Pictet Group, often referred to simply as Pictet, is a prestigious Swiss financial institution headquartered in Geneva, Switzerland (CH). Founded in 1805, Pictet has established itself as a leader in wealth and asset management, serving a diverse clientele that includes private clients, institutions, and corporations across Europe, Asia, and beyond. The firm is renowned for its bespoke investment solutions, private banking services, and asset management expertise, distinguishing itself through a commitment to long-term performance and client-centric strategies. Pictet's strong market position is underscored by its significant assets under management and a reputation for excellence in fiduciary services. With over two centuries of experience, Pictet continues to innovate while upholding its core values of integrity and sustainability in the financial industry.
How does Pictet's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Pictet's score of 51 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Pictet reported total carbon emissions of approximately 93,859,762,000 kg CO2e, with Scope 1 emissions at about 1,360,000 kg CO2e, Scope 2 emissions at approximately 2,857,000 kg CO2e, and a significant contribution from Scope 3 emissions, which accounted for about 93,857,516,000 kg CO2e. This data reflects a comprehensive disclosure of emissions across all scopes. In 2023, Pictet's total emissions were approximately 46,133,850,870 kg CO2e, with Scope 1 emissions at about 6,671,733,160 kg CO2e, Scope 2 emissions at approximately 1,216,953,880 kg CO2e, and Scope 3 emissions at around 38,303,918,040 kg CO2e. The previous year, 2022, saw total emissions of about 35,279,765,130 kg CO2e, with Scope 1 at approximately 8,106,075,230 kg CO2e, Scope 2 at about 1,118,411,800 kg CO2e, and Scope 3 at around 26,042,087,310 kg CO2e. Pictet has set ambitious reduction targets, committing to a 55% reduction in absolute Scope 1 and 2 emissions by 2030 from 2019 levels. This commitment is part of their broader strategy to align with science-based targets, which cover 56% of their total investment and lending activities by assets under management as of 2021. These targets are consistent with the reductions required to limit global warming to 1.5°C. The emissions data for Pictet is cascaded from its parent organization, Pictet & Cie Group SCA, ensuring a comprehensive approach to sustainability and climate commitments across its corporate family.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Scope 1 | 1,112,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000 |
Scope 2 | 3,094,000 | 0,000,000,000 | 0,000,000 | 0,000,000 |
Scope 3 | 6,961,190 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Pictet is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.