DWP Climate and Investment Reporting: Setting Expectations and Empowering Savers
The DWP consulted on a new Paris alignment portfolio metric for pensions that pension schemes will need to report in mandatory TCFD reports. The paper also proposed introducing new statutory and non statutory guidance on SIPs and Implementation Statements, and sought views on a new Vote Reporting Template.
The PLSA has responded welcoming the new metrics, though seeking a delay in implementation of one year. We have also noted concerns about the lack of clarity in some of the new guidance.