BUSINESS AMBITION FOR 1.5°C CAMPAIGN - Final report

The feedback received from companies will feed into the revision of the Corporate Net-Zero Standard and the learnings from the Commitment in the campaign will inform the role and function they play within companies in setting targets, including issues faced and support needed in delivering them on time. [...] The revision of the Corporate Net-Zero Standard should factor in learnings from the campaign and the role Commitments play and the support needed by companies to set and submit targets for validation. [...] Companies play a critical role in the real-world operationalization of decarbonization targets and their experience and knowledge could inform the development of standards that will serve the companies of the future. [...] The leadership demonstrated by these early at the Technical Council, the SBTi has developed movers may have encouraged more companies to Conflict of Interest and Conflict of Loyalty policies set science-based targets and contributed to the and a Principles for the Codes of Conduct. [...] Specifically, the needs highlighted included robust standards Learnings from the campaign as well as from inputs and technical guidance to enable businesses from the wider ecosystem and companies as part of to understand by how much and at what pace a formal process will inform a major revision of the they need to decarbonize and the importance of Corporate Net-Zero Standard in 2025.