Ralph McClelland comments on new DWP consultation on TCFD reporting


DWP has published a new consultation on climate change reporting, on which Ralph McClelland has commented:

“Following the industry working group report earlier in the year,  DWP has shown its continued commitment to the implementation of stricter climate related reporting for larger UK pension schemes by publishing today’s consultation.  DWP’s key proposals would mandate Task Force on Climate-related Financial Disclosures (TCFD) reporting for pension scheme trustees.  The DWP is targeting schemes with assets of £1bn or more, which casts the net widely.  While many pension schemes are already some way down this road, implementing the proposals could pose challenges for trustee boards, particularly those with smaller schemes. Responses are due in by 7 October.”

 

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