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The National Employment Savings Trust, commonly known as NEST, is a prominent UK-based public corporation operating within the services auxiliary to financial intermediation industry. It specialises in providing a comprehensive workplace pension scheme designed for auto-enrolment.
Established by the government, NEST was founded to support the landmark auto-enrolment initiative introduced by the Pensions Act 2008, officially launching in 2011. Its headquarters are located in Great Britain, serving employers and members across the entire United Kingdom.
NEST offers a simple, low-cost defined contribution pension solution, enabling millions of individuals to save for their retirement. As one of the UK's largest workplace pension providers, NEST plays a crucial role in enhancing retirement savings for a diverse workforce, from small businesses to large corporations.
-2 vs industry average
National Employment Savings Trust’s score of 35 is lower than 49% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Services Auxiliary to Financial Intermediation has below-average carbon intensity
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
National Employment Savings Trust reported total emissions of 187,200 kg CO2e in 2024. This includes 134,800 kg CO2e from Scope 2 emissions, primarily from purchased electricity (130,600 kg CO2e), and 52,400 kg CO2e from Scope 3 business travel. In 2023, total emissions were 156,200 kg CO2e, with 129,000 kg CO2e from Scope 2 (126,000 kg CO2e from purchased electricity) and 27,200 kg CO2e from Scope 3 business travel. The company's emissions in 2022 were 159,800 kg CO2e, comprising 157,700 kg CO2e from Scope 2 (154,100 kg CO2e from purchased electricity) and 2,100 kg CO2e from Scope 3 business travel.
National Employment Savings Trust aims to align its investment portfolio with limiting global warming to 1.5°C by achieving net-zero carbon emissions across Scope 1, Scope 2, and Scope 3 by 2050 or sooner. They have set a near-term target to reduce Scope 1 and Scope 2 emissions intensity in their listed equity and corporate bonds by 30% by 2025 from a 2019 baseline, and by 50% by 2030 on the same basis.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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