Tag: Nest

Octopus Energy and Nest form joint venture with GLIL to invest £400m in world’s largest offshore wind farm

Stuart Mitchell

Octopus Energy Group’s generation business, one of Europe’s largest investors in renewable energy, has worked with Nest to take a stake in the Hornsea One Wind Farm, the world’s largest operational offshore wind farm, making a positive impact with UK pension savers’ money. Octopus Energy Generation’s fund management team invested £200m in Hornsea One on behalf of Nest, one of the UK’s largest pension schemes representing a third of the UK workforce. Through a joint venture with GLIL Infrastructure, who are also investing £200m, together they’ve acquired a 12.5% stake…

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Nest and UBS Asset Management call time on unresponsive energy companies

Stuart Mitchell

The pensions scheme Nest and UBS Asset Management (UBS AM) have sent a clear signal they expect companies to engage with shareholders around climate change, particularly energy companies which have an important role in the transition to the low carbon economy. Due to lack of progress in managing climate change risk, UBS AM removed (divested) its holdings in five energy companies: Exxon Mobil, Imperial Oil, Kepco, Marathon Oil and Power Assets. UBS AM has applied these exclusions across its suite of Climate Aware funds, including the one it manages for…

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Nest takes another step on net-zero journey

Stuart Mitchell

Nest, the workplace pension scheme representing a quarter of the UK workforce, will take another step in reducing its carbon footprint while increasing investment in emerging market equities. Emerging markets are set to continue outpacing growth in developed markets, driven by younger populations and a rising middle class.  Nest wants its members to benefit from this economic growth and by February 2021, the pension scheme plans to nearly double its investment in emerging markets, from around £480m as of September 2020 to an estimated £930m by February 2021 (from 3.6…

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Nest going net-zero to support green recovery

Stuart Mitchell

Nest, the largest pension scheme in the UK by membership with 9 million savers, has announced a new Climate Change policy to decarbonise its investment portfolio. The policy aims to align Nest with the Paris Agreement goals to keep global temperature rises within 1.5C above pre-industrial levels by 2050. It sets out a goal of being net-zero across its investments by 2050 or earlier, with the expectation that carbon emissions in its portfolio will halve by 2030. To help achieve this Nest is making a series of immediate commitments: move…

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Scott Brothers join Habitat for Humanity to launch Home is the Key campaign to drive support for affordable housing across U.S.

Stuart Mitchell

Nearly 19 million U.S. households spend more than half of their paychecks on housing costs, creating a burden that often requires families to make difficult choices between their housing, healthcare, education and transportation. Habitat for Humanity is doing something about it, with the support of Habitat Humanitarians Drew and Jonathan Scott, as well as five major brand partners that will be raising awareness and funds for affordable housing through the third-annual Home is the Key campaign during the month of April. The campaign partners—At Home, Chico’s FAS, Inc. (including its…

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