The Science Based Targets initiative (SBTi) updated its Corporate Net-Zero Standard v2.0, introducing Ongoing Emissions Responsibility (OER) guidelines that recognise landscape interventions as valid Scope 3 decarbonisation measures. This update elevates insetting to a standardised carbon dioxide removal requirement for land-dependent industries. Corporations like Nestlé, Danone, and Mondelēz face challenges managing land-based Scope 3 emissions, as external carbon offsets do not fulfil near-term climate targets under SBTi Forest, Land and Agriculture (FLAG) rules. Companies are deploying biochar for insetting, which sequesters carbon and enhances soil fertility, with examples including Exomad Green's field trials in Bolivia and Better Cotton's partnership with Planboo. This strategy helps companies meet SBTi carbon removal requirements and secure resilient supply chains ahead of the 2035 OER enforcement deadline.
Read the original at Biochar Today →← All carbon market news