DWP consults on climate action by trustees
Our viewpoint
27 August 2020
The Department for Work and Pensions has launched a consultation on “Taking action on climate risk: improving governance and reporting by occupational pension schemes”.
It sets out firm proposals for mandating the existing Government expectation that large schemes will disclose their approach to managing climate risks and opportunities by 2022, in line with the recommendations of the Taskforce on Climate-related Financial Disclosures.
This will be done using regulations and statutory guidance, as provided for through the Pension Schemes Bill currently before Parliament.
For more details download our News Alert here
Watch our on-demand webinar to learn about DWP’s proposals and actions that trustees can take now.