13 Achieving Global Net-Zero Through Beyond Value Chain Mitigation
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13 Achieving Global Net-Zero Through Beyond Value Chain Mitigation
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The Science Based Targets initiative’s (SBTi) sets out clear abatement requirements. It clarifies that most companies are expected to align their near-term emissions reductions with 1.5°C and make reductions of at least 90 per cent through long-term science-based targets to reach net-zero before 2050. The Standard also strongly recommends that companies take immediate action above and beyond their science-based targets to contribute to reaching global net-zero through beyond value chain mitigation. This philosophy refers to mitigation action or investments outside of a company’s value chain. This includes activities that avoid or reduce greenhouse gas emissions, and those that remove and store greenhouse gasses from the atmosphere.
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