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SBTI CEO resigns after Scope 3 controversy

Posted on by Dsen .N

Writing on LinkedIn, Dr. Amaral added that he would “pass the torch with immense pride in all that has been accomplished and optimism for the future.” Source: Shutterstock

SBTI said Dr. Amaral was resigning “for personal reasons” and named current chief legal officer Susan Jenny Ehr as interim CEO.

Dr. Amaral said of the personal issues that led to his resignation: “These issues require my full attention at this time, which has led me to take the decision to resign.”

The change will go into effect at the end of July 2024. Dr. Amaral is expected to help lead the transition as recruitment begins for his successor.

The move comes months after SBTI announced plans to allow companies to use carbon credits to offset emissions from their Scope 3 supply chains.

The plans have already been criticised by retailer H&M Group, climate charity WWE and some SBTI employees.

In a statement, Dr. Amaral said, “My time as CEO has been incredibly rewarding and I remain steadfast in my belief in the importance, impact and promise of SBTi. When I was appointed as the first CEO of SBTi, my goal was to transform the initiative from an informal group into a structured and professional organization that could drive exponential growth in setting corporate goals on a global scale. Since then, we have incorporated SBTi as an independent organization and established transparent governance structures and processes.”

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Dr. Amaral added on LinkedIn that he “will pass the torch with tremendous pride in all that has been accomplished and optimism for the future.”

SBTI previously informed Just Style that the current Corporate Net-Zero standard has not changed and cannot change until the standard operating procedure for revising the standard is completed.

SBTI says it will publish its draft standards “by the end of 2024.” The organization has called on “all stakeholders, duty holders and interested parties” to respond to the consultation on the matter.