TITLE IIIREQUIREMENTS FOR DIFFERENT TYPES OF BENCHMARKS

F1CHAPTER 3A UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks

Article 19b Requirements for F2UK Climate Transition Benchmarks

Administrators of F3UK Climate Transition Benchmarks shall select, weight, or exclude underlying assets issued by companies that follow a decarbonisation trajectory by 31 December 2022, in accordance with the following requirements:

  1. (i)

    the companies disclose measurable carbon emission reduction targets to be achieved within specific timeframes;

  2. (ii)

    the companies disclose a reduction in carbon emissions which is disaggregated down to the level of relevant operating subsidiaries;

  3. (iii)

    the companies disclose annual information on progress made towards those targets;

  4. (iv)

    the activities relating to the underlying assets do not significantly harm other ESG objectives.