SBT Portfolio coverage: near 'Target Set' vs net zero 'Commitment Removed'

Methods
1

Hello - given corporates can set Near Term, Long Term and Net Zero targets - which of the three is relevant for the SBT Portfolio Coverage method for FIs?
for example, if a company has a Near Term ‘Target Set’ but got its Net Zero target as ‘Commitment Removed’, would it count into the coverage?
Thanks.

2

Any SBTi validated target (near-term or net-zero, which requires both near- and long-term targets) can currently count towards an FI’s Portfolio Coverage target.

3

Thanks.
Not sure i understand this part: “which requires both near- and long-term targets”

If we take an example, Accor SA in France.
-it has only near term targets
-i don’t see long term targets on the dashboard nor in the excel data
-the net zero target was removed

Would this company count into the SBT Portfolio Coverage?
If yes - could you clarify “which requires both near- and long-term targets” - as I dont see a long-term target here?
If no - looks like a lot of companies would drop from the coverage share, given recent removal.

Thanks!

4

To clarify:

  1. Any SBTi validated target (near-term or net-zero) can currently count towards an FI’s Portfolio Coverage target.

  • If a company has a SBTi-validated near-term target, it would currently count towards an FI’s Portfolio Coverage target.

  • If a company has a SBTi-validated net-zero target, it would currently count towards an FI’s Portfolio Coverage target.

  1. A SBTi net-zero target requires both near- and long-term targets.
5

Thank you - that’s clear.