A responsible vision

Our ambitions and beliefs

Human progress and economic development over the last century have come at a cost to our natural environment. Population growth and rising standards of living have led to exponential demand for energy and for other natural resources. This has not only caused damage to our biosphere; the Earth’s capacity to regenerate has also been rapidly overstretched.

With the challenges the world is now facing, we need to move swiftly to a more resilient and sustainable economy. For the financial system, we believe this calls for a systemic shift in focus away from exclusively maximising financial returns. Instead, we have to embrace new models that are based on solid science and innovative partnerships and also take account of environmental, social and governance factors in investment decisions and active ownership practices. It also means further developing solutions that redirect capital flows to issuers best positioned to tackle these challenges.

“As an investment-led service company, focusing on long-term objectives allows us to achieve the dual goal of performing for our clients while deploying their capital in a way that accelerates the transition towards a more resilient and responsible economy.”

Laurent Ramsey Managing Partner, Chairman of the Group Sustainability and Stewardship Board

We have three ambitions before 2025

  • To significantly reduce the environmental impact of our activities and investments

  • To fully integrate ESG factors and active ownership into all investment processes

  • To be a leading provider of responsible products and solutions

This photograph, as well as the one on top of this page, are part of the series “Spill” by Prix Pictet shortlister Daniel Beltrá. He documented the environmental impact of the world’s largest marine oil spill in the Gulf of Mexico in 2010. (see footnote)

How we conduct our activities and manage client assets

10 levers of action

To achieve these ambitions, we have identified 10 levers of action for conducting our own activities and for managing assets on behalf of our clients.

We are convinced that these 10 levers of action will make us better investors and corporate citizens and help us play our part in designing a thriving system for future generations.

As a firm, responsibility starts with what we do with our own assets


Investing our balance sheet

As we have full control over our balance sheet, we have committed to portfolio decarbonisation and investing in activities that help speed up the transition to a low-carbon economy. This includes our corporate treasury as well as seed investments.

How we manage our balance sheet 

Employee engagement to foster responsibility

Our employees are our most crucial asset and a key amplifier when it comes to sustainability and responsible behaviour. We continue to engage with our colleagues on sustainability topics and encourage them to be involved in local actions, especially where we have a strong presence.

Responsible employer
Remuneration policy

Managing our direct environmental impacts

In our own business activities we are taking every possible step to cut our carbon footprint by employing the most advanced building technology, reviewing every aspect of our operations and reducing the environmental impacts of our infrastructure and employee mobility.

Three concrete actions

  • Our future Campus in Geneva will be constructed to the highest environmental standards and has been designed to meet top building certifications.
  • A mindful travel portal will be introduced in 2021 (to enable tracking of employees’ carbon footprint when travelling on business).
  • Introduction of a sustainable procurement policy for 100% of suppliers.

Environmental stewardship
Our actions to tackle climate change


As the ultimate “risk capital”, philanthropy can be an important part of tackling some of the world’s most intractable problems. Through our initiatives and supported projects, we seek to stimulate action on environmental and social issues.

Pictet Group Foundation

Advocacy and partnerships

We strive to encourage all our stakeholders and partners to implement sustainability and responsible investment. We have therefore signed the UN Principles for Responsible Investment for all business lines, including our pension fund, and committed to the UN Principles for Responsible Banking.

Advocacy and partnerships 
UN Principles for Responsible Banking: 2021 reporting 



“These 10 levers of action align us with our purpose: to protect, grow and transmit wealth, in every sense, by building responsible partnerships with our clients, colleagues, communities and the companies in which we invest.”

Renaud de Planta Senior Partner


As an investor, our biggest impact lies in how we manage assets on behalf of our clients


ESG integration into investment processes and risk management

Across research, investment decisions, risk management and advisory services, we continue to place emphasis on the inclusion of environmental, social and governance factors when evaluating corporate and sovereign issuers.

Pictet Group ESG scorecard 

Sustainability risks

Responsible products and solutions

We continue to develop investment strategies that provide capital to companies which help to have a positive impact on society or the environment. We also support those companies that plan to mitigate the negative externalities of their products, services, operations and supply chain.

Principal adverse impacts

Active ownership

We strive to engage with issuers that fall short of our expectations – either directly or through collaborations with other investors. Where necessary, we will escalate to Board representatives, vote against management or support shareholder resolutions. Depending on the severity of the concern and the issuers’ capacity or willingness to adopt generally accepted standards of best practice, we may choose to sell the investment.

In 2020, we engaged with 227 companies on 272 ESG topics across targeted, collaborative and service provider engagement.

Asset Management: Active ownership report 2021
Asset Management: Responsible investment policy (PDF)
Wealth Management: Active ownership policy

Client disclosure

Where relevant data are available, we strengthen reporting on the ESG characteristics of client portfolios and the impact of active ownership activities. Where data are missing, we encourage issuers to report according to international standards.

When relevant, we report on our strategies’ exposure to the United Nations Sustainable Development Goals and Planetary boundaries.

Pictet Asset Services’ ESG website designed to support your ESG transition

Research & thought-leadership

We will use our substantial experience across key environmental and social themes to publish targeted research and help raise awareness and capital for a sustainable transition.

