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ARTICLE · 05 SEPTEMBER 2023

The Pensions Brief - August 2023

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The Pensions Regulator (TPR) has published a blog post on how trustees can make climate scenario analysis "decision-useful".

United KingdomEmployment and HR
Jay Doraisamy
Jay Doraisamy
Andrew Block
Andrew Block
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Issues affecting all schemes

Climate scenario analysis - blog post

The Pensions Regulator (TPR) has published a https://blog.thepensionsregulator.gov.uk/2023/08/29/how-trustees-can-help-make-climate-scenario-analysis-decision-useful/ blog post on how trustees can make climate scenario analysis "decision-useful". The post looks at some of the problems that have been identified in relation to the climate scenario analysis being conducted by trustees and sets out steps that trustees should take to improve their scenario analysis.

Action

Trustees of schemes that are subject to the climate change governance and reporting requirements (i.e. schemes with £1 billion+ of assets) should review the blog post and factor TPR's comments into their next climate scenario analysis.

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