The chief executive of the Science Based Targets initiative (SBTi) has issued a public statement to reiterate an “unwavering” support for robust governance when it comes to standard setting.

The controversy followed claims that SBTi would recognise carbon credits as a way to “abate” scope 3 emissions. These indirect, value chain emissions usually make up the lion’s share of a company’s carbon footprint.

Read SBTis original statement on use of environmental attribute certificates, including but not limited to voluntary carbon markets, for abatement purposes limited to scope 3.