Local Government Pension Scheme (England and Wales): Governance and reporting of climate change risks: PLSA response
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The Department of Levelling Up, Housing and Communities has consulted on introducing mandatory Taskforce on Climate Related Financial Disclosures in the Local Government Pension Scheme.
In our response, the PLSA:
- Broadly welcomed the proposals, which are consistent with the existing requirements for private sector schemes.
- Noted our concerns that this will introduce extensive reporting for the smallest of LGPS funds, and encouraged some more analysis of the viability of this.
- Highlighted some concerns about the practicalities of introducing a ‘scheme wide’ report, and the usefulness of aggregated metrics.