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April 11, 2024

SBTi staff demand CEO resignation over plans to extend carbon credit use for Scope 3 emissions

Lorries driving on road, Scope 3 emissions
There is growing scrutiny surrounding companies’ use of carbon credits, in particular to manage Scope 3 emissions, and the SBTi’s decision has taken the market by surprise (Photo: Bilanol/Envato)

Concern and confusion cited by staff at the Science Based Targets initiative, while carbon market companies back Scope 3 changes

Plans by the non-profit Science Based Targets initiative to recognise carbon credits as a way to abate Scope 3 emissions has caused unrest within the organisation, with staff calling for the resignation of its chief executive Luiz Amaral, along with the board of trustees.

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