Climate risk and stewardship for pension schemes - what do you need to know now?

In the videos below, we explore; how pension schemes can have an impact in combatting climate change and the actions pension schemes are taking to address these issues. 

View the session in its entirety:

• Climate risk and stewardship for pension schemes

View the presentations separately:

An interview with Guy Opperman MP

An interview to explore some of the key actions government expect pension schemes to take in relation to the changing world.

Guy Opperman MP, Parliamentary Under Secretary of State (Minister for Pensions and Financial Inclusion). James Wintle, Managing Director, Retirement – Willis Towers Watson.

Managing Climate Risk

We outline some of the strategic climate risk factors such as the size and nature of this risk for pension schemes and how one might integrate this into a risk management framework by incorporating a Carbon Journey Plan.

Alasdair Macdonald, Head of Advisory Portfolio Management – Willis Towers Watson

Panel Discussion: How schemes can measure the risk and the framework DB and DC schemes can use to manage the risk

We sought opinions on the how easy it is to build these approaches into an integrated risk management framework, and whether the current frameworks are still valid. How do members engage on matters such as climate risk?

David Aleppo, Head of UK Advisory Investment Services - Willis Towers Watson. David Fairs, Executive Director of Regulatory Policy, Analysis and Advice - The Pension Regulator. Jane Platt CBE, Chair - LifeSight. Denise Le Gal, Independent Chair - Brunel Pension Partnership Board. Keith Scott, Director - Law Debenture.

Implementing Climate Solutions

What are the different actions pension schemes can take to implement their climate risk management strategy and uncover opportunities as the whole economy transitions to net-zero? This session answers this question as well as addressing the importance of engagement and stewardship, and highlighting the reporting and monitoring challenges.

Luba Nikulina, Global Head of Research, Investments - Willis Towers Watson

Panel Discussion: Impactful solutions for combatting climate change, e.g. engagement, mandate design, climate solutions, longevity risk

This session answers questions such as: Are DC schemes able to properly manage this risk within the charge cap? Is engagement, divestment or investment in climate solutions the best way to tackle this? Does all of this make active management more or less attractive? This generates an engaging debate and discussion on these topics.

David Aleppo, Head of UK Advisory Investment Services - Willis Towers Watson. David Fairs, Executive Director of Regulatory Policy, Analysis and Advice - The Pension Regulator. Jane Platt CBE, Chair - LifeSight. Denise Le Gal, Independent Chair - Brunel Pension Partnership Board. Keith Scott, Director - Law Debenture.