CHAPTER II U.K. MINIMUM STANDARDS FOR THE DESIGN OF THE BENCHMARK METHODOLOGY

SECTION 2 U.K. MINIMUM STANDARDS FOR [F1 UK CLIMATE TRANSITION BENCHMARKS]

Article 9 U.K. Baseline reduction of GHG intensity or absolute GHG emissions for [F1 UK Climate Transition Benchmarks]

The GHG intensity or, where applicable, absolute GHG emissions for [F1 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 10 U.K. Exclusions for [F1 UK Climate Transition Benchmarks]

1. Administrators of [F1 UK Climate Transition Benchmarks] shall disclose in their methodology whether and how they exclude companies.

2. By 31 December 2022, administrators of [F1 UK Climate Transition Benchmarks] shall comply with the requirements set out in Article 12(1), points (a), (b) and (c), and Article 12(2).

Textual Amendments

F1 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)