Update 19 April 2024 to the Statement of the SBTi Board of 9 April 2024

The Board’s statement on 9 April was a strategic steer to further explore the role that Environmental Attribute Certificates may be able to play in climate mitigation, as part of the process of revising SBTi’s Net Zero Standard.

The Board of Trustees acted according to their remit to set the strategic direction for SBTi, while respecting the organization’s standard operating procedures.

Crucially, the Board will continue to secure that any potential use of market instruments will include guardrails, rules and thresholds that will ensure the global emissions decline, in the near and long term.

The Board acknowledges that this is a sensitive area and regrets that the statement was open to misinterpretation. The Board’s commitment to the Standard revision process and consultation with all relevant stakeholders is unwavering.