Award

Provision of ESG Data Services

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 2 releases in its history.

Award

18 Jan 2023 at 11:37

Tender

13 Jun 2022 at 12:24

Summary of the contracting process

The National Employment Savings Trust (NEST) has completed the tender process for the provision of ESG Data Services. The contract, awarded to Clarity AI Ltd, involves supplying ESG data over a 3-year period (with the option to extend for 12 months) to support NEST in its responsible investment activities. The procurement falls under the services category, with a focus on data supply services related to environmental, social, and governance aspects. NEST's location is London, United Kingdom, and the procurement method used was an open procedure.

This tender presents an opportunity for businesses that specialize in data supply services, particularly in the field of ESG data. Companies with expertise in responsible investment standards, data analysis, and environmental impact assessment would be well-suited to compete. The key dates to note are the contract award date on January 9, 2023, and the contract duration lasting for 3 years. Businesses looking to engage with NEST in providing up-to-date ESG data for investment decision-making should consider aligning their offerings with NEST's responsible investment objectives.

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Notice Title

Provision of ESG Data Services

Notice Description

This tender requirement is for the provision of ESG (Environmental, Social & Governance) data, across a 3-year contract duration (with the option to extend for 12 months), to support Nest in its responsible investment activities and reporting.

Lot Information

Lot 1

Nest tender for the provision of 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.

Renewal: The contract will have a duration of 3 years, with the option to extend for up to 1 years (ie, 3+1).

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0345b1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001515-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
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
£180,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£220,000 £100K-£500K

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 Oct 2022 - 9 Oct 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)
Contact Name
Not specified
Contact Email
procurement@nestcorporation.org.uk
Contact Phone
+44 2030563652

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

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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