Art. 19b · Requirements for EU Climate Transition Benchmarks

Version in force 10 December 2019, Inserted +734 −0§

Amended by Regulation (EU) 2019/2089 32019R2089 on EUR-Lex (external, EUR-Lex)

Applies from: not readable (an inserted provision states its own application date only in prose) why

Not in every listWhat this means

Found in the text, but not every source lists it — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. The source that does not name it is the EU's own amendment metadata. All are shown; none is overruled.

Explanation, written by a model and checked against the cited text

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 (external, EUR-Lex)

v1 is the previous version, v2 this one.

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.