Once the target for financial institution is submitted, how long will the approval process take?

Under the free pilot phase for submissions from the first 20 financial institutions, SBTi does
not guarantee a set turnaround time for the validation process. We aim to complete the
process within 2 months, using the 30 day timeframe for regular company validations as a
reference. SBTi plans to launch a formal target validation service for financial institutions after
the pilot phase.