Low carbon and positive carbon benchmarks

Published 20.08.2019

Level 1



  • On 19 December 2018, the Council reached an agreement on benchmarks and disclosure requirements.
  • On 18 June 2019, the Commission published the TEG report on EU Climate benchmarks and benchmark’ ESG disclosure



  • A trilogue agreement was reached on 25 February 2019.
  • The agreement has been approved by the EP plenary on 26 March.

Next Steps

  • Formal adoption of the Benchmark legislation by the Council followed by publication in the OJ.
  • TEG to open a consultation on its report, and publish a final version in September 2019.
  • Delegated acts are expected to be adopted by the EU Commission early 2020.

Level 2

  • On 19 December 2018, ESMA opened a consultation on disclosure requirements applicable to credit rating.
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