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An Environmental Finance conference has heard hopes from market participants that the Science-based Targets Initiative (SBTi) will "endorse" the use of carbon credits as part of net zero targets.

The Science Based Targets initiative's (SBTi) proposed standards for financial institutions will help boost the initiative's credibility, says the Institute for Energy, Economics and Financial Analysis (IEEFA) - although there is still room for improvement.

The Science Based Targets initiative (SBTi) has launched "more ambitious" draft emissions reduction target guidance that will require financial institutions to further align with a 1.5°C pathway.

The Science Based Targets initiative (SBTi) has told Environmental Finance it will not mandate companies to annually review emissions reductions targets and has ruled out setting a universal base year against which to benchmark reductions.

Existing methodologies commonly used by companies, investors and regulators for calculating transition pathways are failing to accurately reflect the Paris Agreement goals, with academics warning that most business will consequently fail to reduce their greenhouse gas (GHG) emissions in time.

Boston Common Asset Management (BCAM) has criticised the increasing number of methodologies used to assess how a bank's sustainable financing commitments impact its portfolio, as a distraction from core climate goals.

The 2° Investing Initiative (2DII) has published feedback on its public spat with the Science-Based Targets initiative (SBTi), showing that numerous stakeholders agree with its critique of a methodology for investors.