Press release
29 October 2021

The Pictet Group has joined the Net Zero Asset Managers initiative, further strengthening its commitment to support the goal of net-zero greenhouse gas emissions by 2050 or earlier. In order to ensure the firm follows a science-based approach to setting its targets, Pictet is also supporting the Business Ambition for 1.5 degrees from the Science-Based Targets Initiative (SBTi).

In the course of 2021, Pictet has worked on a comprehensive investment-led review to develop distinct Group Climate Investment Beliefs. This work is underpinned by two convictions:

  • Climate change has a material impact on the price of assets. In the spirit of pursuing investment leadership, Pictet aims to understand this impact to support performance. 
  • As part of the asset manager/owner community, the investment activities of Pictet have an impact on climate change outcomes and the firm has a responsibility to understand how to foster positive and mitigate negative impact.

Solving the major environmental and social challenges of our time will require increased collaboration and transparency. Joining the Net Zero Asset Managers Initiative and the SBTi Business Ambition for 1.5˚ is an expression of these beliefs.

Pictet’s unique governance as an independent partnership has always been anchored in long-term thinking and an instinctive sense of responsibility. This is crucial when tackling a defining issue like climate change, which will play out over the coming decades.

The firm is under no illusion that achieving these targets is a herculean task and that Pictet cannot do it without the entire system aligning to the same ambition. It will require profound change, an ongoing commitment and perseverance, and for all parts of the economy to play their role. Pictet plans on publishing a concrete Climate Action Plan with 2030 targets in the course of 2022.

The Group has progressed for more than two centuries by taking a responsible, long-term approach to business and the management of its client’s assets. In doing so, the firm has always considered not only the interests of present but also future generations. This is the essence of responsible thinking, and the best contribution Pictet can make to the future of sustainable life on the planet.

Find out more

Responsible Vision
Our Actions to Tackle Climate Change