Stuart O’Brien chairs TCFD working group
Partner, Stuart O’Brien, is chair of a joint industry working group set up by the government and The Pensions Regulator (TPR) to develop guidance for pension schemes on reporting in-line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
The group comprises representatives from TPR, the Department for Work and Pensions (DWP), and the Department for Business, Energy and Industrial Strategy (BEIS), as well pension schemes, investment managers, data providers and other groups.
The working group will deliver best-practice guidance across governance, risk management, scenario analysis and disclosure, which it is intended will be put “on a statutory footing” next year as part of TPR’s governance code, following consultation.
Further details can be seen in Professional Pensions