French retail giant Carrefour opts for ACT Initiatives over SBTi for its net-zero pathway. (Photo: iStock)
Following the removal of 239 companies' net-zero commitments by the Science Based Targets initiative (SBTi) last year, an investigation by an online media outlet reveals that only 7% of those companies have obtained SBTi validation for their net-zero targets. Some firms have chosen to pursue alternative standards, while others are taking a wait-and-see approach as SBTi updates its own criteria.
SBTi no longer sole net-zero standard for companies
According to a study by U.S.-based sustainability media group Trellis, just 17 out of the 239 delisted companies have had their targets revalidated by SBTi over the past year. While some may still be undergoing the validation process, most are still labeled “Commitment Removed” on SBTi’s website.
