New net zero score framework announced

Normative and the Exponential Roadmap Initiative have announced their ongoing work on a new assessment framework that will provide companies with a scientific, standardized and comparable way to measure progress towards net-zero emissions. It is an open-source, public framework developed with the support of expert academic and business advisors, including the Exponential Roadmap Initiative, Nordea and Planet Mark.

“As net-zero target dates approach, we need ways to measure and incentivize the accuracy of the data alongside reported progress, or risk our global goal of limiting the temperature to 1.5C , to be seriously missed,” says Kaya Axelsson, Policy Engagement Lead at Oxford Net Zero, who advises the project in her personal capacity.

“Corporate emissions reports are required by law around the world, but there is no standard framework for sharing the critical information contained in those reports,” said Kristian Rönn, CEO and co-founder of Normative

Legislation in this area is expanding in the UK, US and EU and measuring emissions is vital for businesses to be compliant. Emissions measurements also help companies improve brand equity by validating the results of sustainability work.

To enable companies to share their progress towards net-zero emissions, Normative consults with leading experts in net-zero research, the UN’s Race-to-Zero partners and the private sector. The framework will be tested for the first time by participating partners in early 2023.

At the international climate conference COP27, Normative will initiate the discussion on the Net Zero Score together with a large number of interest groups.

The score captures the companies’ current carbon performance in a single number, determined based on the accuracy of the data used for the emissions calculations and the company’s progress towards net zero. The score thus measures the extent to which a company’s annual reduction efforts are on track to achieve the net-zero target agreed with the Paris Agreement by 2050. Complementing the work of Oxford Net Zero’s Net Zero Tracker and the United Nations’ Race to Zero, which assess the qualitative integrity of corporate goals, the Net Zero Score Framework will be a tool for investors, customers, researchers and companies to track the progress of Evaluate emission reductions in a comparable way. The framework will be open source and publicly available to encourage wide adoption and full transparency.

The methodology is based on four basic principles:

  1. Net Zero Focus: Measuring progress towards net-zero emissions under the Carbon Law principle, which requires emissions to be halved every ten years and reach net-zero by 2050 at the latest.
  2. Completeness: reflects all economic activities in all three application areas defined in the GHG protocol.
  3. Reliability: reflects the reliability of the methods and data sources used to estimate a company’s progress towards net zero.
  4. Transparency: The methodology behind the score will be fully transparent and available to everyone.

Companies committed to net zero are invited to contact Normative for further discussions.

“Today, companies report their emissions in different ways, making it difficult to compare their climate performance. The score makes the net-zero climate performance of your company comparable in a single score,” concludes Rönn.

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