UK Gov't Outlines Pension Climate Reporting Rules

Law360, London (June 8, 2021, 2:52 PM BST) -- British pension schemes will be required to publicly disclose the potential impact of climate change on their portfolios from October, under new regulations outlined by the government Tuesday.

The Department for Work and Pensions said the rules, which were floated as part of a consultation at the start of the year, will offer greater transparency to savers over how their money is invested. The department said the regulations will be implemented the month prior to the 26th United Nations Climate Change Conference, which will be hosted in Glasgow, Scotland, in November.

"Climate change is the number one issue of our generation, and...

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