Climate targets BNG validated by Science Based Targets initiative
2 October 2025
Scope of the validation
In our Going Green climate plan, we set absolute emission reduction targets for the entire loan portfolio and relative emission reduction targets for the four largest customer sectors. The SBTi has assessed the relative emission reduction targets by sector and asset class, except those for (semi-)governments, because the SBTi has not yet developed a methodology for this.Our approved climate targets according to the official SBTi standard
Own business operations (scope 1 and 2)
BNG commits to reduce absolute scope 1 and 2 greenhouse gas emissions (GHG) 100% by 2030 from a 2018 base year and commits to active annual sourcing of 100% renewable electricity from 2018 through 2030.
Portfolio targets (scope 3)
BNG’s portfolio targets cover 49% of its total investments and lending by total balance sheet assets as of 2023. As of that year, required activities made up 49% of BNG’s total investments and lending by total balance sheet assets, while optional activities made up 10% and out-of-scope activities made up 41%.
Validated targets per asset category:
Asset Class | Method | Objective |
---|---|---|
Corporate loans: commercial real estate | Sector Decarbonization Approach (SDA) | BNG commits to reduce all in-use operational CO2 emissions from its real estate loan portfolio 63% per square meter by 2030 compared from a 2018 base year. |
Electricity generation project finance |
SDA | BNG commits to continue providing electricity generation project finance for only renewable electricity through 2030. |
Private debt, corporate and SME bonds | Portfolio Coverage | BNG commits to 68.5% of its private debt, corporate and SME bond portfolio by outstanding loan amount setting SBTi-validated targets by 2030 from a 2023 base year. |
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Tessa van Leeuwen, Press officer