CHAPTER IIMINIMUM STANDARDS FOR THE DESIGN OF THE BENCHMARK METHODOLOGY

SECTION 2MINIMUM STANDARDS FOR F1UK CLIMATE TRANSITION BENCHMARKS

Article 9Baseline reduction of GHG intensity or absolute GHG emissions for F1UK Climate Transition Benchmarks

The GHG intensity or, where applicable, absolute GHG emissions for F1UK 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 F1UK Climate Transition Benchmarks

1.

Administrators of F1UK Climate Transition Benchmarks shall disclose in their methodology whether and how they exclude companies.

2.

By 31 December 2022, administrators of F1UK Climate Transition Benchmarks shall comply with the requirements set out in Article 12(1), points (a), (b) and (c), and Article 12(2).