Pictet

Pictet, a financial intermediation services company headquartered in Switzerland, reported total carbon emissions of approximately 93.86 billion kg CO2e in 2024. This includes approximately 1.36 million kg CO2e from Scope 1 emissions, approximately 2.86 million kg CO2e from Scope 2 emissions, and approximately 93.86 billion kg CO2e from Scope 3 emissions.

For 2023, Pictet's total emissions were approximately 46.13 billion kg CO2e, comprising about 1.33 million kg CO2e (Scope 1), approximately 1.22 billion kg CO2e (Scope 2), and approximately 38.30 billion kg CO2e (Scope 3). In 2022, total emissions were around 35.28 billion kg CO2e, with Scope 1 at approximately 1.18 million kg CO2e, Scope 2 at approximately 1.12 billion kg CO2e, and Scope 3 at approximately 26.04 billion kg CO2e.

Pictet has set a near-term target to reduce its absolute Scope 1 and 2 emissions by 55% by 2030, compared to 2019 levels. This commitment is detailed in their Group Sustainable Report 2024.

The company has also committed to net-zero through the Science Based Targets initiative (SBTi), with portfolio targets covering 56% of its total investment and lending activities by assets under management as of 2021. The targets for operational emissions (Scope 1 and 2) are consistent with keeping global warming to 1.5°C. These SBTi targets and net-zero commitments are cascaded from the parent company, Pictet & Cie Group SCA.