RPTCL 2022 - Taskforce on Climate-Related Financial Disclosures

This Taskforce on Climate-related Financial Disclosure (TCFD) report explains the governance and actions taken by the Trustee in identifying, assessing and managing climate-related risks and opportunities in the railways pension schemes.

Michael Marshall / 19 July 2023

Railways Pension Trustee Company Limited (RPTCL), the corporate Trustee of the railways pension schemes, is focused on our mission to pay pensions securely, affordably, and sustainably.

The physical effects of climate change, and the policy and technological measures introduced to mitigate climate-related damages, are likely to have financial consequences for investors. In fact, the analytics in this report suggest we have a vested interest in supporting a lower temperature outcome, as this would benefit – economically as well as societally – the 350,000 members on whose behalf we invest. Climate change remains one of the most pressing issues of our time.

Read the 2022 TCFD report: 

Blue and yellow train at a station with blurred background. Logos of the Railways Pension Scheme and British Transport Police in top right corner