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: Annual climate losses rise 10-fold this century to $1.4tr last year

Study: Annual climate losses rise 10-fold this century to $1.4tr last year

BloombergNEF analysis shows UK, Singapore, Canada, and Japan among those best prepared for worsening climate impacts, but global risks are rising fast

James Murray
clock 13 October 2025 • 4 min read
MPs warn awareness of flood risk remains 'dangerously low'

MPs warn awareness of flood risk remains 'dangerously low'

Environmental Audit Committee calls for creation of single national flood reporting and information service to help households and businesses combat rising flood risks

James Murray
clock 13 October 2025 • 4 min read
Study: Smaller UK pension schemes face greater exposure to climate risk

Study: Smaller UK pension schemes face greater exposure to climate risk

Simplified investment strategies mean smaller schemes face nearly twice the risk of negative performance, according to climate scenario modelling carried out by Broadstone

Holly Roach
clock 08 October 2025 • 2 min read