UK. Pensions minister: Climate risk must be at the heart of pension decision making
By Guy Opperman
Evidence of climate change is undeniable. If all the statistics currently making headlines aren’t enough, the considerable amount of extreme weather witnessed right across the globe, from soaring temperatures in Canada and the Pacific North West, to devastating flash flooding across Europe and China, is further proof of its impact.
There are just under three months to go until the UK hosts the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow, and we are accelerating action across every corner of government to reach our target of net zero by 2050.
It is clear the UK leads the way in action on climate change. And the pandemic has only strengthened our resolve.
As the first major economy to legislate for net zero, and the first to introduce mandatory reporting of climate-related financial information for occupational pension schemes, we’ve made our commitment to tackling climate change clear.
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