Climate Targets Oversight Group Under Scrutiny Over Its Own Governance

Science Based Targets initiative makes changes after complaints about transparency and potential for conflict of interest.

• Its stamp of approval is deemed the gold standard for corporate climate targets. “People are terrified of SBTi” pronouncing their goals as insufficient, said one person from a global bank.

• Reforms are now under way, the SBTi says. They include a new technical board that will “create more independence and prevent any potential conflicts of interest in our decision making related to target setting methods and criteria”.

Source: https://www.ft.com/content/75527cce-9748-4aec-b6e6-7c7828460d2a