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Who To Engage Comments: Sbti Sag Sbti Tag Sbti Fi Eag

The document summarizes a consultation on developing a methodology to assign temperature scores to corporate targets and portfolios. It will: 1. Launch a public survey to gather feedback on the draft methodology for translating target ambition into temperature scores between 1.5-5°C by 2100. The feedback will be used to update the methodology before a version 1 is published in June. 2. Explain that the goal is to assess corporate ambition by translating short and medium term targets set by the Science Based Targets initiative and others into consistent long term temperature trajectories. 3. Note there are still open methodological questions around areas like scenario selection, modeling approaches, and how to score companies that do not disclose targets,

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Eoin White
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68 views

Who To Engage Comments: Sbti Sag Sbti Tag Sbti Fi Eag

The document summarizes a consultation on developing a methodology to assign temperature scores to corporate targets and portfolios. It will: 1. Launch a public survey to gather feedback on the draft methodology for translating target ambition into temperature scores between 1.5-5°C by 2100. The feedback will be used to update the methodology before a version 1 is published in June. 2. Explain that the goal is to assess corporate ambition by translating short and medium term targets set by the Science Based Targets initiative and others into consistent long term temperature trajectories. 3. Note there are still open methodological questions around areas like scenario selection, modeling approaches, and how to score companies that do not disclose targets,

Uploaded by

Eoin White
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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TROPIC Consultation

Content to be ready

1. Methodology document
2. Methodology summary slides (concept note)
3. SBTi FI concept note – linking temperature score to alignment and target setting
4. Consultation questionnaire (online form), google form? Ask Nico

Preparation for the webinar must include, an overview of the methodology, and

1. Email template to send


2. Link to register (webex or zoom?)
3. Slides with overview of methodology and summary of key topics for discussion (max 5
slides)
4. List of participants

Who to engage  Comments 


SBTi SAG  Climate science community 
Andres/Chris
SBTi TAG  https://sciencebasedtargets.org/technical-advisory-group/ 
SBTi FI EAG The expert advisory group of the SBTis’s Financial Institutions group 
 
Net asset owner alliance members 
Sylvain Vanston, AXA: [email protected]  
Lise Moret, AXA IM: [email protected]  
Thomas Liesch, Allianz, [email protected] 
 
Amundi/CPR 
Catherine Crozat, CPR: [email protected]   
Tegwen Leberthe, Amundi: [email protected]  
 
UK Financial Conduct Authority 
CDP Investor   Robert Hall, [email protected] 
 
CalPERS? 
Novejot Sandhu: [email protected]  
Shannon Hoogenbosch: [email protected]  
 
I4CE 
Anuschka HILKE: [email protected]  
Julie Raynaud: [email protected] 
Stéphane VOISIN: [email protected] 
 
Corporates SBT companies with supplier engagement targets 
Supply chain members e.g. L’Oreal, HP, Orsted 
Webinar Email

Subject: Launch Webinar: Temperature Scoring of Corporates and Portfolios

CDP in collaboration with WWF and the SBTi FI initiation invite you to a webinar:

[Link] Project Launch: Temperature scoring, of corporates and portfolios

Thursday, April 30, 2020


11:00 am-12:00 pm EST / 4:00-5:00 pm GMT / 5:00-6:00 pm CET

[Register]

The use of temperature metrics is becoming a critical measuring


corporate ambition and alignment to the Paris Agreement. In
addition, the success of the Science Based Targets initiative has
led to a rapid growth in the number of companies with approved
science-based targets, and also, a growing number of companies
claiming alignment to the long term temperature goals set out in the
Paris Agreement, outside of the SBTi.

The temperature rating of portfolios, indexes and companies is a


new methodology that will enable the scoring of all public targets
and translate them into temperature scores at a company and
portfolio level.

CDP and WWF will facilitate a consultative webinar on the TROPIC


methodology and goals to kick start a public consultation. The
launch webinar will cover:

 Introduction temperature scoring of corporates


 Overview of methodology
 Scope, objectives and application of temperature scoring, link
to the SBTi
 Overview of stakeholder consultation process
 Q&A session

The webinar will be facilitated by

 Alberto Carrillo Pineda, CDP


 Eoin White, CDP
 Chris Weber, WWF
 Nate Aden, WRI
Ta
Email invitation

Dear XXX, 

To address the growing threat of climate change, the latest


science from the IPCC calls for a rapid and unprecedented
transformation of the systems that constitute modern human
civilization: energy, agriculture, infrastructure, industry, and
cities. Yet, capital flows are not shifting at the scale and speed
required to support this transition. 

CDP in collaboaration with WWF and the SBTi is developing a


methodology for investors and corporates to score ambition
against temperature outcomes at a target, corporate, and
portfolio level. We invite you to provide feedback on our draft
target validation criteria and tool development process that
will serve as central components of the SBTi's framework for
financial institutions. 

This public consultation period will be open for 3 weeks, from


23 April to 15 May. 

Please consult the draft target validation criteria and


complete the online stakeholder survey to submit your
feedback. 

If you're unable to access the online survey, you may download


a Word version of the survey and send the completed form to
[email protected]  
Your feedback to the draft
target validation criteria and
tool development process is
important to ensuring that
they are practical and
valid. We invite all
stakeholders including
financial institutions, academia, NGOs, consultants and other
interested parties to review the document. 

