Post by EnergyTag

Our joint coalition letter was featured in the Financial Times following the release of SBTi’s updated Corporate Net-Zero Standard. The coverage highlights a deeply concerning shift: SBTi has introduced a flexible "best-efforts" framework, making hourly clean energy matching optional and allowing companies to rely on paper-based annual matching to cover their actual fossil fuel consumption. As a unified voice of 26 global NGOs—including EnergyTag, Natural Resources Defense Council (NRDC), and Greenpeace USA —we have nothing to lose by speaking the truth for real-world impact. The letter simply advocates for following the science, which the standards claim to be governed by. While a broad coalition of climate advocates and energy experts stood together to defend scientific integrity, corporate lobbying ultimately won this round. By electing to make hourly accounting for targets optional, SBTi has squandered a massive opportunity to drive real investments in clean energy and storage. Read the full analysis in the Financial Times linked below #SBTi 350 Seattle | 350 KISHWAUKEE | Action Speaks Louder | Amazon Employees for Climate Justice | Beyond Fossil Fuels | Climate Risk Horizons | Energy Unlocked | ECOS| Global Action Plan | Green Web Foundation | Greenpeace USA | Just Shift | Natural Resources Defense Council (NRDC) | NewClimate Institute| OIL & GAS ACTION NETWORK | Oil Change International | Public Citizen | Reclaim Finance - NGO| ShareAction | Sierra Club | Stand.earth | Sustainable AI Futures | Troublemakers | Union of Concerned Scientists