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Climate change Governance and Reporting Regulations

Risks and opportunities for UK pension schemes

The DWP has announced the phased introduction of mandatory climate change governance and disclosure requirements for UK pension scheme trustees, aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”).

Whilst initially only mandatory for the largest of schemes, the recommendations are considered best practice for trustees to manage climate-related risks and opportunities.

In this article, we set out the TCFD recommendations and actions for those trustees looking to adopt them.

Download the report here.

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