Article 1 Definitions

For the purposes of this Regulation, the following definitions shall apply:

1. (a)

   ‘greenhouse gas (GHG) emissions’ means F1emissions of carbon dioxide (CO₂), methane (CH₄), nitrous oxide (N₂O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), nitrogen trifluoride (NF₃) and sulphur hexafluoride (SF₆);

2. (b)

   ‘absolute greenhouse gas (GHG) emissions’ means tonnes of CO₂ equivalentF2...;

3. (ba)

   F3“emissions”, in relation to a greenhouse gas, means emissions of that gas into the atmosphere that are attributable to human activity;

4. (bb)

   “global warming potential” and “GWP” have the same meaning as in Article 2(6) of Regulation (EU) No 517/2014;

5. (bc)

   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);

6. (c)

   ‘greenhouse gas (GHG) intensity’ means absolute GHG emissions divided by millions of F4pounds sterling in enterprise value including cash;

7. (d)

   ‘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;

8. (e)

   ‘investable universe’ means the set of all investable instruments in a given asset class or group of asset classes;

9. (f)

   ‘base year’ means the first of a series of years in a benchmark;

10. (g)

    F5“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.