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VCM Series • FLAG Guidance

SBTi FLAG Guidance V1.2: What Companies Need to Know

A comprehensive guide to setting science-based targets for Forest, Land and Agriculture emissions, understanding applicability criteria, coverage requirements, and no-deforestation commitments.

By Climate Decode • 10 min read

>20%
Companies that must set FLAG targets from FLAG sectors
11
Commodity-specific pathways available
2030
No-deforestation commitment deadline
In This Article
What is FLAG?What's New in V1.2GHG Protocol ConnectionCoverage & ExclusionsOffsets & RemovalsClimate Decode Support
1

What is the SBTi FLAG Guidance?

The Forest, Land and Agriculture (FLAG) Guidance is the SBTi's framework for setting science-based targets on land-related greenhouse gas emissions. It addresses a historically difficult-to-quantify area: the emissions and removals associated with agriculture, forestry, and land use change collectively known as AFOLU (Agriculture, Forestry and Other Land Use).

AFOLU represents approximately 22% of net anthropogenic GHG emissions (~13 GtCO₂e per year), with roughly half from agriculture and half from land use change and forestry. The land sector could contribute up to 37% of the emission reductions and removals needed through 2030. The FLAG Guidance provides companies with the criteria, tools, and pathways to set targets consistent with limiting global temperature rise to 1.5°C.

“FLAG targets are separate from and complementary to your energy/industry (non-FLAG) SBTs. You need both. FLAG abatement cannot be used to meet fossil fuel reduction targets, and energy/industry reductions cannot be used to meet FLAG targets.”

Critical Requirement

FLAG targets have been mandatory since April 30, 2023 for companies setting or updating SBTs. Companies with existing validated SBTs but no FLAG target must add one at their five-year review submission.

The FLAG Guidance was first published in September 2022 (V1.0), updated in December 2023 (V1.1), and has now been urgently revised to Version 1.2 (March 2026).

2

What's New in Version 1.2

Version 1.2 of the FLAG Guidance (March 19, 2026) represents a major update released under special circumstances. Key changes include:

Criterion C4

Flexible No-Deforestation Deadline

The original hard deadline of 2025 has been replaced with a flexible framework: target date no later than 2 years after FLAG submission, maximum 31 December 2030.

GHG Protocol Alignment

New Standard Alignment

Full alignment with the GHG Protocol Land Sector and Removals Standard (V1.0, January 2026), now the primary accounting backbone for FLAG target-setting.

Criterion C1

Revised Applicability

Updated criteria and clearer language on which companies are required to set FLAG targets, including the 20% emissions threshold based on gross (not net) emissions.

LUC Accounting

Updated Baselines

Updated land use change accounting with 20-year discounting period and enhanced traceability requirements for supply chain commodities.

These updates ensure FLAG targets remain aligned with the latest climate science and accounting standards while providing companies with more flexibility in execution timelines.

3

The GHG Protocol Connection

Version 1.2 of the FLAG Guidance aligns with the newly released GHG Protocol Land Sector and Removals Standard (V1.0, January 2026), which serves as the primary accounting backbone for FLAG target-setting.

This new GHG Protocol standard provides harmonized methodology for quantifying land-sector emissions and removals, detailed guidance on permanence and additionality, framework for linking to both scope 1 and scope 3 boundaries, and requirements for traceability and data quality across supply chains.

Land Use Change Categories

dLUC (Direct LUC)

Emissions from land conversion directly driven by company production (e.g., farm-level deforestation for crop production)

sLUC (Subsequent LUC)

Emissions from land conversion caused indirectly by company production (e.g., displacement effects in global commodity markets)

iLUC (Induced LUC)

Broader system-level land use changes induced by market shifts due to company activities. Typically calculated with a 20-year discounting period.

Validation Requirement: All SBTi FLAG target validation submissions must now reference and comply with the GHG Protocol Land Sector and Removals Standard.

This alignment ensures greater consistency in land-sector accounting across all SBTi submissions and enhanced credibility through recognized GHG Protocol methodologies.

