diff --git a/core/audits/seo/crawlable-anchors.js b/core/audits/seo/crawlable-anchors.js
index 156e55f1303f..5746bbfbfb38 100644
--- a/core/audits/seo/crawlable-anchors.js
+++ b/core/audits/seo/crawlable-anchors.js
@@ -18,6 +18,16 @@ const UIStrings = {
   columnFailingLink: 'Uncrawlable Link',
 };
 
+const hrefAssociatedAttributes = [
+  'target',
+  'download',
+  'ping',
+  'rel',
+  'hreflang',
+  'type',
+  'referrerpolicy',
+];
+
 const str_ = i18n.createIcuMessageFn(import.meta.url, UIStrings);
 
 class CrawlableAnchors extends Audit {
@@ -45,10 +55,14 @@ class CrawlableAnchors extends Audit {
       role = '',
       id,
       href,
+      attributeNames = [],
+      listeners = [],
+      ancestorListeners = [],
     }) => {
       rawHref = rawHref.replace( /\s/g, '');
       name = name.trim();
       role = role.trim();
+      const hasListener = Boolean(listeners.length || ancestorListeners.length);
 
       if (role.length > 0) return;
       // Ignore mailto links even if they use one of the failing patterns. See https://github.com/GoogleChrome/lighthouse/issues/11443#issuecomment-694898412
@@ -62,6 +76,16 @@ class CrawlableAnchors extends Audit {
       if (rawHref.startsWith('file:')) return true;
       if (name.length > 0) return;
 
+      // https://html.spec.whatwg.org/multipage/text-level-semantics.html#the-a-element
+      // If the a element has no href attribute, then the element represents a placeholder for where a link might otherwise have been placed, if it had been relevant, consisting of just the element's contents.
+      // The target, download, ping, rel, hreflang, type, and referrerpolicy attributes must be omitted if the href attribute is not present.
+      if (
+        !attributeNames.includes('href') &&
+        !hrefAssociatedAttributes.some(attribute => attributeNames.includes(attribute))
+      ) {
+        return hasListener;
+      }
+
       if (href === '') return true;
       if (javaScriptVoidRegExp.test(rawHref)) return true;
 
diff --git a/core/gather/gatherers/anchor-elements.js b/core/gather/gatherers/anchor-elements.js
index 7ebb43c7de6b..93566eb5055b 100644
--- a/core/gather/gatherers/anchor-elements.js
+++ b/core/gather/gatherers/anchor-elements.js
@@ -54,6 +54,7 @@ function collectAnchorElements() {
         rel: node.rel,
         target: node.target,
         id: node.getAttribute('id') || '',
+        attributeNames: node.getAttributeNames(),
         // @ts-expect-error - getNodeDetails put into scope via stringification
         node: getNodeDetails(node),
       };
@@ -68,6 +69,7 @@ function collectAnchorElements() {
       rel: '',
       target: node.target.baseVal || '',
       id: node.getAttribute('id') || '',
+      attributeNames: node.getAttributeNames(),
       // @ts-expect-error - getNodeDetails put into scope via stringification
       node: getNodeDetails(node),
     };
@@ -119,9 +121,27 @@ class AnchorElements extends BaseGatherer {
     const anchorsWithEventListeners = anchors.map(async anchor => {
       const listeners = await getEventListeners(session, anchor.node.devtoolsNodePath);
 
+      /** @type {Set<{type: string}>} */
+      const ancestorListeners = new Set();
+      const splitPath = anchor.node.devtoolsNodePath.split(',');
+      const ancestorListenerPromises = [];
+      while (splitPath.length >= 2) {
+        splitPath.length -= 2;
+        const path = splitPath.join(',');
+        const promise = getEventListeners(session, path).then(listeners => {
+          for (const listener of listeners) {
+            ancestorListeners.add(listener);
+          }
+        }).catch(() => {});
+        ancestorListenerPromises.push(promise);
+      }
+
+      await Promise.all(ancestorListenerPromises);
+
       return {
         ...anchor,
         listeners,
+        ancestorListeners: Array.from(ancestorListeners),
       };
     });
 
