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Nearly a third of DB trustees think net zero ‘isn’t relevant’

News article from Pensions Expert

Food for thought for SSAS pension providers maybe!

Thirty per cent of defined benefit pension trustees think efforts to push their schemes towards net zero emissions “isn’t relevant to them”, according to new research.

The industry has been subject to regular lobbying on the issue, including from campaigning groups such as Make My Money Matter, which has been vocal in its efforts to push schemes to adopt net zero targets.

A survey published by LCP on June 10 did acknowledge an increase in the number of schemes engaging with net zero targets. Four-fifths of schemes of more than £5bn in size told the consultancy that they either have or are working on a net zero target, compared with just over 30 per cent last year.  

There has also been an increase in the proportion of DB schemes that have considered the impact of climate change on their covenant, up to 70 per cent of schemes from 50 per cent in 2021.
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