Companies are ‘very struck’ by SBTi’s net-zero standard draft changes
This article focuses on the Science Based Targets initiative (SBTi) and the significant revisions proposed in its latest draft of the Corporate Net-Zero Standard, as well as the implications these changes may have on corporate sustainability practices and renewable energy procurement strategies. SBTi aims to align corporate climate goals with the latest climate science, and this update seeks to shift efforts from “ambition to action.” However, many large companies have expressed concerns over the draft, particularly regarding the vague and inconsistent approach to regulating and standardizing scope 2 emissions.
The article also addresses the essence of ESG and the misguided backlash against it. ESG, according to Boyle, is not a matter of choice but an unavoidable aspect of corporate operations—some companies manage it well, others poorly. It is natural for investors to favor companies that excel in environmental, social, and governance practices. As for evolving regulations in the U.S. and EU, along with growing tariff concerns, Boyle acknowledges that many clients feel uncertain and uneasy, leading to a slowdown in investments and sustainability efforts—ultimately affecting both the economy and climate action progress.
In conclusion, the article highlights the gap and ongoing dialogue between businesses and policymakers in the field of sustainability, calling for standards that are more closely ali
