Art. 19b

in force 2019-12-10 INSERTED+734 −0§

Amended by Regulation (EU) 2019/2089 32019R2089

applies from: unknown (an inserted provision states its own application date only in prose)

Sources disagree — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.

Article 19b is a new provision setting out requirements for EU Climate Transition Benchmarks, directing administrators to select, weight, or exclude underlying assets from companies following a decarbonisation trajectory by 31 December 2022, subject to disclosure of measurable carbon emission reduction targets, disaggregated emission reductions at subsidiary level, annual progress reporting, and a condition that related activities do not significantly harm other ESG objectives.

Cited: Art. 19b, v2

Article 19b
Requirements for EU Climate Transition Benchmarks
Administrators of EU Climate Transition Benchmarks shall select, weight, or exclude underlying assets issued by companies that follow a decarbonisation trajectory by 31 December 2022, in accordance with the following requirements:
(i) the companies disclose measurable carbon emission reduction targets to be achieved within specific timeframes;
(ii) the companies disclose a reduction in carbon emissions which is disaggregated down to the level of relevant operating subsidiaries;
(iii) the companies disclose annual information on progress made towards those targets;
(iv) the activities relating to the underlying assets do not significantly harm other ESG objectives.