My general understanding from the FIs guidance is that corporate loans should cover Scope 1 and 2. However, you are also mentioning the power sector guidance which covers Scope 3 categories 3 and 11.
- Are banks required to cover Scope 3 (where relevant) for their power clients?
- If yes, then are 3 separate financed emissions targets expected for Power? i.e. one target for Scope 1 + 2; one for Scope 3 cat 11; and one for Scope 3 cat 3 (or even a combined target for Scope 1, 2, and Scope 3-cat 3)?
Same question for all sectors where Scope 3 is mandatory per the sector specific guidance (e.g. OEMs). For corporate loans, when are FIs required to include client’s Scope 3 emissions in their financed emissions accounting using the SDA?