4

What's Covered & What's Excluded

Understanding FLAG boundaries is critical for accurate target-setting. The framework covers specific emissions and removals while explicitly excluding others:

Emissions and Removals Covered

Scope 1: Direct

Livestock emissions (enteric fermentation, manure), soil carbon from crop/pasture management, on-farm fuel, liming, urea application.

Scope 1: Land Use Change

Emissions and removals from deforestation, forest degradation, wetland drainage/restoration, afforestation on managed land.

Scope 3: Indirect

FLAG emissions in supply chains: livestock, crop cultivation, fertilizer production, LUC in supplier operations (palm, soy, beef, timber).

Removals: Active

Forest management, agroforestry, soil carbon enhancement, regenerative agriculture — with permanence and traceability per GHG Protocol.

What's Excluded

Bioenergy

Handled separately under SBTi bioenergy criterion (C10). Not included in FLAG accounting.

Post-Farm Gate

Transport, processing, storage, distribution emissions go in energy/industry GHG inventory.

Product Carbon Storage

Carbon stored in products (timber buildings) not included in FLAG targets.

Technology Removals

Direct air capture and tech-based removals outside FLAG scope and cannot meet targets.

Coverage Thresholds

FLAG targets must cover at least 95% of scope 1 FLAG-related emissions and at least 67% of scope 3 FLAG-related emissions. These are separate from energy/industry thresholds — both must be met independently.

5

Carbon Credits, Offsets & Removals

This is one of the most consequential aspects of the FLAG framework. The short answer: No — purchased carbon credits cannot be used as offsets to meet near-term FLAG targets.

No Purchased Offsets

Companies cannot use purchased carbon credits from the voluntary carbon market to meet near-term FLAG or energy/industry targets.

Only In-Chain Removals

Removals can only be included if on land owned/operated by company or within supply chain with GHG Protocol permanence requirements.

Long-Term Targets

Purchased carbon credits may be used for long-term FLAG targets (2050), but not near-term (2030).

What Counts

Removals must be real, additional, permanent (with buffers), verifiable, not double-counted. Baseline and additionality must be demonstrated.

“The distinction is critical: reduction targets are met through operational changes. Neutralization (addressing residuals) uses verified removals, not purchased offsets.”

Beyond Value-Chain Mitigation / OER

The FLAG guidance references beyond value-chain mitigation (BVCM) — now reframed as Ongoing Emission Responsibility (OER) under SBTi Net Zero Standard V2. These investments are encouraged but do NOT count toward FLAG near-term targets. They represent additional climate contribution outside your core target pathway.

6

How Climate Decode Supports FLAG Implementation

Climate Decode's Canopy platform provides comprehensive support for FLAG target-setting, from initial applicability screening through validation-ready documentation and ongoing implementation.

A

FLAG Target-Setting Advisory

Applicability & Pathway

Determine applicability, assess FLAG-C1 criteria, map commodity exposure, model sector and commodity pathways, develop no-deforestation strategy.

B

Value Chain Implementation

Boundary & Execution

Map supply chain land-use emissions, identify traceability gaps, build supplier engagement strategy, align with GHG Protocol standards.

C

TNFD Reporting Support

Nature & Compliance

Integrate FLAG target-setting with TNFD (Task Force on Nature-related Financial Disclosures) reporting, biodiversity risk assessment, ecosystem impact analysis.

D

Land Use GHG Accounting

Quantification & Monitoring

Quantify emissions using GHG Protocol LSR standard, model LUC categories (dLUC, sLUC, iLUC), track removals with permanence assurance, annual monitoring.

Platform + Expert Advisory

Canopy integrates digital tools with expert advisory to develop and execute a holistic FLAG strategy. From initial applicability screening through boundary mapping, pathway modeling, vendor engagement, GHG Protocol LSR compliance, and validation-ready submission, Canopy provides the transparency and operational efficiency needed to set credible, science-aligned FLAG targets with confidence.

Ready to Set Your FLAG Targets?

Climate Decode Canopy supports every stage of FLAG implementation—from applicability screening to GHG Protocol-aligned accounting to validation-ready reporting.

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