Jeff Bezos Former CEO & Founder , Amazon
SBTi has done “ a tremendous job as an incubator , but “ now it is time for standard setters , regulation and financial auditors to bring credible transition plans to scale ”.
WWF , one of the organisations which co-founded the SBTi , issued a statement criticising parts of the SBTi ’ s approach .
It said : “ Offsets cannot be a substitute for reducing emissions from company operations , products and value chains .”
The background The storm was initially whipped up by the SBTi Board of Trustees , which said in a statement in April : “ SBTi recognises that , when properly supported by policies , standards and procedures based on scientific evidence , the use of environmental attribute certificates for abatement purposes on Scope 3 emissions could function as an additional tool to tackle climate change .
“ Consequently , SBTi has decided to extend their use for the purpose of abatement of Scope 3 related emissions beyond the current limits .”
It has strong support from The Bezos Earth Fund , a key SBTi supporter , which was created by a commitment of US $ 10bn from Jeff Bezos in 2020 to be disbursed as grants to address climate and nature within the current decade .
To critics , the fund seemed to be advocating a change that prioritises greenwashing over genuine sustainability
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