Definition 1
Gross Zero Target means the reduction of all of [the Company's] greenhouse gas emissions from all sources to zero by [specified date].
Definition 2
Gross Zero Target means an absolute reduction in Greenhouse Gas Emissions from 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
Most 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.
Option 1
The words 'all sources' 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'.