Carbon accounting software company Normative, together with the Exponential Roadmap Initiative, is working on developing the Net Zero Score framework, which will provide enterprises with a scientific, standardized, and comparable way to measure progress toward net-zero goals. The score is developed with the support of business and academic advisors, including the Exponential Roadmap Initiative, Nordea, and Planet Mark.
The framework aims to capture the companies’ current net-zero performance in a single number and inform stakeholders about the percentage of verified reductions a business has achieved toward its net-zero target.
Complementing initiatives such as the Oxford Net Zero Tracker and the UN’s Race to Zero campaign, the Net Zero Score framework will offer a tool for investors, customers, researchers, businesses, and other stakeholders to evaluate a company’s emissions reduction progress in a comparable way.
In order to encourage transparency and wide adoption, the Net Zero Score will be open-source and publicly available.
The team behind the framework is currently consulting with experts in net-zero research, the UN Race to Zero partners, and private sector representatives. The framework will be first tested by participating partners in the beginning of next year.