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…
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.
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.”