The Occupational Pension Schemes (Climate Change Governance and Reporting) (Amendment, Modification and Transitional Provision) Regulations (Northern Ireland) 2022 - screening
Date published:
The proposed Statutory Rule introduces new requirements for trustees of certain occupational pension schemes to calculate and disclose a portfolio alignment metric describing the extent to which the scheme’s assets are aligned with the climate change goal of limiting the increase in the global average temperature to 1.5oC above pre-industrial levels.
The requirements will apply to trustees from 1 October 2022 according to the value of relevant scheme assets, or whether the scheme has been authorised for certain purposes. This is with a view to further ensuring that there is effective governance of those schemes with respect to the effects of climate change.
Exisiting/Revised/New: Revised
Date of Screening: 08/09/2022
Screening Outcome - Full EQIA recommended: No