TPR increases climate and ESG focus

For those with an interest in putting money to work in ways that make sense for people, the planet and investors there are few more important areas than the pensions, given the size of that market –  which I am delighted to flag recent TPR activity…

The Pensions Regulator increases focus on climate and ESG non compliance  –  announced 22 February 2023

The media release begins as follows:

“A new campaign to make sure trustees are meeting their environmental social governance (ESG) and climate change reporting duties is being launched by The Pensions Regulator.

As part of the campaign, TPR will launch a regulatory initiative in the spring to check whether trustees are publishing important data on ESG. Emails are being sent to DB, DC and hybrid schemes making clear that TPR is analysing scheme return data to monitor compliance.”

TPR has also launched guidance for trustees, available here.