FI-C18 – Disclosure of Target(s) Portfolio Coverage

Question 1: Should the ‘% of total investment / lending activities covered in targets’ include or exclude investments for which zero financed emissions were assumed? E.g. loans used for the procurement of land (PCAF use of proceeds)

Question 2: This refers to a FI setting a Temperature Rating target. Should borrowers whose loans are considered with zero financed emissions be included in the Temperature Rating target?

Criteria FI-C18:
‘…financial institutions shall disclose the percentage of their total investment and lending activities covered by portfolio targets on the SBTi website, in a metric representative of the magnitude of FIs’ main business activities, which may involve any combination of commercial banking, investment banking, and asset management.’

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