Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021
At a glance
Enforced by
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Part 1 — Introduction
Browse 1 other section in this Part — procedural / definitional / commencement
Part 2 — Climate Change Governance and Reporting
Browse 5 other sections in this Part — procedural / definitional / commencement
Interpretation
Climate change governance etc. requirements
Climate change governance etc. requirements: authorised master trust schemes
Climate change governance etc. requirements: authorised collective money purchase schemes
Climate change reporting and publication requirements
Part 3 — Compliance
Browse 9 other sections in this Part — procedural / definitional / commencement
Compliance notices
Third party compliance notices
Penalty notices
Penalty notices: recovery
Penalty notices: recovery from bodies corporate and Scottish partnerships
Review of notices
References to the First-tier Tribunal or Upper Tribunal
Service of notifications and other documents
Service by electronic means
Other sections — not classified into a Part
These sections sit outside the numbered Parts — usually provisions added or moved by later amendments.
Browse 28 other sections
Trustees must establish and maintain oversight of the climate-related risks...
Trustees must establish and maintain processes for the purpose of...
Trustees must, on an ongoing basis, identify climate-related risks and...
For the purpose of paragraph 3, the time periods which...
Trustees must, on an ongoing basis, assess the impact of...
Trustees must, as far as they are able, undertake scenario...
For the purposes of paragraph 6, the matters are—
The scenario analysis required by paragraph 6 must be undertaken—...
For the purposes of paragraph 8(a), trustees may rely on...
Trustees must, in each scheme year except the first scheme...
Where— (a) the trustees have determined in accordance with paragraph...
Trustees must establish and maintain processes for the purpose of...
Trustees must establish and maintain processes for the purpose of...
Trustees must ensure that the processes required by paragraphs 12...
Trustees must in the first scheme year in respect of...
Trustees must from time to time, as appropriate to the...
Where, following a review in accordance with paragraph 16, the...
Subject to paragraph 19, trustees must in each scheme year,...
In the first scheme year in respect of which the...
Trustees must in each scheme year, as far as they...
Trustees must in each scheme year, as far as they...
For the purposes of paragraphs 18 , 19A and 20...
Trustees must in the first scheme year in respect of...
Trustees must in each scheme year, including the first scheme...
Where trustees have determined in accordance with paragraph 23(b) that...
Where this Part provides that trustees must meet a requirement...
In this Part— “absolute emissions metric” means a metric which...
A statement describing— (a) how the trustees maintain oversight of...
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- When schemes are subject to the requirements (opens in a new tab) from TPR Detailed Guidance
- Climate change governance guidance (opens in a new tab) from TPR Detailed Guidance
- Review of climate-related disclosures by occupational pension schemes 2023 (opens in a new tab) from TPR Detailed Guidance
- Review of climate-related disclosures by occupational pension schemes 2024 (opens in a new tab) from TPR Detailed Guidance
- Enforcement procedures: overview (opens in a new tab) from TPR Detailed Guidance
- Enforcement options (opens in a new tab) from TPR Detailed Guidance
- Monetary penalties policy (opens in a new tab) from TPR Detailed Guidance
- Penalty notices (opens in a new tab) from TPR Detailed Guidance
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
The Pensions Regulator
Regulates workplace pensions, defined benefit schemes, and master trusts. All employers must auto-enrol eligible workers into a workplace pension. Enforces employer duties …
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Regulators
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