There’s a statutory requirement for the most important schemes to publish local weather change governance stories and the Regulator has printed its review of 30 such stories.
The place an occupational pension scheme has related belongings of £1 billion or extra on the finish of a scheme yr ending on or after March 1, 2022, it falls inside the reporting necessities, and the Regulator’s evaluation thought-about the standard and consistency of reporting towards each the authorized necessities and the statutory guidance.
The stories confirmed that trustees took a variety of actions to deal with local weather dangers and alternatives. These included updating DC default way of life methods to incorporate sustainable funds, growing allocation to low carbon tracker funds, and articulating stewardship priorities on local weather change mitigation, local weather change adaptation and avoiding biodiversity loss.
