Nest Pledges £5bn to Combat Climate Change, Targets Net Zero by 2050
Nest, the UK's largest workplace pension scheme, has announced a significant commitment to combat climate change. The pension provider, which serves over 12 million members, will invest £5bn in a global equity fund focused on energy transition basics. This substantial investment, to be deployed over the next six years, is part of Nest's pledge to achieve net zero emissions by 2050.
The fund, actively managed by Lombard Odier Investment Managers, will concentrate on key areas such as climate change mitigation, adaptation, natural capital, and social trends. Nest's Chief Investment Officer, Liz Fernando, praised Lombard Odier's dynamic approach to portfolio construction and robust sustainability research capabilities. This collaboration aims to drive meaningful change in the fight against climate change.
Nest's commitment goes beyond just investing. The pension scheme has pledged to reduce its Scope 1 and Scope 2 emissions intensity by 30% by 2025, an interim target on its journey to net zero by 2050. This demonstrates Nest's dedication to responsible investing and its role in shaping a sustainable future.
With this £5bn investment, Nest is not only demonstrating its commitment to tackling climate change but also showing its confidence in the potential of the energy transition theme. The fund, managed by Lombard Odier, will focus on areas that can make a real difference in mitigating and adapting to climate change. This significant move by Nest underscores the importance of responsible investing in driving meaningful change.
Read also:
- chaos unveiled on Clowning Street: week 63's antics from 'Two-Tier Keir' and his chaotic Labour Circus
- Racing ahead in Renewable Energy Dominance: Changzhou, Jiangsu Pushes for Worldwide Renewable Energy Ascendancy
- Colorado's Proposition 112: A 2,500-Foot Fracking Buffer on the Ballot
- Renault Group to Discuss Decarbonization and Circular Economy Strategies at ChangeNow 2023 Event
