Sustainability Flash Note: Take-aways from SBTi 2.0 webinar: Progress reports to take centre stage

Research evidence excerpt

Sustainability Flash Note: Take-aways from SBTi 2.0 webinar: Progress reports to take centre stage

J P M O R G A N Global Equity Research

14 July 2026

Sustainability Flash Note

Take-aways from SBTi 2.0 webinar: Progress reports to

take centre stage

On 14 July, SBTi hosted a webinar to introduce Version 2.0 of its Corporate Net-

Zero Standard. We provide our key take-aways below, as a complement to our

initial note (see here). In our view, the central question for investors remains:

how will they treat companies that hold SBTi-validated targets but report

limited progress due to external dependencies – and will investors be expected

to make their own judgment on whether a progress report reflects a genuine EMEA Sustainable Investing

best effort? We understand from comments made during the webinar that Research

SBTi is exploring a differentiated claims framework under which the type of Noemie de la Gorce, CFA AC

claim a company can make would depend on the outcome of its progress (44-20) 7134-4229

assessment, although details remain under development. noemie.delagorce@jpmorgan.com

Jean-Xavier Hecker

From ambition to action: The SBTi reiterated the strategic rationale behind the (33-1) 4015 4472

revision: helping companies manage transition risks and opportunities through a jean-xavier.hecker@jpmorgan.com

shift from ambition-setting to an action-focused framework. As we previously Hugo Dubourg

(33-1) 4015 4471

noted, this shift has been broadly welcomed by the investment community. SBTi hugo.dubourg@jpmchase.com

also reported that last year was a record year for new target submissions, with a

Global Coordinator of Sustainable

similar level expected this year and momentum broad-based across regions. Investing Research

Virginia Martin Heriz