SBTi Issues Official Clarification To Its Scope 3 Statement

SBTi Issues Official Clarification To Its Scope 3 Statement - Carbon Herald

In response to the recent scandal, which erupted as a result of the Science Based Targets initiative (SBTi) changing its stance on the offsetting of Scope 3 emissions, the Board of Trustees has added a clarification to its earlier statement. 

Last week, the SBTi made headlines, first by saying it would be offering guidance to corporates to offset their Scope 3 emissions by purchasing carbon credits; and then – by the turmoil, which followed within the organization.

Initially, the announcement was quite well received by stakeholders across the board, who saw the move as a major step forward towards decarbonization and unlocking finance for carbon projects around the world.

Relevant: SBTi Carbon Credits Announcement Stirs Up Conflict Within The Organization

Shortly after, SBTi staff members wrote a protest letter, in which they rejected the Board’s statement and criticized the lack of a science-based approach to the ‘guardrails and thresholds’ for the offsetting of Scope 3 emissions.

The staff called for the CEO and the Board of Trustees to resign, while expressing its regrets for the way, in which the announcement had undermined the SBTi’s credibility and had caused concern and confusion among ‘crucial stakeholders’.

To rectify the situation and resolve the ensuing chaos, the SBTi Board of Trustees issued a clarification to its original statement, which says that ‘any use of EACs (Energy Attribute Certificates) for Scope 3 will be informed by evidence’. 

Relevant: SEC Mandates Public Company Disclosure Of Carbon Emissions But Cuts Scope 3 Requirement

Furthermore, the statement says:

“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.

In July, a discussion paper with a draft proposal from SBTi about potential changes to Scope 3 will be published which will feed into the standard draft (drafting phase).”

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