Consultation outcome

Aligning your pension scheme with the TCFD recommendations

• From: Department for Work and Pensions
• Published: 12 March 2020
• Last updated: 2 July 2021 — See all updates

This was published under the 2019 to 2022 Johnson Conservative government

This consultation has concluded

Detail of outcome

The response to this consultation was included in the guidance on Aligning your pension scheme with the Taskforce on Climate-Related Financial Disclosures recommendations published on 27 January 2021.

Feedback received

Public responses to the Aligning your pension scheme with the TCFD recommendations consultation

ZIP, 2.69 MB

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

---

Original consultation

Summary

A consultation on non-statutory guidance for occupational pensions on assessing, managing and reporting climate-related risks in line with the TCFD recommendations.

This consultation was held on another website.

This consultation ran from
10am on 12 March 2020 to 11:45pm on 2 July 2020

Consultation description

This consultation sets out non-statutory guidance for the trustees of occupational pension schemes on assessing, managing and reporting climate-related risks in line with the Taskforce on Climate-Related Financial Disclosures (TCFD).

This follows the Green Finance Strategy announcement in July 2019 of the establishment of an cross-government and industry group to develop and consult on the guidance.

• part 1 of the guidance introduces climate risk as a financial risk to pension schemes, trustees’ legal requirements and the TCFD recommendations
• part 2 sets out a suggested approach for the integration and disclosure of climate risk within the typical governance and decision-making processes of pension trustee boards, including defining investment beliefs, setting investment strategy, manager selection, and monitoring
• part 3 of the guide contains technical details on recommended scenario analysis and metrics that trustees may wish to consider using to record and report their findings

Documents

Aligning your pension scheme with the TCFD recommendations: consultation guidance

PDF, 1.36 MB, 104 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Aligning your pension scheme with the TCFD recommendations: consultation guidance

HTML

TCFD for trustees of pension schemes: quick start guide

HTML

Published 12 March 2020
Last updated 2 July 2021 + show all updates

1. 2 July 2021

   Published the public responses to the consultation.

2. 1 April 2020

   Extended the closing date, this consultation now closes at 11:45pm on 2 July 2020. Ensure your response to the draft guidance reaches us by that date as any replies received after that date may not be taken into account.

3. 12 March 2020

   First published.