http://www.legislation.gov.uk/eur/2020/1818/article/1Commission Delegated Regulation (EU) 2020/1818 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council as regards minimum standards for UK Climate Transition Benchmarks and UK Paris-aligned BenchmarksCommission Delegated Regulation (EU) 2020/1818Commission Delegated Regulation (EU) 2020/1818 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council as regards minimum standards for EU Climate Transition Benchmarks and EU Paris-aligned BenchmarksKing's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32020R1818texttext/xmlen2024-09-18Expert Participation2023-07-11 CHAPTER I<Strong>DEFINITIONS</Strong>DefinitionsArticle 1For the purposes of this Regulation, the following definitions shall apply:‘greenhouse gas (GHG) emissions’ means emissions of carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), nitrogen trifluoride (NF3) and sulphur hexafluoride (SF6);‘absolute greenhouse gas (GHG) emissions’ means tonnes of CO2 equivalent...;“emissions”, in relation to a greenhouse gas, means emissions of that gas into the atmosphere that are attributable to human activity;“global warming potential” and “GWP” have the same meaning as in Article 2(6) of Regulation (EU) No 517/2014;a “tonne(s) of CO2 equivalent” means a quantity of greenhouse gases, expressed as the product of the mass of the greenhouse gases in metric tonnes and of their global warming potential (GWP);‘greenhouse gas (GHG) intensity’ means absolute GHG emissions divided by millions of pounds sterling in enterprise value including cash;‘enterprise value including cash’ or ‘EVIC’ means the sum, at fiscal year-end, of the market capitalisation of ordinary shares, the market capitalization of preferred shares, and the book value of total debt and non-controlling interests, without the deduction of cash or cash equivalents;‘investable universe’ means the set of all investable instruments in a given asset class or group of asset classes;‘base year’ means the first of a series of years in a benchmark;“SIC” means the UK Standard Industrial Classification of Economic Activities 2007 (SIC 2007) published by the Office for National Statistics, as amended from time to time.Arts. 1(ba)-(bc) inserted (18.10.2021) by The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 (S.I. 2021/1074), regs. 1(2), 6(3)(c)Art. 1(g) inserted (18.10.2021) by The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 (S.I. 2021/1074), regs. 1(2), 6(3)(e)Words in Art. 1(a) substituted (18.10.2021) by The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 (S.I. 2021/1074), regs. 1(2), 6(3)(a)Words in Art. 1(b) omitted (18.10.2021) by virtue of The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 (S.I. 2021/1074), regs. 1(2), 6(3)(b)Words in Art. 1(c) substituted (18.10.2021) by The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 (S.I. 2021/1074), regs. 1(2), 6(3)(d)