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ARTICLE · 14 MAY 2024

The Pensions Brief: April 2024

Mayer Brown
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The Pensions Regulator (TPR) has published its latest review of TCFD reports. The review covered 30 reports for scheme years ending between 1 October 2022...

United KingdomEmployment and HR
Katherine Carter
Katherine Carter
Jay Doraisamy
Jay Doraisamy
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Issues affecting all schemes

Climate change – TCFD reports

The Pensions Regulator (TPR) has published its latest review of TCFD reports. The review covered 30 reports for scheme years ending between 1 October 2022 and 30 September 2023, representing around 10% of the total reports for that period. Key findings included:

  • It was helpful to include scheme information near the beginning of reports to put the rest of the report in context.
  • When referring to specific investment mandates, it was helpful to explain their size relative to the total scheme assets.
  • The quality of reports could be improved by including specifics on policies in place, steps taken to manage risks and information received from advisers, rather than generic wording.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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