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Consultation Outcome Published 21 Jul 2021 Department for Work and Pensions ↗ View on GOV.UK

Taking action on climate risk: improving governance and reporting by occupational pension schemes – response and consultation on regulations

This consultation seeks views on proposals to require trustees of larger occupational pension schemes and authorised schemes to address climate change risks and opportunities.

Opened 27 Jan 2021
Closed 10 Mar 2021
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Attachments
▤ Verbatim text from source document

This document contains the government’s response to the August 2020 consultation – Taking action on climate risk: improving governance and reporting by Occupational Pension Schemes.

The August consultation was limited to our policy proposals in relation to ensuring occupational pension schemes have – and report on – effective governance, strategy, risk management and accompanying metrics and targets for the assessment and management of climate-related risks and opportunities.

This document also contains and consults on the draft legislation and draft statutory guidance that would enact the government’s policy proposals. These have been produced in light of the outcome of the August policy consultation.

About this consultation

Who this consultation is aimed at:

  • pension scheme trustees and managers
  • pension scheme members and beneficiaries
  • pension scheme service providers, other industry bodies and professionals
  • civil society organisations
  • any other interested stakeholders

Read the Statutory guidance about Governance and reporting of climate change risk: guidance for trustees of occupational schemes.