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SBTI extends Financial Institutions Near-Term Criteria indefinitely
Original: Financial Institutions Near-Term Criteria to continue without end date
The Science Based Targets Initiative has announced that its Financial Institutions Near-Term Criteria will continue without an end date, removing uncertainty over the framework's future. The guidance sets out how banks, insurers and investors set emissions-reduction targets. The decision will be closely watched by financial firms relying on the criteria to structure and validate their climate commitments.
Why now: Financial institutions and climate observers are tracking whether the leading target-setting framework remains stable amid broader doubts about corporate climate standards.
Science Based Targets Initiativefinancial institutions
Evidence
- Financial Institutions Near-Term Criteria to continue without end date · Science Based Targets Initiative
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