Webinar: Science Based Targets and Net-Zero for Financial Institutions

Get a thorough understanding of how financial institutions can set ambitious climate targets and achieve net-zero through the Science Based Targets Initiative

Financial institutions have special influence over companies through their investment and lending services. Therefore they are also in a unique position to encourage and put pressure on companies to set ambitious climate targets which correspond to the scenarios outlined in the Paris Agreement. Moreover, with the new EU Taxonomy, financial institutions have bigger incentives than ever to drive emissions reductions in their portfolios.

But how can financial institutions approach the mission of decarbonizing their investments? The answer can be found in the Science Based Targets methodology for financial institutions which was released last year.

During this webinar, you will learn more about how financial institutions can set scientifically founded climate targets and why it is important that they do so. You will also get an overview of the three methods which Science Based Targets currently supports in the methodology. Finally, you will learn about the pathway to net-zero for financial institutions in the lead-up to the first draft of the net-zero standard for financial institutions. There will also be plenty of time for you to ask questions throughout the webinar.

For background, you can already dive into SBTi’s recent foundations paper

This event is organized by Global Compact Network Denmark in collaboration with the Global Compact Networks of Finland, Norway, and Sweden.

NB! Please note that the webinar is exclusively for Nordic companies signed up to the UN Global Compact.

What is the Science Based Targets definition of a financial institution?

The SBTi defines a financial institution as a company whose business involves the arrangement and execution of financial and monetary transactions, including deposits, loans, investments, and currency exchange.

More specifically, the SBTi deems a company a financial institution if five percent or more of its revenue or assets comes from the activities described above.

Learn more about the Science Based Targets Initiative

Please visit SBTi’s website to learn more about the initiatives work with the financial sector.

For companies in Global Compact Network Denmark:

To join our peer learning group on Science Based Targets, please sign up via our group page.

If would like to become a part of our peer learning group for financial institutions (in Danish), please contact Engagement Manager Djouhara Westberg on djouhara@globalcompact.dk.

Date:
Septemer 28, 2022

Time: 
09.00 – 10.30 CET

Venue:
Online via Zoom

Deadline for registration:
September 26, 2022

Programme

09.00 – 09.05: Welcome

Joachim Marc Christensen, Head of Programmes, Global Compact Network Denmark

09.05 – 09.25: SBTs for financial institutions – an overview

Eoin White, Portfolio Decarbonisation Manager, the Science Based Target Initiative

09.25 – 09.40: Acieving net-zero in the financial sector

Eoin White, Portfolio Decarbonisation Manager, the Science Based Target Initiative

09.40 – 09.55: Q&A

09.55 – 10.10: PensionDanmark: How to work with the SBT methodology for financial institutions

TBC

10.10 – 10.30: Q&A and discussion

Eoin White, Portfolio Decarbonisation Manager, the Science Based Target Initiative

Joachim Marc Christensen, Head of Programmes, Global Compact Network Denmark

Joachim Marc Christensen

Head of Programmes

Climate & Environment / Klima & Miljø
joachim@globalcompact.dk
(+45) 26 92 99 75