Pensions and climate change: the Pensions Regulator’s draft guidance
The Pensions Regulator has published a consultation introducing its proposed guidance on pensions climate risk. The draft guidance follows on from the introduction of the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021, which impose requirements on trustees or managers of large occupational pension schemes (those with more than £1bn in assets) to establish and maintain oversight of the climate-related risks and opportunities which are relevant to their scheme.