Reporting Emissions from Financial Institutions and Industrial

A financial group we follow for setting SBT, owns a society that is industrial (does not do any financial activity). How do we account for that? Does it count as if in the perimeter as financial activity or do we consider it separately (and set different targets)?

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The industrial company can be included in the FIs targets as a fully owned subsidiary, or as an investment, depending on the arrangement.
Essentially the industrial company could set its own target (and report it separately if it wishes), and this would be covered under the FI’s portfolio level targets.