Pensions and financial inclusion minister Guy Opperman has been confirmed as a keynote speaker for this year’s Sustainable Investment Festival.
Opperman has been spearheading the government's initiatives to make UK pension schemes more sustainable and was responsible for putting Task Force on Climate-Related Financial Disclosures (TCFD) into law in October last year - making the UK the first country in the world to embed these disclosures in statute for pension schemes.
The impact of what has been called an "utterly transformational" approach to climate reporting requirements cannot be underestimated. As a result of this initiative, the very largest pension schemes - master trusts and those with assets in excess of £5bn - will have to meet tough new climate reporting requirements, meaning they will have to measure, consider and set targets on climate risk as well as report on this in an annual TCFD report.
Pension funds with assets of more than £1bn will come into scope in October this year and the Department for Work and Pensions says it will consider if smaller schemes should also be in scope next year.
As part of his keynote address, Opperman will explain the role he believes the £2trn of assets under management in private pension arrangements can play in ensuring that information on climate-related risks and opportunities is available throughout the investment chain; look at the journey so far; and assess the next steps.
The Sustainable Investment Festival is the only event that brings together pension consultants, trustees, and scheme managers along with fund selectors and financial advisers to help them better integrate ESG into their investment portfolios and provide solutions for clients and investors who want to make a positive impact on society and the planet.
The 2022 festival will be taking place at the Brewery in London on 22-23 June. Register for the event here.
Our delegates can expect another line-up of inspiring keynote speakers, who will be challenging the industry to walk the talk on sustainable investing and sharing their insights on future trends.
• Be first to hear how the largest schemes have been dealing with Taskforce on Climate-related Financial Disclosure reporting
• Learn how pension schemes can assess and measure impact of their investments
• Debate with peers whether to exclude or engage to better align the carbon emission metrics of your investment portfolio
• Understand how trustees can achieve net-zero targets
The full agenda will be announced in the coming weeks so make sure you register now to receive full updates.