EU Climate Transition Benchmark definition

EU Climate Transition Benchmark means a benchmark which is labelled as an EU Climate Transition Benchmark and fulfils the following requirements:
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EU Climate Transition Benchmark means a benchmark that is labelled as an EU Climate Transition Benchmark where the underlying assets, for the purposes of point 1(b)(ii) of this paragraph, are selected, weighted or excluded in such a manner that the resulting benchmark portfolio is on a decarbonisation trajectory and which is also constructed in accordance with the minimum standards laid down in the delegated acts referred to in Article 19a(2). EU Climate Transition Benchmark providers 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:
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EU Climate Transition Benchmark means a benchmark that is labelled as an EU Climate Transition Benchmark where the underlying assets, for the purposes of point 1(b)(ii) of this paragraph, are selected, weighted or excluded in such a manner that the resulting benchmark portfolio is on a decarbonisation trajectory and which is also constructed in accordance with the minimum standards laid down in the delegated acts referred to in Article 19a(2). EU Climate Transition Benchmark providers 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) companies disclose measurable and time-based carbon emission reduction objectives; (ii) companies disclose an carbon emission reduction which is disaggregated down to the level of relevant operating subsidiaries; (iii) companies disclose annual information on progress made towards those objectives; (iv) the activities of the underlying assets shall not significantly harm other ESG objectives.
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Examples of EU Climate Transition Benchmark in a sentence

  • In 2019, the EU amended its benchmark regulation to create a Paris- Aligned Benchmark and an EU Climate Transition Benchmark, and adopted a regulation on sustainability-related disclosures for the financial services sector.

  • The Index is not classified as EU Climate Transition Benchmark (as defined in Article 3(1) (23a) of the BMR) or EU Paris-aligned Benchmark (as defined in article 3(1) (23b) of the BMR).

  • In February 2019, the co-legislators reached a political agreement resulting in the creation of two new types of ‘Climate-related Benchmarks’ (the EU Paris Aligned Benchmark and the EU Climate Transition Benchmark).

  • There is no reference benchmark that qualifies as an EU Climate Transition Benchmark or an EU Paris-aligned Benchmark under the Regulation (EU) 2016/1011.

  • In February 2019, the co-legislators reached a political agreement resulting in the creation of two new types of ‘Climate-related Benchmarks’ (the EU Paris AlignedBenchmark and the EU Climate Transition Benchmark).

  • The Fund does not rely on an EU Climate Transition Benchmark or EU Paris-aligned Benchmark and does not seek to align with the methodological requirements set out in Delegated Regulation 2020/1818.

  • None of the benchmarks provided by the Administrator is a EU Climate Transition Benchmark or a EU Paris-aligned Benchmark’ in the sense of the Article 3 (1) (23a) and (23b) of the BMR.

  • Furthermore, in order to prevent greenwashing, conditions for the deviation from the decarbonisation trajectory and for the right to continue to label a benchmark as an EU Climate Transition Benchmark or as an EU Paris-aligned Benchmark should be specified.

  • It is expected therefore that a significant share of investments will be in environmentally sustainable economic activities.No EU Climate Transition Benchmark or EU Paris‐aligned Benchmark is available for the Fund.

  • EU Climate Transition Benchmark’ means a benchmark that is labelled as an EU Climate Transition Benchmark where the underlying assets, for the purposes of point 1(b)(ii) of this paragraph, are selected, weighted or excluded in such a manner that the resulting benchmark portfolio is on a decarbonisation trajectory and which is also constructed in accordance with the minimum standards laid down in the delegated acts referred to in Article 19a(2).


More Definitions of EU Climate Transition Benchmark

EU Climate Transition Benchmark underlying assets are selected, weighted or excluded in such a manner that the resulting benchmark portfolio is on a 2019): • Aim: Provide consistency, combat ‘greenwashing’ decarbonisation trajectory
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Related to EU Climate Transition Benchmark

  • SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;

  • Lowest Achievable Emission Rate (LAER) means, for any source, the more stringent rate of emissions based on the following:

  • Change in Control Protection Period means the period commencing on the date a Change in Control occurs and ending on the first anniversary of such date.

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  • Benchmark Transition Start Date means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

  • Non-Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Lowest achievable emission rate (LAER) means for any source, that rate of emissions which reflects the most stringent emission limitation which is contained in the implementation plan of any State for such class or category of source, unless the owner or operator of the proposed source demonstrates that such limitations are not achievable, or the most stringent emission limitation which is achieved in practice by such class or category of source, whichever is more stringent. In no event shall the application of this term permit a proposed new or modified source to emit any pollutant in excess of the amount allowable under applicable New Source Standards of Performance.

  • Change in Control Price means the highest price per share of Stock offered in conjunction with any transaction resulting in a Change in Control (as determined in good faith by the Committee if any part of the offered price is payable other than in cash) or, in the case of a Change in Control occurring solely by reason of a change in the composition of the Board, the highest Fair Market Value of the Stock on any of the 30 trading days immediately preceding the date on which a Change in Control occurs.

  • Participating Certified Clinical Nurse Specialist means a Certified Clinical Nurse Specialist who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Change in Control Benefits means the following benefits:

  • Replacement Benchmark means a benchmark rate which is:

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • Change in Control Date means the date on which a Change in Control occurs.

  • SOFR Benchmark Replacement Date means the Benchmark Replacement Date with respect to the then-current Benchmark;

  • ASAM criteria means admission, continued service, transfer, and discharge criteria for the treatment of substance use disorders as published by the American Society of Addiction Medicine (ASAM).

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • System for Award Management (SAM means the primary Government repository for prospective Federal awardee and Federal awardee information and the centralized Government system for certain contracting, grants, and other assistance-related processes. It includes—

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Intermediate Distribution Frame (IDF means a second frame that augments an existing Main Distribution Frame. Lines or outside cables that do not terminate on the IDF.

  • System for Award Management (SAM) database means the primary Government repository for contractor information required for the conduct of business with the Government.

  • Inclusionary development means a development containing both affordable units and market rate units. This term includes, but is not necessarily limited to: new construction, the conversion of a non-residential structure to residential and the creation of new affordable units through the reconstruction of a vacant residential structure.

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Contract Award Date means the date of the Contract award notice, which may take the form of a purchase order, signed Contract or Notice of Award, issued by the Authority.