diff --git a/core/test/audits/seo/crawlable-anchors-test.js b/core/test/audits/seo/crawlable-anchors-test.js
index c79a11469ff6..9efa4c79fbb4 100644
--- a/core/test/audits/seo/crawlable-anchors-test.js
+++ b/core/test/audits/seo/crawlable-anchors-test.js
@@ -15,7 +15,11 @@ function runAudit({
   onclick = '',
   name = '',
   id = '',
+  attributeNames = [
+    (rawHref || href) ? 'href' : null, role ? 'role' : null, name ? 'name' : null,
+  ].filter(Boolean),
   listeners = onclick.trim().length ? [{type: 'click'}] : [],
+  ancestorListeners = [],
   node = {
     snippet: '',
     devtoolsNodePath: '',
@@ -30,10 +34,12 @@ function runAudit({
       href,
       name,
       listeners,
+      ancestorListeners,
       onclick,
       role,
       node,
       id,
+      attributeNames,
     }],
     URL: {
       finalDisplayedUrl: 'http://example.com',
@@ -56,12 +62,13 @@ describe('SEO: Crawlable anchors audit', () => {
     assert.equal(runAudit({rawHref: '//example.com'}), 1, 'protocol relative link');
     assert.equal(runAudit({rawHref: 'tel:5555555'}), 1, 'email link with a tel URI');
     assert.equal(runAudit({rawHref: '#'}), 1, 'link with only a hash symbol');
+    assert.equal(runAudit({}), 1, 'placeholder anchor element');
     assert.equal(runAudit({
       rawHref: '?query=string',
     }), 1, 'relative link which specifies a query string');
 
     assert.equal(runAudit({rawHref: 'ftp://'}), 0, 'invalid FTP links fails');
-    assert.equal(runAudit({rawHref: '', href: 'https://example.com'}), 1, 'empty attribute that links to current page');
+    assert.equal(runAudit({rawHref: '', href: 'https://example.com', attributeNames: ['href']}), 1, 'empty attribute that links to current page');
   });
 
   it('allows anchors acting as an ID anchor', () => {
@@ -79,7 +86,11 @@ describe('SEO: Crawlable anchors audit', () => {
     });
     assert.equal(auditResult, 1, 'Href value has no effect when a role is present');
     assert.equal(runAudit({role: 'a'}), 1, 'Using a role attribute value is an immediate pass');
-    assert.equal(runAudit({role: ' '}), 0, 'A role value of a space character fails the audit');
+    assert.equal(
+      runAudit({role: ' ', attributeNames: ['rel']}),
+      0,
+      'A role value of a space character fails the audit'
+    );
   });
 
   it('handles anchor elements which use event listeners', () => {
@@ -96,6 +107,17 @@ describe('SEO: Crawlable anchors audit', () => {
     });
     assert.equal(auditResultWithInvalidHref, 0, 'invalid href with any event listener is a faile');
 
+    const auditResultWithNoHref = runAudit({
+      listeners: [{type: 'nope'}, {type: 'another'}, {type: 'click'}],
+    });
+    assert.equal(auditResultWithNoHref, 0, 'no href with any event listener is a fail');
+
+    const auditResultWithParentListenerNoHref = runAudit({
+      ancestorListeners: [{type: 'nope'}, {type: 'another'}, {type: 'click'}],
+    });
+    assert.equal(auditResultWithParentListenerNoHref, 0,
+      'no href with any event listener on a parent is a fail');
+
     const auditResultNoListener = runAudit({
       rawHref: '/validPath',
     });
@@ -103,9 +125,18 @@ describe('SEO: Crawlable anchors audit', () => {
   });
 
   it('disallows uncrawlable anchors', () => {
-    assert.equal(runAudit({}), 0, 'link with no meaningful attributes and no event handlers');
+    assert.equal(
+      runAudit({attributeNames: ['href']}),
+      0,
+      'link with an empty href and no other meaningful attributes and no event handlers'
+    );
+    assert.equal(runAudit({attributeNames: ['target']}), 0, 'link with only a target attribute');
     assert.equal(runAudit({rawHref: 'file:///image.png'}), 0, 'hyperlink with a `file:` URI');
-    assert.equal(runAudit({name: ' '}), 0, 'name attribute with only space characters');
+    assert.equal(
+      runAudit({name: ' ', attributeNames: ['rel']}),
+      0,
+      'name attribute with only space characters'
+    );
     assert.equal(runAudit({rawHref: ' '}), 1, 'href attribute with only space characters');
     const assertionMessage = 'onclick attribute with only space characters';
     assert.equal(runAudit({rawHref: ' ', onclick: ' '}), 1, assertionMessage);
diff --git a/types/artifacts.d.ts b/types/artifacts.d.ts
index 19ae925055fa..d8cce226b607 100644
--- a/types/artifacts.d.ts
+++ b/types/artifacts.d.ts
@@ -365,9 +365,13 @@ declare module Artifacts {
     node: NodeDetails
     onclick: string
     id: string
+    attributeNames: Array<string>
     listeners?: Array<{
       type: Crdp.DOMDebugger.EventListener['type']
     }>
+    ancestorListeners?: Array<{
+      type: Crdp.DOMDebugger.EventListener['type']
+    }>
   }
 
   type BFCacheReasonMap = {