UK becomes 'first major economy' to require climate risk reporting from pension schemes

James Phillips
clock • 2 min read

Department for Work and Pensions publishes regulations requiring schemes with £5bn or more in assets to report in line with the TCFD guidelines

The government has brought forward regulations to mandate the largest schemes to assess and report on their climate change risk to investments, it announced today. The Department for Work and Pensions...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Study: Shake-up required to bring financial system 'within planetary boundaries'

Study: Shake-up required to bring financial system 'within planetary boundaries'

'Polycrisis' of economic, social and environmental challenges demands more active effort to reshape sustainable finance, CISL report claims

Stuart Stone
clock 19 May 2025 • 5 min read
'Lessons in chemistry': Chemicals industry accused of 'significantly underestimating' climate related risks

'Lessons in chemistry': Chemicals industry accused of 'significantly underestimating' climate related risks

New Planet Tracker study warns chemical companies are under-pricing carbon costs and undermining decarbonisation efforts

clock 08 May 2025 • 4 min read
Reports: Watchdog urges banks and insurers to plug 'gaps' in tackling climate risks

Reports: Watchdog urges banks and insurers to plug 'gaps' in tackling climate risks

Bank of England to instruct banks and insurers to carry out internal reviews on climate-related risks

Stuart Stone
clock 01 May 2025 • 3 min read