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Tom Wigley had a guest post on this not long ago, he argues it is more like 80%.

https://rogerpielkejr.substack.com/p/net-zero-does-not-mean-what-you-think

He makes a strong point, but it is not widely accepted.

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The sequestered CO2 can be estimated as the difference between total anthropogenic CO2 emissions and the change in CO2 atmospheric concentration. The number oscillates, and total CO2 emissions estimates are a rough number. But claiming that 80% is sequestered sure sounds like an exaggeration. Don't forget emissions include sources other than fossil fuel combustion and cement manufacturing.

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