Corporate Net-Zero Standard V2 Second Public Consultation
Explore the second draft of the Corporate Net-Zero Standard V2 with our digital consultation guide.
Explore the draft standard
- 01 Getting started
- 02 Take part in the public consultation
- 03 Key elements at a glance
- 04 Key resources
- 05 Draft Standard Chapter 1: Net-Zero Ambition
- 06 Draft Standard Chapter 2: Base Year Assessment
- 07 Draft Standard Chapter 3: Target Setting
- 08 Draft Standard Chapter 4: Taking Responsibility for Ongoing Emissions
- 09 Draft Standard Chapter 5: Assessing Performance and Renewing Targets
- 10 Draft Standard Chapter 6: SBTi Claims
- 11 Frequently asked questions
Draft Standard Chapter 5: Assessing Performance and Renewing Targets
Background
Clear and transparent communication of performance against targets strengthens credibility by demonstrating measurable progress toward net-zero goals. While companies are expected to make best efforts to achieve their targets, they should also disclose any deviations openly, explain the underlying causes, and outline corrective actions to realign with their net-zero trajectory. This principle applies both to annual performance reporting and at the end of each target cycle. Companies should assess progress and establish new targets, ideally before the current cycle concludes, and subsequently publish an end-of-cycle performance report.
Companies regularly report on their progress, assess and transparently disclose their performance against targets, and set new targets to ensure continued alignment with their net-zero transition.
View the consultation draft criteria and recommendations below, or download the full consultation draft. You may then respond to the consultation survey.
Draft criteria and recommendations
5. Assessing performance and renewing targets (CNZS-C30 through CNZS-C34)
Chapter 5 of the updated draft Standard keeps the same proposed requirements for public reporting on target metrics, scope 1, 2 and 3, as in the previous draft. It also maintains certain events that trigger required target recalculations. The only newly proposed requirement is on reporting dependencies and barriers to achieving targets.
Annual progress reporting reinforces transparency as a driver of accountability, requiring companies to disclose and explain any deviations from planned trajectories and to outline corrective actions to remain aligned with their net-zero ambitions. Companies are expected to set new targets for the following period before or at the end of each target cycle, and to undertake performance assessments to support claims of continued progress toward net-zero.