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“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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