Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 9 December 2024 to Question 17570 on Pension Funds: Environment Protection, if she will make an assessment of the potential merits of creating a legal obligation for UK-based pension schemes to divest from companies that are not compliant with the UK’s climate commitments.

As set out in our answer of 9 December to Question 17570, in line with their fiduciary duty trustees of pension schemes have a responsibility to consider and review their approach to investment, stewardship and voting in light of the climate risks to their members. The Government has no current plans to change legislation.