Science Based Targets for Financial Institutions: Launch of Temperature Scoring and Portfolio Coverage Tool Beta Test and Draft Guidance
To help the financial sector realize its potential to drive down global GHG emissions, the Science Based Targets initiative (SBTi) is creating a framework for financial institutions to set science-based climate targets in line with the ambition of the Paris Agreement.
As part of this framework, the SBTi is currently developing an open-source temperature scoring and portfolio coveragetool that financial institutions can use to set targets for their investment portfolios. The tool is based on a new open source temperature rating methodology developed by CDP and WWF, released in beta this week. The methodology and tool are suitable for setting targets for unlisted and listed equity and corporate debt portfolios.
During the webinar, SBTi staff will be joined by OS-Climate and technical developers from Ortec Finance to initiate tool beta testing. Speakers will also introduce afirst draft of target-setting guidance for the financial sector and launch the external consultation process.
Please register to learn more and find out how you can participate. If you cannot attend the webinar at this time, register to receive a recording.