Science-Based Targets Initiative Releases Consultation Papers for Financial Institutions, Highlights Need for Renewable Power Financing

July 25, 2023

In June 2023, the Science Based Targets initiative (SBTi) published a draft of its Financial Institutions Net Zero (FINZ) Standard to enable financial institutions to establish targets consistent with achieving net-zero emissions by 2050, in line with the Paris Agreement. The SBTi framework aims to foster a globally standardized approach for reporting and assessment for financial institutions.

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