SBTi and the Bezos Earth Fund did not immediately reply to emails seeking comment sent outside usual office hours. The fund is one of the two main funders of the SBTi along with the IKEA Foundation, according to the organisation’s website.
Amazon.com founder Jeff Bezos’ US$10 billion ($13.5 billion) Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported.
The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen as a move by Bezos to respond to policies favoured by President Donald Trump, who last month ordered a withdrawal of the US from the Paris Agreement on climate action.
