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Pensions: climate risk guidance

Pensions: climate risk guidance

Overview

The Pensions Climate Risk Industry Group (PCRIG) has published a consultation for occupational pension scheme trustees on "Aligning your Pension Scheme with the TCFD Recommendations". The consultation is on non-statutory guidance on assessing, managing and reporting climate-related risks.

There is also a "quick start guide" for trustees on the Task Force on Climate-related Financial Disclosures.

The guidance follows the inclusion by the government of new climate change risk governance requirements for pension schemes in the Pension Schemes Bill (see WHiP Issue 80).

The consultation is taking place on a DWP online portal. It was originally due to close on 7 May 2020 but the DWP announced an extension until 2 July 2020. The PCRIG aims to publish final guidance in Autumn 2020.

This is an extract from our 81st issue of What's Happening in Pensions.

Visit our Pensions page to read more about what we do and how we can help you. 

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