In January 2020, S&P Dow Jones Indices released a paper for the S&P Eurozone Paris-Aligned Climate Index Concept (PAC Concept). The PAC Concept aims to align with the proposals of the EU Technical Expert Group on Sustainable Finance (TEG), as published in its Final Report on Climate Benchmarks and Benchmarks’ ESG Disclosure dated September 2019, for the Paris-Aligned Benchmark—the more stringent of the two benchmarks proposed by the EU.
Furthermore, the PAC Concept aims to align with the TCFD’s recommendations on Climate Related Financial Risks and Opportunities. Since publication of the paper, we have received a lot of feedback on our approach, particularly with respect to the application of high climate impact sector neutrality
Read the full whitepaper now at the link below