Stuart O’Brien comments on TCFD reporting by pension trustees


Partner, Stuart O’Brien, has commented in Pensions Expert on reporting by pension trustees under the Task Force on Climate-related Financial Disclosures (TCFD), as the HSBC Bank (UK) Pension Scheme files its second report.

Whilst the government may seek powers for mandatory disclosure of climate change risks, Stuart comments that the new rules “only give a regulation making power to government, so there is a little way to go before mandatory TCFD reporting becomes the law”.

Stuart also confirms that only a few schemes have already reported, such as the HSBC scheme, but says “However, I think there are quite a number of ‘fast followers’ – ie, schemes that have this on their radar and are currently doing the work to prepare for their first report”.

Read the full article here.

 

 

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