Climate and investment reporting: TPR statement

The Department for Work and Pensions published their consultation response Climate and investment reporting: setting expectations and empowering savers.

David Fairs, TPR’s Executive Director of Regulatory Policy, Analysis and Advice, said: “We welcome these new requirements which call on trustees of the largest pension schemes to clearly communicate to members how far their investments align with international efforts to limit global temperature rises. 

“Climate change poses a potential risk to the pension pots of all savers. These requirements should see the trustees of more schemes recognising those risks and explain their progress in addressing them to savers.”