SBTi v2 for financial services

SBTi v2 for financial services

Financial services firms carry distinctive Scope 3 footprints centred on financed emissions in lending and investment portfolios.

Why your sector is affected

Large financial institutions are Category A and face high external attention on financed emissions methodology and evidence.

Likely Scope 3 hotspots

  • Financed emissions across loans and investments.
  • Operational supply chain including data and software services.
  • Business travel and corporate real estate.

Supplier evidence to prepare

  • Investee and borrower specific emissions where available.
  • Documented methodology aligned to PCAF or equivalent.
  • Operational supplier specific data for the largest categories.

Procurement actions that move the needle

  • Set climate criteria for portfolio decisions where in scope.
  • Engage major operational suppliers on supplier specific data.
  • Build a clear evidence trail for financed emissions disclosures.

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