Beyond fossil fuel, are there prescribed sector scope definitions FIs are expected to follow?
For oil and gas specifically, we note that the scope is extremely broad; however, the decarbonisation pathway for storage, distribution, trading will be entirely different from oil and gas producers. How are you proposing that FIs should address this? Is there flexibility in defining the sector scope to include a narrower coverage?
The sector scope definitions we follow are listed in the original SDA methodology: https://sciencebasedtargets.org/resources/files/Sectoral-Decarbonization-Approach-Report.pdf (See Annex VI).
For the oil and gas sector, we are still working through more specific definitions as part of the oil and gas sector methodology, so unfortunately we wont have more insights until this guidance is published