Britain becomes first major country to force pension schemes to go green

BRITAIN today becomes the first major economy to push forward with plans to force pension schemes to go green.

"These world-leading regulations we outline today ensure these risks are accounted for, and are done so with total transparency. And this is a win win. Because we will not get to net zero without a reinvention of the economy, as it is retrofitted for a net zero world where our energy, our transport, and so much more is going to have to change.

They make the Taskforce for Climate-Related Financial Disclosures mandatory for occupational pensions schemes with £1bn or more in assets. Critically, this develops a system of accountability we have never had before and trustees will be required to show how climate change will affect their portfolio.

It means many opportunities for pension schemes to make investments in the technologies that will help get us to net zero, while also achieving strong returns.

The man in that picture seems to suffer from a rare genetic disorder

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