Public Investment Fund Sustainability Profile
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 67% 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 has not disclosed 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 within the region. PIF's climate strategy is aligned with the Kingdom's green agenda, which includes the establishment of the RVCM company to further enhance Saudi Arabia's role in combating climate change.
How Carbon Intensive is Public Investment Fund's Industry?
How Carbon Intensive is Public Investment Fund's Location?
Public Investment Fund'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.
Public Investment Fund has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
