Pictet Sustainability Profile
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Pictet's score of 63 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pictet's reported carbon emissions
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 Scope 3 contribution of about 93,857,516,000 kg CO2e. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. For 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. In 2022, total emissions were reported at approximately 35,279,765,130 kg CO2e, with Scope 1 at about 8,106,075,230 kg CO2e, Scope 2 at approximately 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 climate strategy, which includes net-zero targets for their investment and lending activities, covering 56% of total assets under management as of 2021. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to meet the requirements for limiting global warming to 1.5°C. The emissions data for Pictet is cascaded from its parent organization, Pictet & Cie Group SCA, ensuring a comprehensive understanding of their climate impact and commitments.
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| 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 |
How Carbon Intensive is Pictet's Industry?
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Pictet's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Pictet has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Pictet's sustainability data and climate commitments