SBTi stricter validation process for fossil fuel financing


Please could you provide any more clarity on this statement from Nate Aden about the SBTi planning to only verify SBTs inclusive of limits to financing fossil fuels?

The Science Based Targets initiative, which is backed by the United Nations, plans to only verify emissions targets that include clear limits on financing oil, gas and coal, said Nate Aden, who heads SBTi’s financial industry project. The stricter process will also apply to asset managers.

Many thanks,