Now showing 1 - 2 of 2
  • Publication
    TEG Final Report on Climate Benchmarks and Benchmarks’ ESG Disclosure
    (European Commission, 2018-06-13) ; ; ;
    The agreement reached by the European co-legislators on the regulation amending Regulation (EU) 2016/2011, as part of the Commission's Action Plan on Financing Sustainable Growth, resulted in two essential measures regarding investment benchmarks. The first is the creation of two types of climate benchmarks, i.e. the 'EU Climate Transition Benchmark (EU CTB) and EU Paris-aligned Benchmark (EU PAB)’. The second measure is the definition of Environmental, Social and Governance (ESG) disclosure requirements that shall be applicable to all investment benchmarks. The main objectives of the new climate benchmarks are to (i) allow a significant level of comparability of climate benchmarks methodologies while leaving benchmarks’ administrators with an important level of flexibility in designing their methodologies; (ii) provide investors with an appropriate tool that is aligned with their investment strategy; (iii) increase transparency on investors’ impact, specifically with regard to climate change and the energy transition; and (iv) disincentivize greenwashing.
  • Publication
    Handbook of Climate Transition Benchmarks, Paris-Aligned Benchmark and Benchmarks’ ESG Disclosure
    (European Commission, 2019-12-20) ; ; ;
    This Handbook is a response to frequently asked questions, which the TEG benchmarks subgroup members encountered when presenting the EU Climate Transition Benchmark (EU CTB), the EU Paris Aligned Benchmark (EU PAB), and the benchmarks’ disclosure guidance on environmental, social or governance (ESG) issues.10 The Handbook commences by (i) clarifying the 7% Reduction Trajectory and (ii) matters of terminology. It continues by explaining (iii) the anti-greenwashing measures, (iv) data sources and estimation techniques as well as (v) related classification. Finally, (vi) ESG disclosure matters are discussed and (vii) further aspects are highlighted. Detailed appendices provide computation and sector mapping guidance.