Utilizing RECs issued by 1. global initiatives or 2. governments

  1. When financial institutions(FIs) are trying to achieve net-zero of its operational activities(scope 1 and 2), can they utilize renewable energy credits(RECs) issued by the global RE100 initiative(https://www.there100.org/)?

  2. When financial institutions(FIs) are trying to achieve net-zero of its operational activities(scope 1 and 2), can they utilize national renewable energy credits(RECs) issued by the governments where the FIs are based in?

Please let me know if SBTi offers any guidance on these two questions.