DWP

Department for Work and Pensions publishes regulations requiring schemes with £5bn or more in assets to report in line with the TCFD guidelines

Goal part of a raft of measures outlined in the pension giant's new ESG policy

Companies are routinely 'not meeting investor needs' on climate and environmental data in annual reports, Financial Reporting Council warns

Department for Work and Pensions consults on plans to drive long-term pensions sector investment into 'important sectors of the economy' such as green technology

Pension schemes holding more than £1bn of assets will be required to publicly disclose climate risk in their portfolios by 2023 or face penalties

But pensions trade body warns of 'unprecedented' government interference in climate strategies

New DWP regulations will require pension fund trustees to explain approach to ESG and climate risk factors in investment decisions

Green groups and pension industry welcome proposed reforms which could help shift investment away from fossil fuels towards low carbon economy

BEIS and Treasury officials warn they will be prepared to act if voluntary take-up of TCFD guidelines don't meet expectations