Companies with validated science-based targets that are required to submit a FLAG target (see page 15 of the SBTi FLAG Guidance), must do so within six months of the final GHG Protocol Land Sector and Removals Guidance release.
Companies setting science-based targets for the first time, or updating their existing targets, must set a FLAG target upon (re)submission - using the draft GHG Protocol Land Sector and Removals Guidance. This requirement also applies to companies submitting net-zero targets.
Companies that have their target setting and booked a validation slot before April 30, 2023, are not affected by this change.
Updated over 4 months ago