Statutory guidance

Governance and reporting of climate change risk: guidance for trustees of occupational schemes

This guidance aims to improve both the quality of governance and the level of action by trustees must take in identifying, assessing and managing climate risk.

• From: Department for Work and Pensions
• Published: 8 June 2021
• Last updated: 24 June 2021
  Show all updates

  1. 24 June 2021

     Edited statutory guidance Part 2, paragraph 20 (3rd bullet) from ‘including assets which are…’ to ‘excluding assets which are…’. Also updated consultation and statutory guidance to fix minor typographical and grammatical errors.

  2. 8 June 2021

     First published.

Documents

Governance and reporting of climate change risk: guidance for trustees of occupational schemes

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Governance and reporting of climate change risk: guidance for trustees of occupational schemes

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Details

From 1 October 2021 the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 introduce new requirements relating to reporting in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. These aim to improve both the quality of governance and the level of action by trustees in identifying, assessing and managing climate risk.