Nest estimated to nearly double investment in emerging market equity (shares) Nest’s Head of RI: “Emerging markets are an exciting growth area, and we believe we can continue to successfully invest while working towards our net-zero goal” 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 to 6 per cent of Nest’s total portfolio). At the same time, the carbon footprint of this growth will need to be carefully managed if Nest is to meet its net-zero ambitions.