Content Options

Content Options

View Options

Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

You are viewing the version of the document as on 2021-01-01.

Article 1 Definitions

For the purposes of this Regulation, the following definitions shall apply:

  1. (a)

    "greenhouse gas (GHG) emissions" means greenhouse gas emissions as defined in Article 3, point (1), of Regulation (EU) 2018/842 of the European Parliament and of the Council;

  2. (b)

    "absolute greenhouse gas (GHG) emissions" means tonnes of CO2 equivalent, as defined in Article 2, point (7), of Regulation (EU) No 517/2014 of the European Parliament and of the Council;

  3. (c)

    "greenhouse gas (GHG) intensity" means absolute GHG emissions divided by millions of euros in enterprise value including cash;

  4. (d)

    "enterprise value including cash" or "EVIC" means the sum, at fiscal year-end, of the market capitalisation of ordinary shares, the market capitalization of preferred shares, and the book value of total debt and non-controlling interests, without the deduction of cash or cash equivalents;

  5. (e)

    "investable universe" means the set of all investable instruments in a given asset class or group of asset classes;

  6. (f)

    "base year" means the first of a series of years in a benchmark.