Pursuant to items 6 and 7 of Annex I of the Delegated Regulation (EU) 2020/1816, when the response to Item 5 is positive, i.e. the benchmark or family of benchmarks pursues ESG objectives or, interchangeably, takes into account ESG factors (please refer to Q&A 10.13), the administrator should provide the details in relation to the ESG factors listed in Annex II of the same regulation. Therefore, it is only when the benchmark pursues ESG objectives or, interchangeably, takes into account ESG factors that the BMR requires the administrator to disclose in the benchmark statement the details in relation to the ESG factors.

So, when the benchmark does not pursue ESG objectives or, interchangeably, does not take into account ESG factors, the administrator should not disclose in the benchmark statement template the details of the ESG factors for the purpose of compliance with the BMR in order not to undermine the comparability of the information provided for different benchmarks and to allow investors to make informed choices.