Question
Is it allowed to alternatively use reliable scenario sources other than the IEA NZE2050 scenario, which are more specific to certain sectors? Examples are the International Maritime Organization (IMO) decarbonization scenario towards 2050 for the maritime shipping sector and the CRREM 1.5C decarbonisation trajectories for commercial real estate.
Background on the question
The template prescribes to use the International Energy Agency (IEA) Net Zero Emissions by 2050 Scenario (NZE2050) to measure our sector alignment with the Paris Agreement decarbonization pathway. In our view for certain sector more specific scenarios are currently available.
Answer
This question has been rejected the issue it deals with is already explained or addressed in the regulatory framework. In particular, please see Annex II of Regulation (EU) 2022/2453 presenting the instructions forTemplate 3: Banking book - Indicators of potential climate change transition risk: Alignment metrics.For further information on the purpose of this tool and on how to submit questions, please see “Additional background and guidance for asking questions".