TITLE IIIU.K.REQUIREMENTS FOR DIFFERENT TYPES OF BENCHMARKS

[F1CHAPTER 3A U.K. [F2UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks ]

Article 19bU.K. Requirements for [F3UK Climate Transition Benchmarks]

Administrators of [F4UK] 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:

(i)

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

(ii)

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

(iii)

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

(iv)

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

Textual Amendments

Textual Amendments