ESA Joint Committee · sfdr-28 Final

In Annex I, Table 2, indicator 18 (GHG emissions), do we take the % of ownership into account when calculating the total GHG emissions (i.e. should GHG emissions be calculated as sum of all GHG emissi

Regulation
SFDR
Answered
2022-11-17
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

In Annex I, Table 2, indicator 18 (GHG emissions), do we take the % of ownership into account when calculating the total GHG emissions (i.e. should GHG emissions be calculated as sum of all GHG emissions, or should we also include % ownership to make it a weighted average)? Annex I, Table 2, indicator 6 (water usage and recycling). How should one calculate the PAI in table 2 for indicators 6.1 (Average amount of water consumed and reclaimed by the investee companies (in cubic meters) per million EUR of revenue of investee companies) and 6.2 (Weighted average percentage of water recycled and reused by investee companies) considering that the first refers to ‘average’ and the latter refers to ‘weighted average’?

Answer

See paragraph 25 of the clarifications document: “25. Regarding the GHG emissions of real estate in indicator 18 of Table 2 of Annex I, the ESAs consider that the disclosure of the adverse impact for GHG emissions generated by real estate assets should reflect the share of ownership of the assets by the financial market participant, as detailed in the GHG emissions calculation formula in Annex I”.
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This Q&A is published by ESA Joint Committee (EBA, ESMA, EIOPA) and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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