Use of RECs to meet scope 3 investment and lending SBT

Hi there,
Is it possible to use Renewable Energy Certificates (RECs) to meet scope 3 investment and lending SBT?

Situation below:
Client: commercial bank
Asset class where proposing the use of RECs to meet SBT: mortgages
Question: is it possible to use RECs for mortgages scope 2 emissions to meet an SBT for this asset class?

Thank you!

Kind regards,
Matias

1 Like