Nest announces climate strategy to support £450m emerging market investment By Sophie Smith 18/12/20 Nest has announced a new climate strategy to support plans to nearly double its investment in the "exciting growth area" of emerging markets. The strategy will mean that more than half (51 per cent) of the scheme’s overall portfolio, representing nearly £8bn, will be in dedicated climate-aware strategies as of February 2021. It will also support plans to nearly double the scheme's investment in emerging markets, increasing from around £480m as of September 2020 to an estimated £930m by February 2021, equal to 6 per cent of the scheme’s total portfolio.