SBTi staff have expressed strong disapproval of a newly implemented plan that permits companies to use carbon offsets to achieve their climate targets. The staff contend that this plan will facilitate greenwashing and will not result in a measurable reduction in greenhouse gas emissions and has called for the resignation of CEO Luiz Fernando do Amaral and board members who supported the decision. The statement read: “We stand ready to support any efforts aimed at ensuring that the SBTi does not become a greenwashing platform where decisions are unduly influenced by lobbyists, driven by potential conflicts of interest and poor adherence to existing governance procedures. In the event that our concerns are not addressed, SBTi staff will have no choice but to take further action.”

Source: The Guardian