eu climate transition benchmark
as defined in Regulation (EU) 2016/1011 of the European Parliament and of the Council of…, Article 3(1) (Definitions)
(23a)
‘EU Climate Transition Benchmark’ means a benchmark which is labelled as an EU Climate Transition Benchmark and fulfils the following requirements:
(a)
for the purposes of point 1(b)(ii) of this paragraph and of Article 19b, its underlying assets are selected, weighted or excluded in such a manner that the resulting benchmark portfolio is on a decarbonisation trajectory; and
(b)
it is constructed in accordance with the minimum standards laid down in the delegated acts referred to in Article 19a(2);