Developed by the Science Based Targets initiative’s finance project, the Financial Sector Science Based Targets Guidance includes draft target validation criteria and recommendations, target-setting methods, and description of an open-source tool for target-setting. It guides users in applying these resources to set targets for their investment and lending portfolios and submit them to the SBTi for validation. 

Below we included a brief survey to seek your input on the first draft version of the guidance. Feedback will be accepted through August 27th. Extensions cannot be granted to maintain the September launch schedule. Participation in the survey will remain anonymous. The survey should take approximately 30 minutes to complete. 

If you have questions on the guidance and/or the survey, please contact chendan.yan@wri.org and nate.aden@wri.org. 

Thanks for your time and we appreciate your valuable input.

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* 1. Address

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* 2. Organization type

Questions on the Target Validation Criteria and Recommendation for financial institutions

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* 3. Is the requirement in C15-Portfolio target coverage ("Financial institutions shall set targets on all “Required Activities” in the Required Activities and Methods Table 5-2, following the minimum coverage requirement.") described clearly in the guidance?

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* 4. Is it practical for your institution to set targets on the required activities described in Table 5-2. Required activities and applicable methods following the minimum target coverage requirement?

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* 5. If not, for which financial product(s) do you propose that we should revise the coverage requirement and why?

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* 6. Is anything missing from this Table 5-2?

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* 7. Is the language in Recommendation 4 - Disclosure of Fossil Fuel Investments clear to you in terms what should be disclosed?

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* 8. For C19 - Disclosure of Target(s) Portfolio Coverage, are the example metrics provided meaningful?

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* 9. C21 - target recalculations says targets should be recalculated, as needed, to reflect significant changes that would compromise relevance and consistency of the existing target. What are some additional examples of significant changes that should trigger recalculations for FIs?

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* 10. If you would like to provide comments on other criteria, please name the criterion/criteria and submit your comments here (as compared to directly adding comments in the guidance document) for the team to compile your comments most efficiently.

Questions on the guidance:

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* 11. Does the guidance sufficiently cover all topics that a financial institution needs to submit targets to SBTi?

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* 12. Do you think Chapter 8 - Target Communication in the Guidance provides sufficient guidance for financial institutions to communicate their targets in a credible way?

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* 13. Do you think that, as part of the target communication, financial institutions shall be required to provide a qualitative explanation of how they believe the actions they take to achieve their targets will contribute to greenhouse gas emissions in the real economy?

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* 14. Data is an ongoing challenge for many financial institutions in terms of availability, security, and confidentiality. How can the SBTi best support financial institutions’ target-setting needs?

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* 15. To provide general comments on the guidance, please name the relevant page number and the section and submit your comments here (as compared to directly adding comments in the guidance document) for the team to compile your comments most efficiently.

Questions on the methods descriptions (included in the main text and appendices):

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* 16. Do you find the method descriptions clear?

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* 17. Is the SBTi financial tool documentation (Appendix 6) sufficient for application and implementation?

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* 18. Is the underlying approach to the temperature scoring method sufficient and transparent for financial institutions to use the method?

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* 19. For the temperature scoring method, which of the portfolio weighting methods is most suitable for your sector/activities?

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* 20. To provide general comments on the methods, please name the relevant page number and the section and submit your comments here (as compared to directly adding comments in the guidance document) for the team to compile your comments most efficiently.

 
Thanks for much for your input!

The SBTi team for financial institutions 
 

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