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”.