Net zero
State in which a company has reduced emissions as much as possible and fully neutralised the remaining residual emissions.
Net zero means that a company radically reduces emissions in line with climate science (typically by at least 90 % vs. baseline) and neutralises the remaining residual emissions through high-quality carbon removals.
The term is often wrongly conflated with "carbon neutral". The SBTi Net-Zero Standard makes clear that offsets cannot substitute reductions.