Hi all.
Profile: Asset Manager in sector like power (renewable and non-renewable), chemical, water
If an FI used equity consolidation approach, all of their investment sits in their Scope 1 and 2 emissions instead of Scope 3 Category 15, is the SBTi FI guidance still applicable? We are aware that it is easier if operational or financial control approach is used.
For now, it looks like we have to set Scope1 SDA for Power Sector and Scope 1 and 2 with absolute contraction method. It does not seem to make sense to set portfolio coverage since the emissions sits under the companies’ Scope 1 and 2 emissions.
Can anyone confirm that this is the appropriate manner to approach the target setting?