With climate change accelerating, it has never been more important for each of us to recognise the climate-related risks and opportunities we face. When we do, we can better see what actions can be taken to make positive change.
This isn’t just true for us as individuals, it’s also true for organisations of all sizes, including pension schemes.
The Trustee is committed to putting strong environmental governance at the heart of how the Scheme is run. And in doing so, ensuring the challenges of climate change are clearly understood and strategies are developed to effectively deal with them.
With this is mind, the Trustee has published a statement that outlines and examines these challenges. It also sets out its approach to managing them in the best interests of the Scheme and its members.
The Trustee’s statement has been prepared within a framework set out by the Taskforce on Climate-Related Financial Disclosures (TCFD). This taskforce is a group created by the Financial Stability Board, an international body that monitors and makes recommendations about the global financial system.
To read the Siemens Benefits Scheme 2021 TCFD Statement, please click here.
If you’d like to find out more about the TCFD, or the Financial Stability Board, please click here.