One of my clients is working on a FI submission for a portfolio that includes FLAG-related emissions. Under the Portfolio Coverage approach I presume each PC would need to individually develop FLAG targets, if they meet the 20% FLAG threshold or fall into one of the compulsory sectors. However if using the Temperature Rating approach, I can’t see any reference to FLAG. Please can I check, does the Temperature Rating tool have any specific checks for FLAG emissions and targets?
Hi, and sorry for the late response.
The current version of the methodology and tool doesn’t have any input from FLAG climate scenario variables. But we hope to have more granularity regarding sectors in coming updates.