The Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations (Northern Ireland) 2021
PART 1Introduction
1Citation and commencement
PART 2Climate Change Governance and Reporting
2Interpretation
3Climate change governance etc. requirements
4Climate change governance etc. requirements: authorised master trust schemes
5Climate change governance etc. requirements: authorised collective money purchase schemes
6Climate change reporting and publication requirements
PART 3Compliance
7Compliance notices
8Third party compliance notices
9Penalty notices
10Penalty notices: recovery
11Penalty notices: recovery from bodies corporate
12Review of notices
13References to the First-tier Tribunal or Upper Tribunal
14Service of notifications and other documents
15Service by electronic means
SCHEDULE
PART 1Climate change governance etc. requirements
Governance
1Trustees must establish and maintain oversight of the climate-related risks...
2Trustees must establish and maintain processes for the purpose of...
Strategy
3Trustees must, on an ongoing basis, identify climate-related risks and...
4For the purpose of paragraph 3, the time periods which...
5Trustees must, on an ongoing basis, assess the impact of...
6Trustees must, as far as they are able, undertake scenario...
7For the purposes of paragraph 6, the matters are—
8The scenario analysis required by paragraph 6 must be undertaken—...
9For the purposes of paragraph 8(a), trustees may rely on...
10Trustees must, in each scheme year except the first scheme...
11Where— (a) the trustees have determined in accordance with paragraph...
Risk management
12Trustees must establish and maintain processes for the purpose of...
13Trustees must establish and maintain processes for the purpose of...
14Trustees must ensure that the processes required by paragraphs 12...
Metrics and targets
15Trustees must in the first scheme year in respect of...
16Trustees must from time to time, as appropriate to the...
17Where, following a review in accordance with paragraph 16, the...
18Subject to paragraph 19, trustees must in each scheme year,...
19In the first scheme year in respect of which the...
19ATrustees must in each scheme year, as far as they...
20Trustees must in each scheme year, as far as they...
21For the purposes of paragraphs 18 , 19A and 20...
22Trustees must in the first scheme year in respect of...
23Trustees must in each scheme year, including the first scheme...
24Where trustees have determined in accordance with paragraph 23(b) that...
General and interpretation
25Where this Part provides that trustees must meet a requirement...
26In this Part— “absolute emissions metric” means a metric which...
PART 2Information to be included in a report under regulation 6
27A statement describing— (a) how the trustees maintain oversight of...
2021 No. 244
Pensions

The Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations (Northern Ireland) 2021

Approved by resolution of the Assembly on 7th March 2022
Made
Coming into operation
The Department for Communities makes the following Regulations in exercise of the powers conferred by Articles 41A, 41B, 41C and 166(1) to (3) of the Pensions (Northern Ireland) Order 19951 and now vested in it2.