PARLIAMENTARY WRITTEN QUESTION
(12 December 2024)

To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 9 December 2024 to Question 17570 on Pension Funds: Environment Protection, if she will make an assessment of the potential merits of creating a legal obligation for UK-based pension schemes to divest from companies that are not compliant with the UK’s climate commitments.

Asked by:
Clive Lewis (Labour)

As set out in our answer of 9 December to Question 17570, in line with their fiduciary duty trustees of pension schemes have a responsibility to consider and review their approach to investment, stewardship and voting in light of the climate risks to their members. The Government has no current plans to change legislation.

Answered by:
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1 January 1970