Article 6 Companies setting and publishing GHG emission reduction targets
United Kingdom
Administrators of F1UK Climate Transition Benchmarks and administrators of F2UK Paris-aligned Benchmarks may increase in those benchmarks the weight of the issuers of the constituent securities that set and publish GHG emission reduction targets, where the following conditions are fulfilled:
- (a)
the issuers of the constituent securities publish consistently and accurately their Scope 1, 2 and 3 GHG emissions;
- (b)
the issuers of the constituent securities have reduced their GHG intensity or, where applicable, their absolute GHG emissions, including Scope 1, 2 and 3 GHG emissions, by an average of at least 7 % per annum for at least three consecutive years.
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.
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)
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)