‘No change has been made’: SBTi clarifies carbon offset position amid backlash
The Science-Based Targets Initiative (SBTi) has clarified that its April 9 statement on the potential use of carbon offsets to meet climate goals does not equal an amendment of its standards – a clear attempt to restore trust after being accused of malpractice.
“No change has been made to SBTi current standards,” the organisation said. “Any use of EACs [environmental attribute certificates, which include carbon credits from the voluntary market] for Scope 3 will be informed by evidence. Any change to SBTi standards, including use of EACs for Scope 3, will be conducted according to previously approved SBTi Standard Operating Procedure for developing standards, including research, drafting, public consultation, technical council review and approval, consideration and adoption by the SBTi board.”