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

Hi Katie,

Apologies for the delayed response.

As you may know, the pilot phase for submissions is over and FIs can now book slots for validation of their near-term targets via the booking system: SBTi Target Validation Booking System (jotform.co)

Please note that submission forms will need to be completed and uploaded in order to book a slot. Also, the date of the booked slot is when the review of the target submission will begin, and not the date that target validation results will be delivered.

Once the review begins, we have not put a specific timeframe for the validation service to be completed for FI targets but continue to aim for 1-2 months. So far it has generally taken about a month from the booking date (if responses to queries are received within two business days) though it can potentially take two, depending on the number of rounds of questions and response times.

Hope that helps.

Thanks,
Howard