Sources of CO2 emissions of the Pictet Group in 2020
We built our Geneva headquarters in 2006 with sustainability in mind. At the time – a full nine years before the Paris Agreement of 2015 – this kind of consideration was still rare.
Our objective to reduce our CO2 emissions per employee by 40% by 2020 has been broadly achieved, with a 73% reduction.
However, this result is a direct consequence of the pandemic, which resulted in a sharp decrease in business travel (-83% in 2020 compared to 2019).
Now that the target of CO2 reduction has been achieved for 2007–2020, we have set new targets for the decade 2020–2030.
By 2025, Pictet aims to reduce its direct greenhouse gas emissions by 60% compared to 2019 levels. All direct and indirect emissions generated by our value chain have been offset since 2014. Pictet will continue offsetting these emissions but take a more impactful approach.
For the last decade, long before the outbreak of the Covid-19 pandemic, Pictet has constantly been expanding its videoconferencing systems with the aim of reducing its carbon emissions linked to business travel.
Because of the pandemic, visio conferencing became a day-to-day tool for all Pictet staff worldwide last year, with more than 80,000 hours’ use per month. When business travel is possible again, Pictet will continue to encourage visio conferencing as an alternative to travelling.