{
  "url": "https://openlegislation.uk/occupational-pension-schemes-climate-change-governance-and-reporting-amendment-modification-and-transitional-provision-regulations-2022/regulation-2",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-climate-change-governance-and-reporting-amendment-modification-and-transitional-provision-regulations-2022/regulation-2.json",
  "legislation": "uksi/2022/733",
  "legislation_title": "The Occupational Pension Schemes (Climate Change Governance and Reporting) (Amendment, Modification and Transitional Provision) Regulations 2022",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-climate-change-governance-and-reporting-amendment-modification-and-transitional-provision-regulations-2022",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of the Principal Regulations",
  "text": "(1) The Principal Regulations are amended as follows.\n(2) In Part 1 of the Schedule (climate change governance etc. requirements)—\n(a) in paragraph 15—\n(i) at the end of sub-paragraph (b) omit “and”;\n(ii) after sub-paragraph (b) insert—\n“(ba) one portfolio alignment metric; and”;\n(b) after paragraph 19, insert—\n“19A. Trustees must in each scheme year, as far as they are able—\n(a) obtain the data required to calculate their selected portfolio alignment metric;\n(b) use the data obtained to calculate that metric in relation to the scheme’s assets; and\n(c) use the metric they have calculated to identify and assess the climate-related risks and opportunities which are relevant to the scheme.”;\n(c) in paragraph 21, after “paragraphs 18” insert “, 19A”;\n(d) in paragraph 26—\n(i) in the definition of “additional climate change metric”, at the end, insert “or a portfolio alignment metric”;\n(ii) after the definition of “greenhouse gas” insert—\n““portfolio alignment metric” means a metric which gives the alignment of the scheme’s assets with the climate change goal of limiting the increase in the global average temperature to 1.5 degrees Celsius above pre-industrial levels;”.\n(3) In Part 2 of the Schedule, (information to be included in a report under regulation 6) in paragraph 27(n), after “paragraphs 18” insert “, 19A”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/733/regulation/2",
    "retrieved_at": "2026-10-28T21:58:09.275772+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}