The idea of “net zero alignment” does not have a single clear definition. Without a standardised definition, there is a risk that different pension schemes will interpret “net zero” in different ways. That will make it more difficult for savers to understand the approach their scheme is taking or to compare schemes. We recommend that the Pensions Regulator define net zero alignment.

The idea of “net zero alignment” does not have a single clear definition. Without a standardised definition, there is a risk that different pension schemes will interpret “net zero” in different ways. That will make it more difficult for savers to understand the approach their scheme is taking or to compare schemes. We recommend that the Pensions Regulator define net zero alignment. Type: recommendation | Number: 9 | Paragraph: 42 | Response status: under_consideration Government response: The Government understands the concerns of the Committee; however, there are difficulties associated with defining concepts which are in a state of rapid and ongoing development. Following the publication of the recent consultation ‘Climate and Investment Reporting’,29 the Department for Work and Pe