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Tools and guidance

Foundations for science-based net-zero target setting in the financial sector

In this paper, the Science Based Targets initiative (SBTi) provides  principles, definitions, metrics and target formulation considerations for FIs to set quantitative set-zero targets linked with emissions reductions in the real economy.

Key points

The paper explores the following questions:

  • what does it mean for an FI’s actions to be consistent with net-zero?
  • how should FIs address their financed emissions?
  • what role do carbon credits play in FI net-zero targets?
  • how should fossil fuel financing be addressed in FI net-zero targets?
  • how should climate solutions be addressed in net-zero targets?
  • how should SBTs complement net-zero targets?