Pension Funds: Fossil Fuels
2026-06-22 · Department for Work and Pensions · 900681 · Official question
Question
To ask the Secretary of State for Work and Pensions, if he will issue guidance to pension funds on reducing investment in fossil fuels.
Answer
Pension fund investment decisions must remain grounded in fiduciary duty. Climate change is a financially material risk, and the existing regulatory framework ensures trustees assess and disclose climate-related risks, including those linked to fossil fue...