PLSA welcomes TPR's new TCFD reporting but says more help for trustees is required

The Pensions and Lifetime Savings Association (PLSA) comments on The Pensions Regulator’s (TPR) new guidance on climate-related governance and reporting,

Nigel Peaple, Director Policy & Advocacy, PLSA, said: “The PLSA is pleased to see TPR’s new guidance on climate-related governance and reporting and we welcome the additional case studies, and step-by-step guide that is due in 2022. We also are pleased that our request to see new additions on qualitative scenario analysis has been heard and that this is being taken forward.

“However, we would welcome more guidance to be made available to trustees in both the toolkit and on the issue of covenant guidance – the employer's legal obligation and financial ability to support the scheme now and in the future, while integrating new climate change risk with accuracy – still remains.

“Climate-aware investing is at the forefront of a lot of decisions. To ensure that our members are best placed to deal with this continued issue it is vital that more is done to ensure the guidance and toolkits made available are fit for purpose as soon as possible.”

Mark Smith, Senior PR Manager
020 7601 1726 | [email protected]

Steven Kennedy, Senior PR Manager
020 7601 1737 | 07713 073024 | [email protected]