Case studies: integrating climate risks and carbon journey planning

We have created three case studies to help demonstrate what effects climate change can have on pension schemes, and how Trustees can manage this risk.

The case studies cover a range of different schemes, facing different challenges.

• Integrating sustainability: A DC Master Trust that has concerns over climate change risk, which decided to manage this with a holistic ESG approach.
• Integrating climate risks and opportunities: A DB scheme whose sponsor is involved in energy production and supply therefore is directly impacted by climate change. How do they account for this impact on their assets and liabilities?
• Carbon journey planning: The sponsor and Trustee of a financial services provider, who manage multiple pension schemes, are concerned by the reputational risk of inaction on climate change.