Beacon

Helping trustees and pension scheme sponsors better manage climate risks and opportunities.

Helping trustees and pension scheme sponsors better manage climate risks and opportunities

As climate change poses an increasingly significant challenge for defined benefit pension scheme sponsors, it is critical to understand and manage the risks and opportunities that arise from this rapidly evolving landscape. This can be complex, but that's where LCP Beacon comes in.

Beacon is an intuitive tool that helps pension scheme stakeholders better understand and engage with climate risks and opportunities, providing clear actions that are tailored to their unique circumstances.

Beacon is divided into two:

Beacon - this provides a valuable learning resource for understanding the different types of climate risks and opportunities, the factors trustees should be considering, and access to a series of questions you can ask your sponsor to better understand its sustainability strategy.

Explore now
Beacon interactive – Accessible though a demo which you can either arrange below or with one of our team. After guiding you through a series of questions about your scheme, your sponsor's climate strategy and an industry climate risk assessment, the tool will give you a list of actions tailored to your unique circumstances.

Arrange a demo

The tools work together to support trustees and sponsors to integrate climate risks and opportunities into their assessment of covenant strength, improving their journey planning and the management of climate risk.

Beacon can help you:

Discover the different types of climate risks and opportunities and how they may impact upon the company’s financial performance and position
Understand the effectiveness of the corporate sustainability strategy and identify areas for improvement
Determine the level of climate risk that may apply to the company’s industry

Work out how to identify assess and manage the key climate risks for your pension scheme
See example questions on strategy, climate risk management and emission levels that trustees can use to engage with your sponsor
Focus your resources on actions that are relevant to your scheme's unique characteristics

By gaining a deeper understanding of climate risks and opportunities, pension schemes will be better equipped to withstand the challenges posed by climate change.

Ready to get started with Beacon?

You can access Beacon here. After you’ve had a look, contact us to use Beacon interactive. Going through these stages together with us on Beacon interactive will equip you with actionable insights giving you control of the growing risks and opportunities brought about by climate change.