In the UK, disclosures per the Taskforce for Climate-Related Disclosures (TCFD) framework became mandatory for the largest pension schemes (£5 billon+ assets), authorised master trusts and CDC schemes (once established) in October 2021. Smaller schemes (£1 billion+) will need to comply from 1 October 2022.
It’s important to be aware of the possible pitfalls on the path to effective climate-related financial disclosures and consider what pension schemes can do to avoid these, including: