Article 5 Phase-in of Scope 3 GHG emissions data in the benchmark methodology
United Kingdom
The benchmark methodology for F1UK Climate Transition Benchmarks or F2UK Paris-aligned Benchmarks shall include Scope 3 GHG emissions data in the following way:
As of 23 December 2020, Scope 3 GHG emissions data for at least the energy and mining sectors referred to in Divisions 05 to 09 and 19 and 20 of F3SIC;
within two years from 23 December 2020, Scope 3 GHG emissions data for at least the transportation, construction, buildings, materials and industrial sectors referred to in Divisions 10 to 18, 21 to 33, 41, 42 and 43, 49 to 53 and Division 81 of SIC;
within four years from 23 December 2020, Scope 3 GHG emissions data for all other sectors referred to in SIC.
For the purposes of paragraph 1, point (a), from 23 December 2020 to 31 December 2021, administrators of UK Climate Transition Benchmarks and administrators of UK Paris-aligned Benchmarks may use fossil fuel reserves, where they demonstrate that they cannot calculate nor estimate Scope 3 GHG emissions data.
Annotations
Textual amendments
- F1
Words in Ch. 2 s. 1 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(4)(a)
- F2
Words in Ch. 2 s. 1 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(4)(b)
- F3
Word in Art. 5(1) 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(4)(d)
Notes on the whole EU Regulation
Textual amendments
- F1
Words in title substituted (18.10.2021) by The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 (revoked) 2021 (S.I. 2021/1074), reg. 6(2)