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?
‘…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.’