This is Rebecca from Taiwan. Since we are assisting our clients in setting SBTs, we would like to enquire about the methodology for calculating the financed emissions of Mutual Fund and Exchange Traded Fund (ETF), which are elaborated as follows：
- What is the required scope of the target for Mutual Fund? Does it only cover the managed funds that make real estate investments？
And within this scope, what is the methodology for calculating the financed emissions of Mutual Fund？
- Is there any methodologies could be applied to ETF？
Specifically, to begin with, according to table 5.2 in the Financial Sector Science-Based Targets Guidance, the required minimum financed emission coverage for real estate mutual funds and ETF are both 100%. However, PCAF’s guide does not clearly specify the methodology for calculating the financed emissions for them. Therefore, we would be grateful if you could provide the details of the methodology, which includes the scope and the mechanics.
Thank you for your time and consideration.