Your pension is invested, potentially for several decades. Along with other risk areas like interest rates, inflation, company performance and the economic cycle, climate change is also regarded as a financial risk to manage for pensions.
This includes both short-term and long-term risks and opportunities from rising temperatures, climate-related policy, and emerging technologies in our changing world.
Financial Conduct Authority (FCA) regulations, that came into effect on the 30 June 2023, mean that asset owners like Legal & General must make climate-related information available, consistent with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). The TCFD is an organisation established to help public companies and other organisations to increase transparency on climate-related risks and opportunities.
Against this backdrop, the climate-related financial disclosure reports included on this web page will help us to measure carbon-related (and other greenhouse gases) emissions data for our funds and lifestyle profiles. It will also help us understand potential external activities that could pose an investment risk and opportunity.
You can read a climate-related financial disclosure report for relevant investments within your pension to better understand its climate-related profile. These reports should be considered within a wider context of your overall long-term investment goals.
In addition to the fund and lifestyle product reports available below, more detail on our TCFD-aligned governance, strategy and management of climate risks are available in the following legal entity reports:
If you have any questions relating to any of the information, please refer to the frequently asked questions (FAQ) document.
More general information about how a pension can incorporate responsible investing is available on the Workplace ESG Hub.