Public Investment Fund
The Public Investment Fund (PIF), headquartered in Saudi Arabia (SA), is a sovereign wealth fund established in 1971. As a key player in the global investment landscape, PIF focuses on diversifying the Kingdom's economy through strategic investments across various sectors, including technology, energy, and infrastructure. With a commitment to fostering innovation and sustainable development, PIF has made significant strides in recent years, notably through its Vision Fund initiatives and partnerships with leading global firms. The fund's unique approach combines local insights with international expertise, positioning it as a formidable force in the investment arena. PIF's notable achievements include substantial investments in high-profile companies and projects, reinforcing its status as a catalyst for economic growth and diversification in Saudi Arabia and beyond.
DitchCarbon Score
How does Public Investment Fund'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
Public Investment Fund's score of 25 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Public Investment Fund's reported carbon emissions
In 2020, the Public Investment Fund (PIF) of Saudi Arabia reported no specific carbon emissions data, as it did not disclose figures for Scope 1, 2, or 3 emissions. However, PIF has made significant climate commitments, aiming for net zero emissions by 2050, as announced during the 2022 Middle East Green Initiative. This makes PIF the first sovereign wealth fund in the MENA region to set such a target. Additionally, PIF is part of Saudi Arabia's broader commitment to achieve net zero carbon emissions by 2060 and aims to reduce CO2 emissions by approximately 278 million tonnes annually by 2030, using 2019 as the baseline year. These initiatives reflect PIF's dedication to addressing climate change and supporting sustainable development in the region. PIF's climate strategy is not cascaded from any parent organization, indicating that these commitments and targets are independently established.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Public Investment Fund is not participating in any 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.
