Wednesday, 26 August 2020
Today, the UK Department for Work and Pensions announced a new consultation to mandate climate governance and risk reporting for occupational schemes.
ClientEarth Lawyer Kyla Taylor said:
“This consultation could be the crucial next step towards meaningful governance and reporting of climate risks by pension schemes. It stems from the ongoing climate change risk amendments proposed in the Pension Schemes Bill, which are also welcome.
“It could serve as a framework for others within and outside of the pensions industry that need to follow suit.
“We hope the detail of the consultation will provide ambitious proposals that require the industry to take strategic action on climate change and hold those who are not acting on climate risks to account.”
ClientEarth is a charity that uses the power of the law to protect people and the planet. We are international lawyers finding practical solutions for the world’s biggest environmental challenges. We are fighting climate change, protecting oceans and wildlife, making forest governance stronger, greening energy, making business more responsible and pushing for government transparency. We believe the law is a tool for positive change. From our offices in London, Brussels, Warsaw, Berlin and Beijing, we work on laws throughout their lifetime, from the earliest stages to implementation. And when those laws are broken, we go to court to enforce them.