Dear SBTi Community,
I would like to raise the question of a retail bank, as regards the setting up of Scope 3 net-zero targets related to its portfolio, in the case where this is composed only of activities that – according to the Finance Sector SB Targets Guidance – are currently either optional or out of scope.
If that was the case, should this bank, preferably:
- commit to SBTi and define the boundaries of its Scope 3 – Portfolio Targets consistently with the current Standard, i.e., including optional asset class only (e.g., residential mortgages)?
- or, rather, wait for an updated SBTi guidance/standard that includes at least one asset class of its portfolio within those required (i.e. not optional/out of scope) for target setting (e.g. sovereign debt securities or investment advisory services)?