“Science-based Targets” for Financial Institutions: Position Deck & Stakeholder Survey

This document presents a technical analysis of the draft criteria proposed by the SBTi consortium, as well as results from a stakeholder survey conducted between February and April 2020.

Altogether, 58 stakeholders from a variety of sectors (financial institutions, consultancies, NGOs, etc.) completed the survey. There were two key takeaways from the survey results:

First, most of those consulted agreed that in order to achieve science-based climate targets, financial institutions need to drive actions that lead to GHG emissions reductions in the real economy.

Second, there was a consensus that there is insufficient evidence to show that aligning the exposure of an investment/lending portfolio with climate scenarios can serve as a proxy for measuring the financial institution’s impact in the real economy.

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