Environmental stewardship

Our environmental approach is driven by the understanding that our activities have an impact on the environment and that we have an obligation to reduce this impact wherever possible.

Principles in action

Because you can only change what you measure, in 2007 we began to calculate the Group’s CO2 emissions. An ambitious objective was set at the time to reduce the average carbon footprint per employee by 40% before 2020. Reducing our footprint further, especially in absolute terms given our growth, will require stronger ambitions as far as our infrastructure, mobility and consumption as a firm are concerned.

Three main pillars

Use an efficient infrastructure

We employ a range of solutions to increase the energy efficiency of Pictet’s head office in Geneva, so that we can avoid using fossil fuels and cut down on CO2 emissions.

Support green mobility

From March to November, free bikes and e-bikes are available to employees. Employees who give up their parking spot benefit from free public transportation pass.

Optimise our consumption

350 video conferencing facilities have been installed across the Pictet Group. Because of the pandemic, visio conferencing became a day-to-day tool last year, with more than 80,000 hours’ use per month.

Use an efficient infrastructure

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, as you can see below. 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.

Energy efficiency in 2021

45,680
In kWh
Produced energy, the equivalent of recharging nearly 500 electric cars
106,512
Litres
Fuel oil saved every year on average thanks to the heat transfer system between our Geneva buildings
600
In square meters
Size of solar air conditioning plant on the roof of Pictet’s headquarters in Geneva
387
In kilogrammes
CO2 emmission per employee at Pictet’s Paris office - the Group’s lower carbon footprint

Sources of CO2 emissions in 2021

Source tCO2  % of total      
Business travels 2836 25%
Electricity consumption 2513 22%
Employee commuting 1638 15%
Heating 1393 13%
IT devices 1025 9%
Energy supply 756 7%
Catering 467 4%
Refrigerants 281 3%
Paper and printing 142 1%
Waste 102 1%
Water
35 0%
Company cars 20 0%
Total 11,208  

Evolution of CO2 emissions

Video conferencing

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.

Promoting soft mobility

We encourage our employees to opt for soft mobility solutions for commuting to and from work. There are various benefits available to employees at our Geneva head office:

  • Free recharging stations for electric bikes and cars
  • Free public transport for employees who give up their parking spot
  • A partnership with Genève Roule, a local association that provides electric bikes

Pictet employees can use one of these bikes free of charge during lunch breaks, evenings or even weekends.

For the past five years, Genève Roule has provided Pictet employees with electric bikes. In 2019, 7,052 e-bikes were borrowed at the Geneva head office, a 28% increase on 2018. These bikes covered a total distance of 45,207 kilometres, saving 25.3 tonnes of CO2. 

Understanding and managing waste

In our quest to minimise the direct impact of our business, and the impact of our employees, we also launched a landmark campaign in 2018 to cut our single-use plastic consumption. We identified two main sources of plastic waste – our employee restaurants and offices supplies – and put in place more sustainable alternatives. Thanks to this initiative, the Pictet Group reduced the use of disposable plastic by 90% in just 12 months. Quantis – a sustainable development consultancy – helped Pictet through this process to understand how companies deal with plastic waste.

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