The long-awaited delegated acts (Delegated Acts) required by
Regulation (EU) 2019/2089 (the Low Carbon Benchmarks Regulation),
which amends the EU Benchmarks Regulation (BMR), have been
published in the Official Journal of the European Union
(OJ). The Delegated Acts will enter into force on 23
December 2020, 20 days after their publication on 3 December 2020.
No substantial changes have been made to the official texts since
the Commission adopted the Delegated Acts on 17 July 2020.
The Delegated Acts set out (i) sustainability criteria in order
for a benchmark to qualify as an EU Climate Transition Benchmark or
EU Paris-aligned Benchmark, and (ii) the environmental, social, and
governance (ESG) disclosure requirements for benchmarks provided in
accordance with the BMR.
