The National Employment Savings Trust (Nest) has launched its mobile application ‘Nest Pensions’, currently available only on iOS devices, which aims to provide members with access to their pension information through their mobile devices. The app gives members access to their pension pot balance, detailed breakdowns of their contributions, the ability to manage beneficiaries and update their personal information, and a secure inbox for important updates. Nest will be rolling out the app to Android users in the coming weeks. Nest have also planned enhancements to the app, including biometric access, a quick way to pay into a Nest pension pot, and the ability to transfer funds.

Nest has announced a new partnership with Legal & General (L&G) and Dutch pension fund service provider PGGM to invest in Build to Rent schemes across the UK and support delivery of high-quality rental housing and the government’s target of delivering more homes. The partnership has initially committed £350m combined and predicts to expand its portfolio to £1bn over the coming years.

The National Employment Savings Trust (Nest) has published its 2023/24 annual report, revealing significant growth despite economic challenges. As of 31 March 2024, the scheme managed £40.6bn on behalf of 13 million members, up from £29.6bn and 12 million members the previous year, monthly contributions averaged £605m, increasing from £543m in 2022/23, and Nest invested £19.9 billion in its climate-aware equities strategies, growing from £352m in 2018. The Nest 2040 Retirement Date Fund delivered a 10-year annualised return of 8.3% net of fees. Looking ahead, Nest projects its UK investments to reach £20bn by 2030.

Nest has announced that, for the first time, it will be publishing specific information about its UK investments on its website, reflecting the pension scheme's commitment to transparency and its focus on supporting the UK economy. Research conducted by Nest revealed that the majority of its members wanted more information about how Nest invests in the UK and many were unaware of the extent of these investments in their pension pots. To address this, Nest will be publishing a quarterly summary of UK investments.

The GDV less acquisition costs, applies in the case of commercial developments.

[is a state where Scope 1, 2 and 3 Greenhouse Gases [sequestered OR removed from the atmospher OR absorbed by the [processes OR activities]] [ of [name of party]] are greater than the Scope 1, 2 and 3 Greenhouse Gases emitted[ by [name of party]]. OR is a state where there is a net [sequestration OR removal OR absorption] effect from either production or total lifecycle impact of a product leading to negative Scope 1, 2 and 3 Greenhouse Gas Emissions. OR means that the aggregate of [a party’s OR the Company’s] actions to reduce its GHG Emissions and remove them from the atmosphere exceeds its unabated GHG Emissions. OR is a state where the [activity OR technology] absorbs more Scope 1, 2 and 3 Greenhouse Gases from the atmosphere than it emits.] The amount of Scope 1, 2 and 3 Greenhouse Gases [sequestered OR removed from the atmosphere OR absorbed by [the process OR activities]] must be measured using a standardised method of measuring and quantification to be agreed between the parties.

means the amount to be paid by the [insert the name of the party/ies] where Net Negative is achieved by [date].

[means a state of balance by [2050/insert other date] between all [of a party’s OR the Company’s/Parties’] sources and sinks of emissions of Greenhouse Gases (GHGs) [in each calendar year] achieved by both an overall reduction and a removal of emissions of GHGs to achieve [the goals of the Paris Agreement OR Paris Agreement Goals]]. OR means a state of balance by [2050/insert other date] between sources and sinks of Greenhouse Gas (GHG) Emissions [in each calendar year] [and for each subsequent year thereafter] achieved by both reducing GHG Emissions overall and removing GHG Emissions to achieve [the goals of the Paris Agreement OR Paris Agreement Goals]]. OR means the time when the Company [and its Affiliates] [has OR have], according to an Independent Expert appointed by [x]: (a) reduce its Scope 1, 2 and 3 Greenhouse Gas (GHG) Emissions to a level consistent with the goals of the Paris Agreement/Paris Agreement Goals; (b) fully offset its Residual Emissions by permanently removing an equivalent amount of GHGs through the use of Climate Change Mitigation Measures; and (c) adhered to the UNFCCC requirements for just transition.]

MLex: EU governments' preferred criteria for renewable-energy auctions in the Net Zero Industry Act will be defended by Belgian negotiators in upcoming talks with the European Parliament, a document seen by MLex shows. They said they also plan to defend the path set by governments on the application of non-price criteria to auctions.

means all of the following: (a) maximise the proportion of housing in the Development that meets Level 6 of the Code for Sustainable Homes[ or any successor or equivalent standard]; (b) use construction materials with the lowest Embodied Carbon reasonably available; (c) maximise the-generation of renewable energy on the Development; (d) minimise the use of heating and hot water technologies that use Hydrocarbons or produce Greenhouse Gases; (e) establish a programme to produce and sell renewable electricity generated by the development to residents or third parties; (f) maximise capture of carbon dioxide at the Development by mechanical or natural means; (g) use Carbon Offsetting for the Development as a last resort; (h) minimise the use of energy by the development using smart grid, demand side energy management and other technologies; (i) prioritise the use of electricity from Renewable Energy Sources over all other types of fuel on the Development; (j) maximise the use of electric vehicles within the Development including by installing a substation with sufficient capacity to be able support the related charging requirements, and (k) connect into existing district heating schemes where possible.

means a clause included in a commercial property or land sale contract providing an additional payment to be paid by the buying party to the selling party after the sale has been completed if the buying party has failed to meet its Net Zero Objectives.

[means a Paris Aligned target to achieve by 2050 both a reduction of GHG Emissions overall and a removal of GHG Emissions associated with Offsets acquired to address Residual Emissions of [insert party’s name] to achieve Net Zero in a calendar year and for each subsequent year thereafter. OR means both a reduction of GHG Emissions overall and a removal of GHG Emissions associated with Offsets acquired to address the Residual Emissions of a [party OR the Company/Parties] by [date/2050 or sooner] to achieve a balance between the [Company's OR Parties’] sources and sinks of GHG Emissions in a calendar year and for each subsequent year thereafter and to achieve [the goals of the Paris Agreement OR Paris Agreement Goals]. OR means a Paris Aligned target to achieve by 2050 a balance between the sources and sinks of GHG Emissions in a calendar year and for each subsequent year thereafter by both removing GHG Emissions overall and using Offsets to cover Residual Emissions. OR means the goal of achieving by [2050/insert other date] a balance between a party’s emissions and removals of greenhouse gases aligned with the Paris Agreement goals.]