questionText: To ask the Secretary of State for Work and Pensions, whether her Department has made an estimate of the proportion of UK pension scheme assets invested in fossil fuel-related holdings; and what plans she has to (a) encourage phased divestment from fossil fuels and (b) promote greater investment in climate solutions through the Pension Schemes Bill.
answerText: While the Department does not hold data on the proportion of UK pension scheme assets invested in fossil fuels, our largest pension schemes are mandated to conduct climate scenario analysis and report on their climate-related financial risks, including th...
heading: Pension Funds: Fossil Fuels