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…

Bill Baue

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