Sustainability governance

Responsible corporate governance

By enhancing accountability, mitigating risk and ultimately, reinforcing trust, sound corporate governance serves several important purposes to any complex organisation.

Our Managing Partners’ long-term thinking

The average tenure of our Managing Partners is 21 years, making them accountable over multiple decades for decisions taken today. Some of Pictet’s current Managing Partners will still hold their positions when we reach our 2025 and 2030 targets.

For 220 years, Pictet’s core business has been in managing assets on behalf of private and institutional clients investing for the long term, meaning success is measured over decades and generations.

Tackling climate change is part of our fiduciary duty to these clients, for whom the impacts are highly material, particularly in light of their long-term investment horizons.

To this end, we will continue to upskill leadership (including our non-executive directors and board members) and other key group functions on the climate issues most material to our business model. 

Group Stewardship and Sustainability  Board

The Group Stewardship and Sustainability Board (GSSB) is the dedicated body in charge of proposing the sustainability strategy to the board of Partners, overseeing its implementation and validating  common frameworks and standards.

The GSSB meets on a quarterly basis and reports as often as necessary to the Group Executive Committee, Supervisory Board and Board of Managing Partners, which has oversight of and approves our sustainability  strategy. Composition of the GSSB is reviewed on a yearly basis.

Associated committees

The GSSB has a number of associated committees to analyse and manage some of the most critical  sustainability issues for the Group. These include:

Group ESG Data Committee

Convening monthly, the Group ESG Data Committee drives ESG data, scorecard and portal strategy and development,  including overseeing data quality.

Sustainable Investment Management Group

Created to uphold the framework by which we define what qualifies as a sustainable investment, the Sustainable Investment Management Group meets at least monthly.

Sustainability teams

The Group Sustainability Office (GSO) is responsible for coordinating Pictet’s sustainability strategy and implementation, as well as common forums and boards.

Business line sustainability teams implement the firm’s sustainability strategy within their respective business lines, driving business line-specific actions and supporting committees.