Hi,
What is the acceptable threshold for financial institutions to restate their base year emissions?
Kind regards,
Lance
Hi,
What is the acceptable threshold for financial institutions to restate their base year emissions?
Kind regards,
Lance
Hi Lance,
FIs should currently re-baseline anytime structural changes prompt a change of 5% or greater to their overall emissions inventory and then recalculate their targets (after re-baselining) to check that the ambition and coverage is still sufficient.
Thanks,
Howard
Hi Howard,
Thank you very much for your prompt reply. Could you please refer me to where exactly I can find this recommended threshold in any formal SBTi documents?
Kind regards,
Lance
The 5% threshold is in the Mandatory target recalculation criteria in the SBTi Corporate Net-Zero Standard Criteria and the draft Version 2 of the Near-Term Financial Sector SBT Guidance as a Triggered target recalculation recommendation.
Thank you for the answer and references Howard!