Dear,
We have a relevant part of our real estate (commercial and mortgage) portfolio for which we do not have floor sizes available.
We believe, that within PCAF disclosures we can exclude this parts of our portfolio from our financed emissions calculations as the completenss principle allows for certain exclusion (data availability being one of them).
For target setting we are not sure. On the one hand SBTi generally expects to follow the GHGP/PCAF principles of completeness (which could be interpreted in the sense that certain exclusiones are allowed). In footnote 15 (relating to the portfolio target boundary) of the FINT, however, it is stated that “If using financed emissions, a complete inventory must be disclosed for all “Required Activities” and “Optional Activities” in […]” This footnote could be interpreted that no exclusions would be accepted at all for real estate portfolio.
Could you please help us with some guidance on that point? KR