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Reform of EU Financial Benchmarks for Climate and Sustainability

Summary

This proposal introduces new EU rules for financial benchmarks, creating specific categories for climate transition and Paris-aligned investments to prevent greenwashing.
10 09.12.2019
Other
finance
environment
business and competition

Key points

  • Introduction of new financial benchmark categories specifically for climate transition and Paris-aligned goals.
  • Companies included in climate transition benchmarks must have measurable and evidence-based emission reduction plans.
  • Paris-aligned benchmarks must exclude companies engaged in fossil fuel exploration, extraction, or distribution.
  • Benchmark administrators are required to explain how their methodology reflects environmental, social, or governance factors.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 on low carbon benchmarks and positive carbon impact benchmarks Low carbon benchmarks and positive carbon impact benchmarks ***I
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