MAIN CHANGES DOCUMENT Corporate Net-Zero Standard V1.2 Corporate Near-Term Criteria

INTRODUCTION This document identifies the main changes made to the Corporate Net-Zero Standard from V1.1 to V1.2, to the Corporate Near-Term Criteria from V5.1 to V5.2, and to other related technical resources (i.e. [...] As part of this non-substantive revision the content previously contained in the Corporate Manual has been moved to either the Corporate Net-Zero Standard or the Procedure for Validation of SBTi Targets in order to reduce repetition and streamline SBTi resources for greater clarity. [...] Background to NZ 1.3 Who should use the Corporate Administrative Text updated to reflect the SBTi’s new definition of the Corporate Net-Zero Standard? update SMEs and to provide links to the updated SME Net-Zero Standard NT Introduction definition and SME FAQ. [...] Deletion of Table 5 from V1.1 of the Corporate Net-Zero Standard as the information presented in the table is now provided in the body of the text in Annex B of V1.2. [...] Updating and communicating Simplification or The Updating and communicating targets section of communicating targets harmonization V1.1 of the Corporate Net-Zero Standard has been targets moved to the Communications Guide for Companies and Financial Institutions.