If investee companies have already set SBTs, can this be counted towards reaching an FI's portfolio coverage target or do new investees need to set SBTs?

FAQ
1

That is exactly what the Portfolio Coverage method does. You measure the proportion of your portfolio that has set SBTs and then set a target that makes sure that 100% of your portfolio has set SBTs by 2040. You find more about this method on p 80 of our guidance.