National Employment Savings Trust

National Employment Savings Trust (NEST) reported total carbon emissions of approximately 187,200 kg CO2e in 2024. This includes about 134,800 kg CO2e from Scope 2 emissions, primarily from purchased electricity (approximately 130,600 kg CO2e), and about 52,400 kg CO2e from Scope 3 business travel. This represents an increase from 2023, when total emissions were approximately 156,200 kg CO2e, with Scope 2 at about 129,000 kg CO2e and Scope 3 business travel at approximately 27,200 kg CO2e.

NEST has set several climate commitments. They aim to achieve net-zero carbon emissions across all scopes (1 to 3) by 2050 or sooner, aligning their entire investment portfolio with limiting global warming to 1.5°C above pre-industrial levels. For their listed equity and corporate bonds, NEST has a near-term intensity target to reduce Scope 1 and Scope 2 emissions by 30% by 2025, from a 2019 baseline. Furthermore, they have a 2030 target to achieve a 50% reduction in Scope 1 and Scope 2 emissions intensity on the same basis.