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ARTICLE · 15 MAY 2023

Great Expectations: Regulator Publishes Blog On Climate Change Reporting

Norton Rose Fulbright
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The Regulator has published a blog in which it discusses why it is putting extra emphasis on compliance with environmental social governance (ESG) and climate change reporting duties in 2023.

United KingdomEnvironment
Lesley Browning
Lesley Browning
Shane O'Reilly
Shane O'Reilly

The Regulator has published a blog in which it discusses why it is putting extra emphasis on compliance with environmental social governance (ESG) and climate change reporting duties in 2023. The Regulator wants trustees, as well as their advisers, to be aware of its expectations and to understand why the focus on ESG is important, so they will be better motivated to meet those expectations.

The Regulator intends to check that trustees of schemes with 100 or more members give detail in their statement of investment principles on how they consider financially material ESG factors including, but not limited to, climate change. These trustees must also publish an implementation statement (IS) which shows how the principles in the SIP have been implemented.

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