On 8 April 2021, we discussed in our blog post the UK government’s consultation on the draft climate risk regulations under the Pension Schemes Act 2021. The government has recently published a response to the draft regulations, the finalised regulations and the accompanying statutory guidance. The new regulations will apply to trustees of larger occupational pension schemes from 1 October 2021.
In a new podcast, Mayer Brown Counsel Beth Brown sets out the reporting requirements under the new regulations and the accompanying statutory guidance, and identifies the changes made to the consultation regulations. Listen on Mayer Brown’s youtube channel and, for more information, see our earlier Legal Update on the response to the consultation.