Climate targets group trustees seek to calm governance storm
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Published date: 01/29/2025
- Location: 2231 Sz, Yukon, United Kingdom
SBTi issues 'clarification' to April 9 statement * Says Scope 3 offsetting plan to follow review process * Backed by a group of developing country stakeholders By Simon Jessop LONDON, April 12 (Reuters) - Trustees of a climate targets verification group at the centre of a governance storm on Friday sought to assuage concern over their plan to allow offsetting of companies' supply chain emissions.
The Science Based Targets initiative had initially laid out its plan in a statement on its website late Tuesday, slot online prompting staff and some technical advisors to write separate letters to the board criticising the move. Among the complaints was that the board had circumvented an established governance process and made a decision to allow offsetting of so-called Scope 3 emissions without the agreement of the broader group.
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