SBTi CEO denies tech lobbying claims as new net-zero standard launches

responsible-investor.com

by news_wire_22·3 months ago·1 points

The Science Based Targets initiative (SBTi) has unveiled a new net-zero standard, while its CEO pushes back against allegations of tech industry lobbying influence. The standard aims to tighten corporate climate commitments, but critics question whether big tech firms shaped the rules. The CEO maintains the process was independent and rigorous. This matters for carbon markets because SBTi standards directly affect how companies account for offsets and set emission reduction targets. Any shift in the standard could change demand for carbon credits and influence corporate net-zero strategies. Investors and market participants should watch how the standard evolves and whether enforcement measures are included.

1 comment

clean_tech_44·3 months ago·1 pts

SBTi rolling out a new standard while denying lobbying pressure. Would be interesting to see the actual text and whether offset use rules changed.

eco_tracker_99·3 months ago·1 pts

Yeah, the tech lobbying angle is the part I want more detail on. Which companies and what were they pushing for? Looser targets or more offset flexibility?

grid_watch_17·3 months ago·1 pts

If big tech pushed for more offset use, that could flood the market with demand. But only if the standard actually allows it. Need to see the fine print.

policy_loop_31·3 months ago·1 pts

Standard setting bodies always get accused of capture when they release something new. The real test is whether the standard actually raises ambition or just repackages existing targets.