{
  "url": "https://openlegislation.uk/eu-regulation-2020-1816/annex-II/section-3",
  "json_url": "https://openlegislation.uk/eu-regulation-2020-1816/annex-II/section-3.json",
  "legislation": "eur/2020/1816",
  "legislation_title": "Commission Delegated Regulation (EU) 2020/1816 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council as regards the explanation in the benchmark statement of how environmental, social and governance factors are reflected in each benchmark provided and published (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2020-1816",
  "path": "annex/II/section/3",
  "kind": "section",
  "number": "3",
  "heading": "SOVEREIGN DEBT",
  "text": "ESG FACTORS\nDISCLOSURES\nCombined ESG factors\nWeighted average ESG rating of the benchmark (voluntary).\nOverall ESG rating of top ten benchmark constituents by weighting in the benchmark (voluntary).\nThe percentage of underlying fund management companies signed up to international standards.\nEnvironmental\nWeighted average environmental rating of the benchmark (voluntary).\nExposure of the benchmark portfolio to climate-related physical risks, measuring the effects of extreme weather events on companies’ operations and production or on the different stages of the supply chain (based on issuer exposure) (voluntary).\nTop ten and bottom ten constituents by exposure to climate-related physical risks (voluntary).\nGHG intensity of the benchmark.\nPercentage of reported versus estimated emissions.\nPercentage of green bonds in the benchmark portfolio.\nSocial\nWeighted average social rating of the benchmark (voluntary).\nNumber of benchmark constituents subject to social violations (absolute number and relative number divided by all benchmark constituents), as referred to in international treaties and conventions, United Nations principles and, where applicable, UK law.\nAverage human rights performance of the issuers (including a quantitative indicator and the methodology used to calculate it).\nAverage income inequality score, measuring the distribution of income and economic inequality among the participants in a particular economy (including a quantitative indicator and the methodology used to calculate it).\nAverage freedom of expression score measuring the extent to which political and civil society organizations can operate freely (including a quantitative indicator and the methodology used to calculate it).\nGovernance\nWeighted average governance rating of the benchmark (voluntary).\nAverage corruption score measuring the perceived level of public sector corruption (including a quantitative indicator and the methodology used to calculate it).\nAverage political stability score, measuring the likelihood that the current regime will be overthrown by the use of force (including a quantitative indicator and the methodology used to calculate it).\nAverage rule of law score, based on the absence of corruption, respect for fundamental rights, and the state of civil and criminal justice (including a quantitative indicator and the methodology used to calculate it).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Annex 2 Section 3 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), 5(4)(d)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2020/1816/annex/II/section/3",
    "retrieved_at": "2026-11-01T14:42:19.347882+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}