Railpen: Considering climate risks and opportunities in employer covenant assessments for pension schemes
Assessing the strength of the employer’s covenant is part of an integrated approach to risk management and requires trustees to consider the employer’s ability to address a range of likely future scenarios.
This case study explores the steps Railpen Pension Scheme has taken to consider climate-related risks and opportunities into the employer covenant assessment process. This includes insight into the three stages of their analysis, as well as their next steps and top tips.
