World Resources Institute

This scope of work is to further grow the Science Based Targets Initiative, specifically for financial institutions (SBTi Finance). SBTi Finance builds on attributional accounting based on the Greenhouse Gas Protocol’s Corporate Value Chain (Scope 3) Standard. SBTi Finance is a framework for financial institutions to set targets that are aligned with climate scenarios, and that enable an ex-post evaluation of financial institutions’ contribution to real-economy emissions reductions in relation to the Paris Agreement’s mitigation goal. The framework includes a set of methods that can be used to set targets, criteria that SBTi will use to assess and validate targets submitted to the initiative, and implementation guidance.