For help completing the survey, please


email [email protected] 
 
The public comment period is open from now until 2 April
2020. Thank you in advance for your time and attention;
together we can drive climate action in the financial sector. We
look forward to your feedback.  
 
Sincerely,  

The SBTi Finance team

Email Response

Dear XXX

On behalf of CDP and temperature scoring consortium, thank you for registering for last
week’s consultation webinar launching a new project to develop target setting methods and
guidance for the forest, land, and agriculture sectors. Slides from the presentation are attached, and
if you missed the webinar, you can view the recording here.  Thanks again for the spirited Q&A and
please let us know if you have any follow-up questions.  Our team will continue to share updates as
the project develops, as well as opportunities for further engagement and consultation.

Best,

Tim
Email template: consultation opening

Dear XXX,

The public consultation for the temperature scoring methodology is now open. You have until
Friday 15th May 2020 to comment in this document and answer questions.

The direct link is the following one : https://act-phase-ii.scribehub.com/documents/19

As for the previous ones, we run the consultation through ScribeHub. There is a short user guide at
the beginning of the document.

Following our discussions during the last Technical Working Group, we have updated the document,
mostly regarding the quantitative (locked-in emissions, etc.) and the business model indicators.

Do not hesitate to invite your colleagues, partners, suppliers, to comment the document. We are
also available if you have problems or questions.

We hope you are all well and take care

Best regards,

The ACT Oil & Gas team


Temperature Scoring Consultation

Through the Science Based Targets initiative (SBTi), a large number of companies have been able to
set approved science based targets since 2015 . Building on the work of the SBTi, the temperature
scoring approach presented here expands the temperature assessment of short- and medium-term
corporate ambition against a wide range of end of century (2100) temperature outcomes, between
1.5-5°C. It therefore aims to translate reported corporate targets into long-term temperature
trajectories.

Assessing the ambition of corporate targets has traditionally been very complex, as targets can be
expressed with different units, over multiple timeframes covering various types of scopes. The goal
of a temperature rating is to translate targets into a single common and intuitive metric that is linked
to the long-term temperature outcomes associated with the ambition of the target.

Their remains open questions and important methodological with which we would appreciate your
feedback. To that effect, we’d appreciate your answer to this short survey that should take no more
than 20 minutes of your time to complete. The survey will remain open until May 22, 2020.

The content received will be used to revise and update the methodology in anticipation of publishing
a version 1 in June 2020. Any additional information to justify or support comments is also
welcomed. All input received will be kept confidential and internal, unless consent is given by the
respondent.

Thanks for your support.

The survey is composed of 6 Sections

Section 1: General Information

1. What is the name of your organisation?


2. What is your job title?

Section 2 of the survey explores the way of using target data and temperature scores.

3. Which metrics do you currently use to assess the ambition of corporates?


4. How important are targets as an indicator of ambition?
5. Do you use corporate target data to assess/compare ambition?
6. Have you used SBTs as a key indicator of ambition?
7. Have you used any form of temperature rating?
8. If so, for what purpose was the temperature rating used?

Section 3 of the survey focuses on the methodology for translating target ambition into
temperature scores

9. Please comment on the approach to scenario selection and regression modelling, if


applicable?
10. The model uses absolute targets, physical intensity and economic intensity. Do you support
the inclusion of economic based pathways to score targets?
11. For companies who do not disclose targets publicly, or who do not disclose valid targets,
should they be scored using another approach?
12. If yes, what is your preferred approach?
13. If a uniform default score is selected, which temperature value is most applicable?
14. If a uniform score is not selected, please comment on other methods to define default
scores?

Section 4 of the survey focuses on the protocol for converting target scores into company scores

15. Which option for dealing with emission coverage within a scope is most suitable?
16. Which timeframes should the targets be scored over, short, mid, or long term?
17. Out of the six possible scores for a company, which should be considered the representative
for both scope 1+2 and scope 1+2+3?
18. Should performance be integrated over time to weight the score in terms of both forward
looking ambition and current year on year performance?

Section 5 of the survey focuses on the protocol for aggregating company scores to produce
portfolio scores

19. Which of the 4 weighting options presented is most relevant for temperature scoring?
20. Should there be a minimum portfolio coverage threshold. If yes, what should the threshold
be?
21. Which economic data is most relevant, market cap, enterprise value (EV), EV + cash?

Section 6 of the survey explores the usability and implementation of the temperature score

22. At what level are temperature scores more useful, company or portfolio?
23. Which temperature score is most useful, scope 1+2, scope 1+2+3 and over which
timeframe?
24. What supporting information/data points would you need to use the scores?
Follow Up email

Consultation Webinar
Temperature Scoring

Thank you for your participation

Follow-up survey

Please help us collect additional feedback on the new temperature scoring


methodology approach by completing an online survey before May 22nd.
Please find the link to the survey here
https://forms.office.com/Pages/ResponsePage.aspx?id=utjEsuvRe0-
GR7qKgZ5zmSLA9aDH6C5DsRa2gKA3DoZUMkZFNzVXVkZGTkoxS0RERTBRQlEzWUVZWi4u

Webinar recording

Title: Consultation Webinar: Temperature Scoring Method Development for


Companies and Investment Portfolios
30 April 2020  | 15:00  - 16:30 CET

Please find a link to the recording here (add link)

Materials

Please find attached the webinar presentation and the draft methodology document
for review.

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