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

Report Impact & target-setting Financial institutions

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.

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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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“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 a... Read More >

Report Impact & target-setting Financial institutions

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© The 2° Investing Initiative

2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.

Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.