Financial institutions investing only in other project finance (e.g., infrastructure)

Current SBTi guidance states the SDA is the only applicable method for project finance and applies only to electricity generation projects. As there are no applicable methods for modelling SBTs for other project finance, does this mean a financial institution investing exclusively in (e.g.) infrastructure projects is unable to model and set a SBT for its investment portfolio (cat 15)? If so, is it correct to assume the SBTi would not validate any target modelled using another method (e.g., an absolute contraction approach)?


Thanks for posting. Infrastructure project finance is indeed currently out of scope, though loans to infrastructure companies and investments in equity/debt securities issued by infrastructure companies are in scope. The acceptance of alternative methods may be explored under the SBTi Net-Zero Standard for FIs that is currently under development.