Minimum coverage for listed and unlisted companies

Hi, I’m Hyerin and I’m supporting an FI to submit SBTs.
I have a question on the following.

It is noted that the required minimum coverage for corporate bonds is 100%. Does this include both listed and unlisted companies? Or does it only include listed companies?

Thank you and hope I could get the answers from you soon.
Best regards,
Hyerin

The boundary coverage is 100% when using the portfolio coverage and temperature rating methods for equities, corporate bonds and loans. This is the default principle. For private equity/debt assets we currently have a separate guidance document.