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How pension schemes have developed their net zero strategies

How pension schemes have developed their net zero strategies

27 Mar 2025

In this report, XPS presents an analysis of climate reports across 45 pension schemes representing approximately £400bn of assets. The analysis summarises the key trends and learnings.

Despite the backward steps from governments and companies on climate commitments in 2025, the report shows that 75% of schemes have set net zero targets (up from 60% last year) and there have been positive actions taken within investment strategies to address climate change risks.

Read our full TCFD Year 3 Review here

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Alex Quant

Alex Quant
Head of ESG Research 

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