Joint Effort Provides Model for Pension Fund TCFD Bonds | News

The Investment Association (IA), the Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) have produced a template to help UK pension schemes meet new change reporting requirements climate they face.

The model provides a standardized set of data that pension plans need to calculate the emissions data required under the Climate Change Governance and Reporting Regulations, and associated legal guidelines.

The requirements are based on the framework of the Taskforce for Climate-related Financial Disclosures (TCFD).

“Collaboration will be key to addressing the climate crisis and bringing about change along the investment chain,” said Joe Dabrowski, deputy director of policy at PLSA.

“We are delighted to have worked closely with our industry peers at IA and ABI to bring the Carbon Emissions Model to our pension plan members,” he said. said, adding: “Complementing the PLSA’s existing library of responsible investing and stewardship guidance, the model will help schemes of all types and sizes with standardized reporting and comply with TCFD regulations.

The template contains separate data specifications for segregated mandates and pooled funds, with data to be provided for pension plan years ending on or after December 31, 2021.

Galina Dimitrova, director, investments and capital markets at IA, said the association is committed to working closely with its members and their pension fund clients to help them meet their own requirements in material of TCFD.

“This model enables the consistent and reliable transmission of TCFD data, using a proven technology solution already deployed by asset owners and investment managers,” she said.

“This will help make the process of calculating carbon emissions simpler and more efficient, and provide clients with key insights to help them assess the impact of their investment decisions.”

The model will also help insurers and investment managers meet their obligations under the rules set by the Financial Conduct Authority.

The working group that developed the carbon emissions model plans to begin the second phase of its work in the second quarter of 2022 to review implementation experiences, additional measures, latest and best regulatory developments. emerging practices.

A look at the model

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