673A. Climate change risk.

673A.     Climate change risk.

Regulations may impose requirements on the trustees or managers of an occupational pension scheme of a prescribed description with a view to securing that there is effective governance of the scheme with respect to the effects of climate change1. The effects of climate change in relation to which provision may be made under the above provision include, in particular, risks arising from steps taken because of climate change (whether by governments or otherwise) and opportunities relating to climate change2. The requirements which may be imposed by the regulations include, in particular, requirements