Pictet
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 48 is higher than 71% 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 2023, Pictet reported total carbon emissions of approximately 46,133,850,870 kg CO2e. This figure includes Scope 1 emissions of about 6,671,733,160 kg CO2e, Scope 2 emissions of approximately 1,216,953,880 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 38,303,918,040 kg CO2e. The combined Scope 1 and 2 emissions amounted to about 7,887,787,170 kg CO2e. Comparatively, in 2022, Pictet's total emissions were approximately 35,279,765,130 kg CO2e, with Scope 1 emissions at about 8,106,075,230 kg CO2e, Scope 2 emissions around 1,118,411,800 kg CO2e, and Scope 3 emissions reaching approximately 26,042,087,310 kg CO2e. Pictet has set ambitious climate commitments, including net-zero targets through the Science Based Targets initiative (SBTi). Their portfolio targets aim to cover 56% of total investment and lending activities by assets under management as of 2021, with a long-term goal set for 2050. Additionally, they have established near-term targets aligned with a 1.5°C pathway, with a deadline for submission by October 2023. The emissions data reported by Pictet is cascaded from its parent company, Pictet & Cie Group SCA, reflecting the broader corporate family's commitment to sustainability and climate action.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,112,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 3,094,000 | 0,000,000,000 | 0,000,000 |
| Scope 3 | 6,961,190 | 00,000,000,000 | 00,000,000,000 |
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.
Pictet is participating in some 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.
