Signatory to the Principles for Responsible Banking
Sustainable financial system
The Pictet Group signed the Principles for Responsible Banking (PRB), launched in September 2019, at the annual United Nations General Assembly.
The Principles for Responsible Banking provide a framework that serves as an important and complementary next step to the UN Principles for Responsible Investment. This framework focuses on the types of products and solutions provided to clients and how these ultimately create value for clients as well as for all other stakeholders. This is an essential step on the road towards a more sustainable financial system.
Pictet adheres to UN Principles for Responsible Investment
Committed to integrating ESG criteria
In line with our fiduciary duty to act in the best interests of our clients and our undertaking to adhere to the UN Principles for Responsible Investment (UN PRI), we are committed to integrating ESG criteria in our investment processes and ownership practices with a view to enhancing returns and/or mitigating risks. We also aim to embed ESG in our risk management and reporting tools to maintain high standards of transparency and accountability.
Signatory since 2007
The first Pictet business unit to sign the UN PRI in 2007, Pictet Asset Management, has been active in sustainable investing for nearly 20 years.
Also signatory, Pictet Wealth Management is refining its strategy for responsible investment. The approach aims to address all our decision-making processes, from research to the final investment decision, and is presented in our brochure Responsible Investing.
Pictet Alternative Advisors became a signatory of the UN PRI last July, when it committed to systematically integrating ESG factors in its selection processes.
The Pictet Group Pension Fund also signed up to the UN PRI and adopted an investor charter for asset management which places an emphasis on integrating ESG criteria in portfolio management, active proxy voting and complying with the Pictet Group’s exclusion policy.
Swiss Sustainable Finance
Pictet sits on the Board of Swiss Sustainable Finance (SSF), an association that promotes the integration of sustainability in the financial industry. In particular, it aims to make Switzerland a leading worldwide centre for sustainable finance.
As part of its commitment with SSF, Pictet is one of the main sponsors of the “Swiss sustainable investment market study 2018”. This market study, carried out for the first time by SSF, finds there has been an 82% increase in assets invested sustainably. The biggest growth was in the assets managed by institutional investors (up 128%), but sustainable investment funds and mandates also experienced growth of 47% and 25% respectively.
As shown in the report, the Pictet Group has an 8.1% market share when it comes to sustainable investments in Switzerland.
International Energy Agency
Given the importance for long-term investors of the transition to a low-carbon economy and renewable energy sources, Pictet has joined forces with the International Energy Agency (IEA) to compile the World Energy Outlook 2016 (WEO). The WEO is the IEA’s flagship publication and acknowledged as the world’s most authoritative source for energy market analysis and forecasts.
Swiss Climate Foundation
In 2008, Pictet was among the founding members of the Swiss Climate Foundation, a non-profit foundation that directly champions the cause of climate protection in Switzerland.
The Foundation, which this year marks its 10th anniversary, helps to fund small and medium enterprises (SME) that take active steps to reduce CO2 emissions and provides support for research and development into technologies and products in the field of environmental protection.