections throughout.

• Included references to new and updated SBTi resources. throughout.

Corporate Near-Term Tool

• Changed title to “Corporate Near-Term Tool” (formerly called the Target Setting Tool).

• Updated the Disclaimer and Terms of Use sections.

• User guides added to multiple sections of the tool.

• Included references to new and updated SBTi resources throughout.

• Minor technical corrections to rounded figures throughout.

Corporate Manual (retired resource)

• This resource has now been retired.

• Any information that was not transferred to the Procedure for Validation of SBTi Targets was included in the updated Corporate Net-Zero Standard (V1.2).