Source · Select Committees · Work and Pensions Committee
Recommendation 7
7
We have not considered wider environmental, social and governance factors in detail during our inquiry.
Recommendation
We have not considered wider environmental, social and governance factors in detail during our inquiry. The Department for Work and Pensions’ consultation on social risks and opportunities by occupational pension schemes closed recently and it is important that these factors are considered holistically. We expect to look closely at the Government’s response to that consultation. We urge the Government to publish its consultation response within three months. In the response, it should outline its approach for developing regulations relating to climate change alongside other environmental, social and governance factors. (Paragraph 29) Scheme governance
Government Response
Acknowledged
HM Government
Acknowledged
The Department for Work and Pensions plans to publish a Government response to the call for evidence in 2022. The Call for Evidence was an information gathering exercise and any changes in policy would be subject to further public consultation.