Advocacy and Partnerships
Beyond adhering to the industry-leading standard established by third parties, Pictet also uses its influence to forge change.
Using our influence to enact change
For Pictet, being a responsible investor means going beyond the steps we have taken for our clients’ investments and our operations, and using our influence to enact change through advocacy and partnerships. We see this as a crucial part of our strategy because we are part of a system we need to influence. Our advocacy efforts are focused on areas which are particularly material to us, and on which we can bring expertise to provide valuable inputs to our partners.
Our advocacy partnerships
The Swiss Market
Pictet has a strong commitment to raising awareness in the Swiss market on ESG and sustainability issues, and help make it a strong centre for responsible investing.
Beyond broad sustainability advocacy, Pictet has a strong commitment to tackling the climate crisis and the broader environmental issues caused by humans.
Whilst Pictet’s strategic focus has been on environmental issues, partly as a result of our product expertise and of scientific consensus on the global goals, societal issues have nonetheless been important in our advocacy and partnerships.
Global frameworks, transparency and robust data
Pictet recognises the importance of supporting global frameworks that allow investors and companies alike to strive towards common goals. This is why we are an official supporter of the Paris Agreement, the UN Sustainable Development Goals, the UN Global Compact and the Taskforce for Climate-related Financial Disclosures (TCFD).
Public policy and industry associations
Going beyond our advocacy, Pictet participates in the relevant industry associations. Through these memberships, Pictet takes part in relevant working groups to shape self-regulation and answer public consultations around ESG topics. Pictet staff is sometimes asked to act as experts in government working groups. Some of these associations are extremely active around ESG topics, like Swiss Banking, BVI, AMAS, and EFAMA. Pictet’s conviction is that we should increase transparency around ESG metrics in the market and align around commonly agreed metrics on which we should all report.
Pictet Asset Management in a new four-year biodiversity research partnership
Pictet Asset Management (Pictet AM) is a founding partner of a new four-year global research programme geared to helping the financial industry develop strategies to protect natural capital and halt biodiversity loss.
The initiative, which will receive approximately EUR5 million in research funding from Mistra (the Swedish Foundation for Strategic Environmental Research), will be overseen by the Stockholm Resilience Centre (SRC) at Stockholm University. Pictet AM is the only asset management firm in the research consortium, which includes the Finance for Biodiversity Foundation, UN PRI and Stanford University.