EU Platform on Sustainable Finance publishes updated handbook on climate transition and Paris-aligned benchmarks

The Platform on Sustainable Finance, an advisory body to the European Commission (EC) has published an updated version of its handbook on Climate Transition Benchmarks and Paris-Aligned Benchmarks (version 2), and has also updated its webpage. The first version of the Handbook was published in December 2019, and was in response to frequently asked questions (FAQs) faced by the TEG benchmarks subgroup members when presenting the EU Climate Transition Benchmark (EU CTB), the EU Paris Aligned Benchmark (EU PAB) , and the benchmarks' disclosure guidance on environmental, social or governance (ESG) issues. The updated version covers clarifying (i) the 7% Reduction Trajectory, (ii) matters of terminology, explaining (iii) the anti-greenwashing measures, (iv) data sources and estimation techniques (v) related classification, and (vi) ESG disclosure matters. Each response to a FAQ in the updated version will also now indicate whether it is from 2019 or 2025, as well as referring to which publications of the TEG, may be relevant.

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