Trustees of a climate targets verification group at the centre of a governance storm on Friday sought to assuage concern over their plan to allow offsetting of companies' supply chain emissions.
Birds fly above buildings as flue gas and steam rise out of chimneys and smokestacks of an oil refinery during sunset on a frosty day in the Siberian city of Omsk, Russia, February 8, 2023. REUTERS/Alexey Malgavko/File PhotoLONDON, April 12 - Trustees of a climate targets verification group at the centre of a governance storm on Friday sought to assuage concern over their plan to allow offsetting of companies' supply chain emissions.
In a "clarification" to its April 9 statement, the trustees said no change had been made to the group's current standards and that any use of such "environmental attribute certificates" would be "informed by the evidence". Separately, the trustees also received a letter of support from a group of non-profits and companies working with communities in the Global South most exposed to climate change, including in Tanzania, Kenya, Peru and Indonesia.The group said it celebrated the decision to allow Scope 3 offsets as "at long last" money would flow to communities working to protect nature, including through reducing deforestation, restoring grassland and reforesting mangroves.
RSBI:SOCIAL-IMPACT RSBI:CLIMATE-CHANGE RSBI:CLIMATE-SOLUTIONS AWLQ BACT BIZ CAROFF CLA CLC CLF CLR CO2 COM ENR ENV ESG ESGENV ESGSOC FIN FINS FINS08 GEN MNGISS NGO NRG CORGOV TOPNWS SUSTAINABLE-BUSINESS PACKAGE:WORLD-NEWS MTPIX TOPCMB
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