No. Currently, these targets can be based on different timelines and include different types of emissions – for instance, many companies do not yet include scope 3 (value chain) emissions, which are associated with supply chains and how products and services are distributed and used.
There’s some good news, though: the Science Based Target Initiative (SBTi ), which is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wildlife Fund (WWF), is working on a science-based standard for net-zero target setting. Having a global standard will make it easier for investors, customers, and other stakeholders to compare and differentiate between companies.