Written Question·Department for Work and Pensions·UIN 900681

Pension Funds: Fossil Fuels

Tabled: 23 June 2026

Answered: 29 June 2026

Named Day

Question

Neil Duncan-Jordan

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

Torsten Bell

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...

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