Through the Science Based Targets initiative (SBTi), 55 financial institutions have publicly committed to set emissions reduction targets in line with the ambition of the Paris Agreement. The SBTi will launch a new framework that, for the first time ever, will enable financial institutions to align their lending and investment portfolios with the level of ambition required by science. Developed through an inclusive, multi-stakeholder process, the framework will include a set of target-setting methods and tools, criteria that the SBTi will use to assess financial institution targets, and implementation guidance to support financial institutions in their target development. It will enable science-based targets for mortgage and real estate portfolios, project finance from power generation, and corporate debt portfolios and equity portfolios. Additional asset classes will be added in future versions of the framework.
Science Based Targets for Finance
Science Based Targets initiative, World Resources Institute (WRI), CDP, and World Wide Fund for Nature (WWF)
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