Governance and reporting of climate change risk: guidance for trustees of occupational schemes
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This guidance aims to improve both the quality of governance and the level of action trustees must take in identifying, assessing and managing climate risk.
From 1 October 2021 the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations (Northern Ireland) 2021 introduce new requirements relating to reporting in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. These aim to improve both the quality of governance and the level of action by trustees in identifying, assessing and managing climate risk.