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 6 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Public Investment Fund's reported carbon emissions
In 2022, the Public Investment Fund (PIF) of Saudi Arabia reported significant carbon emissions, totalling approximately 6,000,000,000 kg CO2e. This figure includes Scope 1 emissions of about 1,619,499,000 kg CO2e, Scope 2 emissions of around 1,285,546,000 kg CO2e, and Scope 3 emissions amounting to approximately 2,509,961,000 kg CO2e. The Scope 3 emissions encompass various categories, including capital goods, business travel, employee commute, and purchased goods and services. As of the latest data, PIF has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. However, the fund is actively involved in projects that contribute to avoided emissions, such as solar PV production and HVAC systems, which indicate a commitment to sustainability and climate action. Overall, while PIF's emissions figures are substantial, the absence of defined reduction targets suggests an opportunity for the fund to enhance its climate commitments and align with global sustainability goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | |
|---|---|
| Scope 1 | 1,619,499,000 |
| Scope 2 | 1,285,546,000 |
| Scope 3 | 2,509,961,000 |
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 committed to any reduction initiatives 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.
