Rest
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 1 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Rest's reported carbon emissions
In 2023, Rest reported total carbon emissions of approximately 12,997,000 kg CO2e, with Scope 1 emissions at 0 kg CO2e, Scope 2 emissions at 116,000 kg CO2e, and Scope 3 emissions at approximately 12,881,000 kg CO2e. This marked a significant increase from 2022, where total emissions were about 2,624,000 kg CO2e. In 2021, Rest's total emissions were approximately 1,173,300 kg CO2e, with Scope 2 emissions at 116,000 kg CO2e and Scope 3 emissions at about 2,508,000 kg CO2e. The company has consistently reported Scope 1 emissions as 0 kg CO2e across the years. Despite the substantial emissions figures, Rest has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for clearer climate commitments within the organisation. Rest's Weighted Average Carbon Intensity (WACI) for listed Australian shares has shown a decreasing trend, from 0.433 in 2018 to 0.246 in 2021, indicating a potential shift towards more sustainable investment practices. However, further details on their climate strategy and commitments remain unspecified.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 116,000 | 000,000 | 000,000 |
| Scope 3 | 2,508,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Rest is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
