The Official Training Manual under the section on climate benchmarks states:
“The EUParis-Aligned Benchmark (PAB)… requires aninitial 50% reduction in carbon intensityrelative to the investable universe, and ongoingannual decarbonisation of at least 7%thereafter.”
This clearly aligns with optionC. Options A and B are partially true of other indices (e.g., Climate Transition Benchmark), but only thePABexplicitly includes the 50% emission reduction requirement.
????Reference:2021-Final-Book.pdf, Chapter 8, ESG Integrated Portfolio Construction and Management.
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