Award

Provision of ESG Data

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Award

18 Jan 2023 at 11:55

Award Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) has awarded a contract for the provision of ESG (Environmental, Social & Governance) data to support its responsible investment activities. The contract duration is for 3 years, with a possible 12-month extension, starting from January 9th, 2023. The total contract value is £220,000. This procurement falls under the services category of data supply services and was conducted through an open procedure (above threshold). The tender period ended on July 14, 2022. NEST is based in London, United Kingdom.

This tender presents an opportunity for businesses interested in data supply services to engage with NEST in its responsible investment initiatives. Suitable businesses, particularly those with expertise in providing ESG data and related services, may find this contract attractive for collaboration. The contract period offers a 3-year opportunity for business growth, with potential for further extension. NEST has shown a preference for small and medium-sized enterprises (SMEs) as suppliers for this contract.

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Notice Information

Notice Title

Provision of ESG Data

Notice Description

This contract is for the provision of ESG (Environmental, Social & Governance) data, across a 3-year contract duration (with a 12 month optional extension), to support Nest in its responsible investment activities and reporting. Nest requires ESG data for four main purposes: 1. to assess and ensure that our funds are adhering to our responsible investment standards and highlight companies that are failing to meet those standards so Nest can better focus its engagement efforts. 2. To ensure our funds are meeting our responsible investment standards, the data must be able to highlight holdings in controversial industries and activities, as well as provide data at a portfolio and company level of performance in key ESG areas. 3. To highlight companies that fail to meet Nest's standards and with which Nest may want to engage with, data must use the most up to date information. 4. To ensure where our additional investment fund choices have specific policies in relation to values and ethics, we can monitor fund manager performance and update our policy from time-to-time

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c90e2636-ddbb-46db-b580-838f98f72e78
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9a4d829f-ae8c-4c2a-929f-0738bf5f3ff6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72319000 - Data supply services

Notice Value(s)

Tender Value
£220,000 £100K-£500K
Lots Value
Not specified
Awards Value
£220,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jan 20233 years ago
Submission Deadline
14 Jul 2022Expired
Future Notice Date
Not specified
Award Date
9 Jan 20233 years ago
Contract Period
9 Jan 2023 - 8 Jan 2026 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

CLARITY AI

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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