Following his recent talk at a joint Association of Pension
Lawyers and Society of Pension Professionals Event on ‘ESG
and Trustees' fiduciaries duties', Michael Aherne
considers how trustees should approach setting a ‘net
zero' target for their scheme.
With the increased focus on managing climate related risks, it
is becoming increasingly common for UK pension scheme trustees and
providers to set ‘net zero' targets for their scheme.
Typically, this involves setting a date by which the scheme's
activities will result in no net impact on the climate from
greenhouse gas emissions (GHG) (on the basis that
the amount of any GHG emissions put into the atmosphere by those
activities is the same as the amount that is removed).
