Referral to The Pensions Regulator - LGPS funds

ClientEarth and ShareAction have serious concerns about the way in which many LGPS funds are approaching the financial risks associated with climate change, putting scheme members' savings at risk.

While some LGPS funds are showing excellent practice on the assessment and management of climate risk, others are failing.

In this referral, we set out our concerns, lay out a number of misconceptions, and call on The Pensions Regulator (TPR) to look more deeply into the matter.