Visit Mega, our website dedicated to megatrends, the powerful long-term forces transforming our world
Latest publications from Pictet

Selected research
Stockholm Resilience Center

Planetary Boundaries: measuring the business world’s environmental footprint

Working in partnership with the Stockholm Resilience Centre and others, we have devised a way of applying the Planetary Boundaries framework to an investment setting by quantifying the environmental impact for every USD 1 million annual revenue that a business generates.

Oxford University

Climate change: impact of climate change on emerging markets

This research by Pictet Asset Management and Professor Cameron Hepburn and his team at the University of Oxford Smith School of Enterprise and the Environment looks at the risks and opportunities emerging economies – and the world more generally – face from climate change. Their insights are based on the latest economic and climate modelling techniques.


Megatrends frameworks and mega.online

Through our partnership with the Copenhagen Institute for Futures Studies (CIF), we have devised an investment framework that incorporates CIFS’s 14 megatrends. This framework enhances our thematic equity capabilities and informs the construction and development of our thematic equities strategies (e.g. Water, Robotics and SmartCity).

Pictet Group (Pictet) - Pictet Asset Management (PAM) - Pictet Wealth Management (PWM)

A timeline of Pictet’s environmental achievements

Discover Pictet Group milestones in sustainability.

Timely features

Latest publications related to Sustainability
Our experience across key environmental and social themes enables us to publish targeted research and help raise awareness and capital for a sustainable transition.
  • Carbon removal technologies
    Negative emissions: going beyond net zero
  • Press article
    Water stewardship in a time of climate change
  • Pictet Asset Management & the Institute of International Finance
    ESG-labelled bond issuance poised to explode in coming decade
  • Building Bridges Summit 2021
    How investors and philanthropists can improve water stewardship
  • COP26 meeting in Glasgow
    COP26: New start or false dawn?
  • Demystifying Net Zero
    Designing a framework for investing in net-zero transition leaders
  • Responsible investment
    Thematic equities as impact investments
  • Press release
    Pictet joins the Net Zero Asset Managers Initiative and the Science-Based Targets Business Ambition for 1.5 degrees
  • Opinion piece by Managing Partner Laurent Ramsey, published in The South China Morning Post
    Companies need to target net zero on biodiversity loss, not just climate change
  • Responsible investing
    Responsible investment report 2021
  • Responsible future
    The future of environmentalism and ESG
  • Responsible future
    How climate issues could affect economies and financial markets
  • Sustainability
    The global journey to net-zero could create a historic investment opportunity
  • Sustainability
    Our actions to tackle climate change
  • In conversation with Pictet investment leaders
    Innovation, economy of living and megatrends
  • Authored by Oxford University’s Smith School of Enterprise and the Environment
    Climate change: Answers to common questions
  • Authored by Oxford University’s Smith School of Enterprise and the Environment
    Climate change and emerging markets after Covid-19
  • Interview with Managing Partner Laurent Ramsey on ESG integration
    A three-dimensional view
  • Controversial weapons
    Call to index provider
  • Article by Managing Partner Laurent Ramsey, published in Thomson Reuters News
    “Investors are uniquely placed to change the world for the better”

“As a company that takes a long-term view, we believe we’re accountable for future generations and all causes that wouldn’t be supported if there were no responsible actors in our society.”

Renaud de Planta Senior Partner, Pictet Group

Responsibility at Pictet

Our brochures give a full view of the Pictet Group’s approach to sustainability and responsible investing.

Daniel Beltrá and the Prix Pictet

*Daniel Beltrá was born in 1964 in Madrid, Spain. His passion for conservation is evident in images of our environment that are evocatively poignant. In 2011 he received the Wildlife Photographer of the Year Award for his work on the Gulf Oil Spill.

The two images published on top of this page were shortlisted for the fourth cycle of the Prix Pictet “Power” in 2012.

Oil Spill #15: A ship motors through oil spilled in the Gulf of Mexico. The spill caused extensive damage to the marine and wildlife habitats as well as the Gulf’s fishing and tourism industries. 18 May 2010, Gulf of Mexico, United States

“On 20 April 2010, BP’s Deepwater Horizon drilling rig exploded in the Gulf of Mexico, killing eleven crewmen and injuring seventeen, making it the world’s largest marine oil spill. More than 600 miles of coastline were affected and still show lingering signs of oil and dispersant. Layers of crude oil are spread thick on the ocean floor, radiating far from the wellhead site. Scientists have determined that up to 75 per cent of the oil from BP’s disaster remains in the Gulf environment.” Daniel Beltrá, Oil Spill 1, Gulf of Mexico, United States, 17 June 2010

Daniel’s work has been published by the most prominent international publications, including The New Yorker, Time, Newsweek, The New York Times, Le Monde, and El País. (Images courtesy of Catherine Edelman Gallery)

More about the artist on Prix Pictet website 

Founded in 2008 by Pictet, the Prix Pictet has become the world’s leading award for photography and sustainability. To date, there have been eight cycles of the award, each of which has highlighted a particular facet of sustainability.

Prix Pictet