To: Science Based Targets Executive Board: Lila Karbassi: Chief of Programmes, UN Global Compact; María Mendiluce: CEO, We Mean Business; Paul Simpson: CEO, CDP; Andrew Steer: President & CEO, World Resources Institute; Manuel Pulgar Vidal: Climate & Energy Global Practice Leader, WWF

From: Bill Baue: Senior Director, r3.0; Former Technical Advisory Group Member, Science Based Targets Initiative (SBTi)

Re: Memorandum on SBTi Steering Committee Response Letter to the Formal Complaint

Date: 24 March 2021

Dear Lila, Maria, Paul, Andrew, and Manuel,

Thank you for your response to the Formal Complaint I submitted to you, the Executive Board of the Science…


As an original instigator of the Science Based Targets initiative (SBTi), it deeply saddens me to report that I have submitted the below formal complaint to the SBTi Executive Board.

Dear Science Based Targets Executive Board:

As an original instigator[1] of the Science Based Targets initiative (SBTi) and a member of SBTi’s Technical Advisory Group (TAG) since its inception, I’m writing to submit a formal complaint and make a formal request for the SBTi Executive Board to investigate apparent technical shortcomings and governance lapses, and to take steps to adjudicate and resolve these issues. …


There is much that I agree with in George Monbiot’s “Price Less” piece. Unfortunately, his central premise is fatally flawed.

He says that (natural) capital theory is predicated on financialization:

“Capital is properly understood as the human-made segment of wealth that is deployed in production to create further financial returns.”

Wrong.

“Capital” is a general theory of stocks and flows of resources that can be used to support wellbeing. It’s almost as if Monbiot hasn’t read Donella Meadows, which is hard to imagine. …

Bill Baue

Catalyzing systems change toward thrivance. Co-Founder http://r30.org/ http://SustyContext.org http://currnt.com/ https://www.cchange.net/

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