Climate Benchma…

Climate Benchmarks Regulation

Regulation (EU) 2019/2089
In forceRegulationSustainable Finance

This Regulation amends the EU Benchmarks Regulation (EU 2016/1011) to establish a regulatory framework for EU Climate Transition Benchmarks (EU CTB) and EU Paris-aligned Benchmarks (EU PAB), together with sustainability-related disclosure requirements for benchmarks. By introducing minimum standards, clear labelling requirements and methodological transparency, this Regulation ensures the quality and integrity of low-carbon benchmarks and prevents greenwashing, in order to channel capital in the EU internal market towards sustainable investment and to support the global objective of limiting greenhouse gas (GHG) emissions.

Timeline

  1. 29 Dec 2019
    Entry into force
  2. 30 Apr 2020
    ESG factor disclosure requirements

Key facts

Reference
Regulation (EU) 2019/2089
Adopted
27 Nov 2019
Published
9 Dec 2019
Status
In force
Amendments
Amends Dir 2005/29/EC and Dir 2011/83/EU (consumer protection)
Topic
Sustainable Finance
Industries
Financial Services

Main compliance requirements

Paid members only

The main compliance requirements, applicability questions and penalties are available in the ZC Smart Compliance Hub. Paid members and clients can sign in to the Hub to view them.

View in the Smart Compliance Hub ↗Apply for Library access

Related legislation

  • Amends Regulation (EU) 2016/1011 (on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds)

Official sources

Regulation (EU) 2019/2089 amending Regulation (EU) 2016/1011 as regards EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks and sustainability-related disclosures for benchmarks

Full text on EUR-Lex (Regulation (EU) 2019/2089)

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