According to the Financial Times, the Earth Fund—a $10 billion initiative founded by Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos—has discontinued its support for the Science Based Targets initiative (SBTi), a major verifier of corporate climate goals that influences how companies like Apple Inc. (NASDAQ: AAPL) and H&M attain a “net zero” label.
Jeff Bezos’ $10 Billion Earth Fund Pulls Support From Key Climate Initiative: What Happened?
