Rest Sustainability Profile
Rest, officially known as Rest Superannuation, is a leading superannuation fund headquartered in Australia. Established in 1988, Rest has grown to serve over 1.8 million members across the nation, with a strong presence in major operational regions including New South Wales and Victoria. Specialising in superannuation and retirement solutions, Rest offers a range of investment options and insurance products tailored to meet the diverse needs of its members. What sets Rest apart is its commitment to low fees and strong long-term performance, making it a preferred choice for many Australians seeking financial security in retirement. With a market position as one of the largest industry super funds in Australia, Rest has achieved significant milestones, including consistently high ratings for member satisfaction and investment returns.
DitchCarbon Score
How does Rest's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Rest's score of 16 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Rest's reported carbon emissions
In 2023, Rest reported total carbon emissions of approximately 12,997,000 kg CO2e globally, with 126,000 kg CO2e attributed to Scope 2 emissions from purchased electricity. Notably, there were no reported Scope 1 emissions. In Australia, the total emissions were about 2,624,000 kg CO2e, with 116,000 kg CO2e from Scope 2, again indicating no Scope 1 emissions. Rest has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The organisation's emissions data is not cascaded from a parent company, ensuring that the figures reflect its direct operations. Overall, Rest's emissions profile highlights a significant reliance on electricity, with a focus on managing Scope 2 emissions, while the lack of Scope 1 emissions suggests limited direct operational emissions. The absence of formal reduction commitments indicates an opportunity for Rest to enhance its climate strategy moving forward.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 116,000 | 000,000 |
| Scope 3 | 2,508,000 | 00,000,000 |
How Carbon Intensive is Rest's Industry?
How Carbon Intensive is Rest's Location?
Rest's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Rest has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
