Definition 1
Gross Zero Target means an absolute reduction in [the Company’s] Greenhouse Gas Emissions from [all sources] [all operations [including its value chain]] to zero by [a specified date] and for each subsequent year thereafter.
Drafting notes and guidance
Net Zero v Gross Zero
Many countries, cities, companies and other entities are setting net zero targets rather than gross zero targets. This is because net zero targets allow both:
- a reduction in greenhouse gas emissions; and:
- offsetting any emissions that cannot be reduced; and/or
- balancing emissions with direct removals.
Option 1
The words ‘all sources’ are intended to refer to Scope 1, 2 and 3 Emissions. If you intend that the definition refers to only one or two of these categories of emissions, you will need to amend the reference to ‘all sources’ to instead specify the relevant emission categories.