The Pensions Regulator warns trustees not to shirk their climate risk disclosure responsibilities.
UK pension plans could face enforcement action if they fail to provide any mandatory climate risk disclosures, The Pensions Regulator (TPR) warns.
TPR recently released a climate change strategy ahead of proposed regulations under the Pension Schemes Act 2021 that would require trustees of pension plans with 100 members or more to make mandatory climate risk disclosures. The strategy highlights the regulator’s expectations that plan trustees will abide by existing requirements to publish a statement of investment principles and policies on stewardship and financially material environmental considerations, as well as an implementation statement.
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Why trustees must embrace ESG sooner rather than later
Tusa: There will be more focus on the actions schemes must take to manage the risks posed by our changing climate
Lucy Tusa
At a glance
There is growing focus on the actions schemes need to take to manage the risks posed by climate change
Closer relationships with managers are being sought and trustees are being expected to become more active asset owners
It is likely that schemes embracing this new direction of travel will prove to be more resilient in this area
Regulatory pressures over ESG will only intensify. Lucy Tusa says it is better for trustees to embrace this direction of travel sooner rather than later
EP Global Opportunities Trust Plc - Annual Financial Report
PR Newswire
ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
The full Annual Report and Financial Statements can be accessed via the Company s website at www.epgot.com or by contacting the Company Secretary by telephone on 0131 270 3800.
HIGHLIGHTS
At 31 December 2020, the net asset value per share was 308.4p, a decrease of 3.9% over the year. With dividends re-invested, the net asset value total return was -1.3%.
The share price discount to net asset value per share was 7.9%, compared to 3.4% at the prior year end. With dividends re-invested, the share price total return was -5.6%.
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