Correct Sector Classification

[Joe_Venables]

We are looking to set an SBTi and are unsure om whether the guidance applies to our organization

The organization is technically a charitable foundation and SME that outright owns and leases real estate.

The organization also has 2 funds which are managed externally through asset managers.

The organization does not have investors for these funds rather it is their own money which is invested to generate revenue via a 3rd party asset manager.

In your experience will we be required to follow the FI route for an SBT.

All help greatly appreciated!

[HowardS]

Please refer to the resources available on the SBTi website for more details:

• FAQs - Who can take part in the SBTi?
  • The SBTi does not currently assess targets for non-profit organizations. However, we encourage these stakeholders to consider science-based target setting methods on their own.
• FAQs - Why is there a special route for Small & Medium Enterprises (SMEs) and how is it different?
  • Companies that meet our definition of SME, which was recently updated, may go through a streamlined validation route.
• Pilot Test for Buildings Sector Guidance
  • Key stakeholders across the buildings value chain that are encouraged to participate include: developers, owner-occupiers, owner-lessors, property managers, significant tenants and financial institutions with investment and lending portfolios related to real estate.