BBC Pension Trust: Our Approach to Scenario Analysis
The BBC Pension Trust is a defined benefit pension scheme with over 47,000 members and assets under management of £17.3 billion.
This case study describes the steps that BBC Pension Trust has taken on climate scenario analysis as part of their implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). It describes why and how they have approached scenario analysis and what top tips they would give to peers.
This practical example is also included in the Pensions Climate Risk Industry Group’s guidance on aligning pension schemes to the recommendations of the TCFD.