About this initiative
Summary: This initiative requires companies that publish financial benchmarks to explain clearly how environmental, social and governance criteria are reflected for each benchmark/family of benchmarks.
Benchmarks help traders and investors assess how a company’s sustainability and ethical practices affect its performance.
The initiative also provides rules on:
the extent to which benchmark statements comply with the Paris Climate Agreement
the standard format for references to the 3 criteria.
Topic: Banking and financial services
Type of act: Delegated regulation