Methodology for UK Climate Transition Benchmarks
(1) The administrator of an UK Climate Transition Benchmarks shall formalise, document and make public any methodology used for the calculation of the benchmark, giving the following information, while ensuring confidentiality and the protection of "trade secrets" as defined in regulation 2 of the Trade Secrets (Enforcement, etc.) Regulations 2018 [S.I. 2018/597.]
(a) the list of the main constituents of the benchmark;
(b) all criteria and methods, including selection and weighting factors, metrics and proxies used in the benchmark methodology;
(c) the criteria applied to exclude assets or companies that are associated with a level of carbon footprint or a level of fossil fuel reserves that are incompatible with inclusion in the benchmark;
(d) the criteria for the determination of the decarbonisation trajectory;
(e) the type and source of data used to determine the decarbonisation trajectory for:
(i) Scope 1 carbon emissions, namely emis
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