Commercial Real Estate and Mortgages Tool for FIs

Hello, the new Commercial Real Estate an Mortgages Tools for FIs requires that all Scope 1, Scope 2 and Scope 3 emissions of the portfolio are entered. At the same time, looking at SBTI Criteria and Recommendations for Financial Institutions on the website, for Real Estate only S1 + S2 is needed.

Which one is the correct one?

In case we are unable to calculate S3 just yet, can we use the old version 1.0 of the tool, which requires S1+S2 only?

Thank you in advance!

Kind regards, Ani

Hi Ani, only S1+2 emissions have to be covered for CRE and residential mortgages. The scope 3 that is referenced in the tool is for commercial real estate where the S1+2 from tenants would have to be included (which would be the scope 3 of a real estate company for leased assets).