Absolute contraction approach - 4.2%

Hi there,

Can I please ask if the 4.2% absolute year on year reduction requirement is something that remains static regardless of when an FI sets their target for their operational footprint? E.g if a Scope 1 and 2 target is set in 2024 with a base year of 2023 - for 2030. Will that mean 4.2% absolute reduction every year from 2023 to 2030?

I am asking because that means that late targets will achieve a lower absolute reduction this way.

Many thanks,

Ana