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Home Resources Legal Updates September 2021

The Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021

21 September 2021
Amends/Commences: 
  • None
Comes into force: 1st October 2021
 
Jurisdiction: GB
 
Place focus on the financial risks of climate change that pension scheme members may be overexposed to. Trustees of some occupational pension schemes are required to take steps to reducing any risks relating to climate change and are required to produce annual reports. Furthermore, trustees must ensure that they identify, assess, and maintain an oversight of any climate-related risks and opportunity that are relevant to the scheme.
 
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