SBTi-FI-ST V2 Pilot Version - Minimum Coverage 67%

Dear all,

I was wondering if there is any further clarification on the Minimum Coverage of 67% for all SBT’s.

The V2 Pilot Version states that:
In addition to the coverage requirements outlined in Table 1, FIs shall cover at least 67% of its required and optional asset classes with targets.

Criteria FI-C15 states, that FIs shall include their asset management businesses
However, following footnote #10 it is stated that: the SBTi strongly recommends banks to cover their asset management businesses in their scope 1, 2, and/or 3 boundaries, though it is optional as an exception under this version of the criteria

I was therefore wondering whether Assets managed under discretionary mandates need to be included in the calculation of the minimum coverage of 67% or not.

Looking forward to hearing from you!

Revisions are being made to the FI Near-Term Criteria V2.