Words in Ch. 2 s. 2 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(5)

http://www.legislation.gov.uk/eur/2020/1818/chapter/II/section/2Commission 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 Participation2023-07-11Commission 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 BenchmarksRegulationFinancial Services and Markets Act 2023Sch. 1 Pt. 13s. 1(4)s. 86(3)CHAPTER IIMINIMUM STANDARDS FOR THE DESIGN OF THE BENCHMARK METHODOLOGY
SECTION 2MINIMUM STANDARDS FOR UK CLIMATE TRANSITION BENCHMARKS
Article 9Baseline reduction of GHG intensity or absolute GHG emissions for UK Climate Transition Benchmarks

The GHG intensity or, where applicable, absolute GHG emissions for UK Climate Transition Benchmarks, including Scope 1, 2 and 3 GHG emissions, shall be at least 30 % lower than the GHG intensity or absolute GHG emissions of the investable universe.

For the purposes of the first subparagraph, Scope 3 GHG emissions shall be construed in accordance with the phase-in implementation period set out in Article 5.

Article 10Exclusions for UK Climate Transition Benchmarks1.

Administrators of UK Climate Transition Benchmarks shall disclose in their methodology whether and how they exclude companies.

2.

By 31 December 2022, administrators of UK Climate Transition Benchmarks shall comply with the requirements set out in Article 12(1), points (a), (b) and (c), and Article 12(2).