“Science-Based Targets” for Financial Institutions: Position & Consultation Deck

In 2018, WRI, WWF and CDP invited the 2° Investing Initiative to take part in the development of the Science-Based Targets initiative (SBTi) for Financial Institutions as methodology co-developer with the consultancy Navigant.

After 18 months of collaboration, 2DII has decided to withdraw from the project due to the inability to agree with the partners on the fundamental principles governing the methodological development and notably the definition of financial institutions’ ‘impact’.

This deck presents 2DII’s reasoning behind the decision and the organization’s current position on setting science-based targets and measuring the climate impact of financial institutions. It is designed to advise our stakeholders on our conclusions and understanding and solicit feedback to inform our position moving forward.