Supporting the science-based 1.5-degree goal
The Pictet Group joins the Net Zero Asset Managers Initiative, reaffirming its commitment to the goal of net zero greenhouse gas emissions by 2050 at the latest. To ensure that the company adopts a science-based approach in setting its goals also the “Business Ambition for 1.5 ° C” of the Science-Based Targets Initiative (SBTi).
In 2021, Pictet’s investment experts developed the Group’s own “Climate Investment Beliefs” as part of a comprehensive process. This initiative is based on two beliefs: Climate change has a significant impact on asset prices. Given its leadership position in the investment industry, it is important for the bank to understand these implications to support performance. As a manager and owner of assets with your investment activities influence on the consequences of climate change. It is therefore the responsibility of the company to find out how it can promote positive effects and mitigate negative ones.
Dealing with the great ecological and social challenges of our time will require more cooperation and transparency. Joining the Net Zero Asset Managers Initiative and the SBTi’s commitment to the “Business Ambition for 1.5 ° C” reflect these convictions.
The company is aware that achieving these goals is tantamount to a Herculean task and that efforts can only be successful if all financial actors pull along. It requires fundamental change, as well as long-term commitment and persistence and the contribution of all economic actors. Pictet wants to publish a climate action plan with concrete targets for 2030 in 2022.
The group looks back on over two hundred years of history, based on a long-term and responsible approach to its own business and the management of its clients’ assets. In doing so, the company not only takes into account the interests of today’s, but also those of future generations. This is the core of responsible thinking and the most effective contribution we can make to a sustainable future on our planet.
