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.
-12 vs industry average
Public Investment Fund’s score of 25 is lower than 35% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Reported emissions
No reported emissions data is available for Public Investment Fund yet.
Public Investment Fund's reported carbon emissions
As of 2020, the Public Investment Fund (PIF) of Saudi Arabia has not disclosed specific carbon emissions data, including Scope 1, 2, or 3 emissions. However, PIF has made significant climate commitments aimed at achieving net zero emissions by 2050, becoming the first sovereign wealth fund in the MENA region to do so. This commitment was announced during the 2022 Middle East Green Initiative.
Additionally, PIF is part of Saudi Arabia's broader goal to reach 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.
While specific emissions data is currently unavailable, PIF's long-term strategies indicate a proactive approach to environmental responsibility and climate action.
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Public Investment Fund’s Climate Goals (2030 & 2050)
1 goal2060
The establishment of RVCM company expands Saudi Arabia’s rol…
The establishment of RVCM company expands Saudi Arabia’s role in addressing the impact of climate change and supports its aim to achieve net…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Public Investment Fund
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