By summer of 2022, there will be further impetus for schemes to have considered climate change and stewardship practices, when it is expected that The Pensions Regulator’s (TPR) new single code of practice will come into force. It is anticipated that TPR will expect trustees to have undertaken a risk assessment covering investment risks relating to climate change, the use of resources and the environment; social risks; and the potential for depreciation of assets arising from systemic risks.
This guide by Chris Harper, in the form of a self-assessment checklist, sets out the key steps for trustees to consider when setting and implementing a responsible investment strategy in a manner that is appropriate and proportionate for their scheme.
Learn more here