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Nest, officially known as Nest Labs, is a prominent player in the Other Business Services industry, headquartered in the United States. Founded in 2010, the company has made significant strides in the smart home technology sector, particularly with its innovative products such as the Nest Learning Thermostat and Nest Protect smoke detector. These devices are distinguished by their user-friendly interfaces and energy-saving capabilities, setting them apart in a competitive market.
With a focus on enhancing home automation and energy efficiency, Nest has established a strong market position, recognised for its commitment to sustainability and smart living solutions. Over the years, the company has achieved notable milestones, including its acquisition by Google in 2014, which has further propelled its growth and technological advancements. Nest continues to lead the way in creating intelligent home environments, making it a key player in the evolving landscape of smart home services.
33
DitchCarbon score
-3 vs industry average
Nest’s score of 33 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Business Services is among the least carbon-intensive industries
Industry performance
0.146
20182025
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2024
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Nest's reported carbon emissions
Nest, an organisation in the "Other business services (74)" industry based in the US, reported a total of approximately 3.79 billion kg CO2e for the year 2021. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
Specifically, Scope 1 emissions were approximately 399.81 million kg CO2e, and Scope 2 emissions were approximately 151.89 million kg CO2e. Scope 3 emissions were significantly higher, totalling approximately 3.42 billion kg CO2e. Within Scope 3, investments accounted for a substantial portion, with approximately 151.44 trillion kg CO2e, and waste generated in operations was approximately 454.00 million kg CO2e.
Nest's property fund manager, Legal & General Investment Management, has established a net-zero target for its real estate platform by 2050 or sooner. This commitment includes a near-term goal to reduce the operational carbon and energy intensity (Scopes 1 and 2 emissions) of landlord-controlled areas by 6% per annum, aiming for an overall reduction of 60% by 2030. These targets are set to commence in 2023 and conclude in 2030.
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Nest’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Nest26 days ago
33
DEAutomatic Environmental Control Manufacturing for Residential, Commercial, and Appliance UseView
6 days ago
100
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