The time to shape the future of corporate climate action and increase corporate support for high-impact clean energy is now.
The public consultation period is currently underway for stakeholders to provide comments on proposed changes to the two principal frameworks for corporate greenhouse gas emission-related target setting and reporting: Science Based Targets Initiative (SBTi) and Greenhouse Gas Protocol (GHGP). Energy Peace Partners (EPP) has made substantive contributions informing both processes through the respective seats we have on the SBTi and GHGP’s “Scope 2” technical working groups.
For context, SBTi serves as the principal framework for voluntary corporate emission reduction target-setting and GHGP serves as the principal framework for corporate greenhouse gas emission accounting. Companies set their emission reduction targets and strategies based on SBTi and report emission reductions based on GHGP.
These revision processes offer a once-in-a-decade opportunity to reform legacy imbalances and expand energy access by introducing new incentives that finally allow companies to “count” their support for high-impact clean energy projects toward their SBTi targets and GHGP inventory reporting. Unfortunately, the proposed revisions to SBTi and GHGP do not fully capture these opportunities and introduce new risks for voluntary corporate climate action. The proposed SBTi and GHGP revisions would perpetuate a recurring blind spot when it comes to encouraging corporate support for and investments in projects that drive maximum avoided emissions to the atmosphere and expand energy access in under-electrified regions.
There is still time to contribute to these public consultations and help get things back on-track. There are many reasons for different stakeholders to participate and submit survey responses for both, including:
Clean energy project developers: Protect and expand incentives for selling energy attribute certificates (EACs) like P-RECs to the maximum number of possible number of buyers to maximize revenue and support new project development
Clean energy buyers: Protect and expand the menu of clean energy procurement options to support clean energy projects and systemic grid decarbonization globally to achieve business and sustainability goals
Nonprofits: Protect and expand incentives to channel the maximum amount of corporate procurement spending to support clean energy projects everywhere, including fragile regions with the lowest electrification levels
Policymakers and regulators: Protect and expand incentives to crowd-in the maximum possible corporate investment in clean energy and channel more of this investment to displace the most carbon-intensive generation resources and expand energy access for local populations
EPP developed recommended responses to make it easier for stakeholders like you to submit responses to the SBTi and GHGP public consultation surveys. You can find more details below.
SBTi Corporate Net Zero Standard (CNZS)
12 December 2025 deadline
Review Draft CNZS revisions
Submit comments through the public consultation survey
Consider using EPP’s guidance and template responses for SBTi’s CNZS survey
GHGP Scope 2 & Consequential Emissions Impact 31 January 2026 deadline
Review draft Scope 2 revisions and draft Consequential Emissions Impact revisions
Submit comments separately through the Scope 2 survey and the Consequential Emissions Impact survey
Consider using EPP’s template responses for GHGP’s Scope 2 & Consequential Emissions Impact surveys
EPP encourages as many stakeholders as possible to get involved to help ensure both SBTi and GHGP strengthen incentives for clean energy that maximizes decarbonization impact and expands energy access. Please submit your responses for both processes before the respective deadlines.
If you have any questions or concerns, please contact Doug Miller, EPP’s Director of Market Development, at dmiller@energypeacepartners.com.