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Pictet Asset Management

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Company information
Pictet Asset Management

Please note:  This section of the database is in beta and still under development

Information received directly from Fund Manager

Last amended date: May 2025

Assets under management
Total Screened Themed SRI Assets:
£49415.00m (as at: Jul 2024)
Total Responsible Ownership Assets:
£174795.00m (as at: Jul 2024)
Total Assets Under Management:
£638000.00m (as at: Dec 2024)
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Fund Management Company Information

About The Business
Boutique / specialist fund management company

Find fund / asset management companies that are smaller or specialise in particular areas - notably, ideally ESG related. Strategies vary.

Responsible ownership / stewardship policy or strategy (AFM companywide)

Finds fund / asset management companies that have a published company wide stewardship, engagement and / or responsible ownership policy or strategy that covers all investments. Stewardship typically involves encouraging higher ESG standards through voting and dialogue.

ESG / SRI engagement (AFM companywide)

Find fund / asset management companies that actively encourage higher 'environmental, social and governance' and / or 'sustainable and responsible investment' practices across investee companies - typically where the aim is to encourage positive change that is aligned with the best interests of investors. Strategies vary. See additional information and options.

Vote all* shares at AGMs / EGMs (AFM companywide)

Find fund / asset managers that vote all* the shares they own at Annual General Meetings and Extraordinary General Meetings. A commitment to voting shares is a key indicator of 'responsible share ownership' demonstrating their support for or disagreement with management policy. (*situations can legitimately, occasionally occur where voting proves impossible, but in principle all shares should be voted.)

Responsible ownership / ESG a key differentiator (AFM companywide)

Find fund / asset managers that consider responsible ownership and ESG to be a key differentiator for their business.

Sustainable property strategy (AFM companywide)

Find fund / asset management companies that take sustainability criteria into account when selecting and/or managing all of their property / real estate investments.

Senior management KPIs include environmental goals (AFM companywide)

The leadership team of this fund / asset manager have performance targets linked to environmental goals.

SDG aligned aims / objectives (AFM companywide)

Find fund / asset management companies that aim to align all their investments (across all funds) to help meet the aims of the UN Sustainable Development Goals.

Responsible ownership policy for non SRI / sustainable options (AFM companywide)

Find options run by managers that apply Responsible ownership or 'Stewardship' policies to all or most of their investment assets. This means active involvement (e.g. voting, dialogue) with the companies across all or most funds, products and services.

Integrates ESG factors into all / most research (AFM companywide)

Find fund / asset management companies that consider environmental, social and governance (ESG) issues when deciding whether or not to invest in a company for all / almost all of their funds and other assets. This is increasingly seen as part of sound risk management.

In-house diversity improvement programme (AFM companywide)

Finds organisations / fund managers that have an in-house (company wide) diversity improvement programme - meaning that they are working to ensure that within their own businesses they employ people from diverse backgrounds - often typically focused on ethnicity and/or sex.

Diversity, equality & inclusion engagement policy (AFM companywide)

Find fund / asset management companies that encourage the companies they invest in to have strong diversity, race, gender and other equality policies across all assets held, not simply screened or themed SRI/ESG funds. (ie Asset Management company wide).

Invests in newly listed companies (AFM companywide)

This fund / asset management company invests in companies which have recently listed on a stock exchange (which is important as it can help grow new businesses).

Invests in new sustainability linked bond issuances (AFM companywide)

Fund / asset management company has investments in bonds designed to meet sustainability requirements - however these assets may not be 'ringfenced' for this purpose. See website for details.

Offer structured intermediary sustainable investment training

Fund management entity offers unstructured intermediary training on sustainable investment (ie for financial advisers and wealth managers)

Collaborations & Affiliations
PRI signatory

Find fund / asset management companies that have signed up to the UN backed 'Principles of Responsible Investment'.

Fund EcoMarket partner

Find fund / asset management companies that have partnered with Fund EcoMarket - meaning that they are helping to improve access to information on sustainable and responsible investment by paying an annual fee to us which enables us to publish information for free. Partner funds are listed ahead of other funds and have their logos displayed.

UN Principles of Responsible Banking framework signatory (AFM companywide)

This fund / asset manager has signed up to the UNEP (United Nations Environment Program) program which aims to encourage more responsible banking practices – focused on environmental and social issues.

TNFD forum member (AFM companywide)

A member of the Taskforce for Nature Related Financial Disclosures group which aims to aid risk management and shift money towards nature-positive outcomes.

Investment Association (IA) member

Fund management entity is a member of the Investment Association https://www.theia.org/

Resources
In-house responsible ownership / voting expertise

Find fund / asset management companies that employ people to steer and support fund managers in voting shares at company AGM's and EGMs in ways that are consistent with encouraging higher ESG/sustainability standards.

Employ specialist ESG / SRI / sustainability researchers

Find a fund / asset management company that directly employs specialist ESG/SRI/sustainability researchers or analysts. This allows asset managers to discuss environmental, social and governance risks and opportunities directly with companies.

Use specialist ESG / SRI / sustainability research companies

Find fund / asset management companies that makes use of expert external research companies. This can help deliver specialist expertise and means resources are pooled with other investors.

Accreditations
UK Stewardship Code signatory (AFM companywide)

Find fund / asset managers that are signatories to the FRC UK Stewardship Code, which sets out a framework for constructive investor / investee relations where managers are encouraged to behave like responsible, typically longer term 'company owners'.

Engagement Approach
Regularly lead collaborative ESG initiatives (AFM companywide)

Find fund / asset management companies that regularly initiate or run industry wide (collaborative) investor projects aimed at raising environmental, social and governance standards amongst investee companies.

Encourage responsible corporate taxation (AFM companywide)

Find fund / asset management companies that are working with the companies they invest in to encourage more responsible corporate taxation.

Engaging with fossil fuel companies on climate change

Fund / asset manager has a stewardship /responsible ownership strategy that involves working with fossil fuel companies on climate change related issues. See fund manager website for details.

Engaging to reduce plastics pollution / waste

Fund / asset manager has stewardship /responsible ownership strategy with involves encouraging investee asset to reduce plastic waste and pollution.

Engaging to encourage responsible mining practices

Fund / asset manager has a stewardship / responsible ownership policy that means they are working to encourage more responsible mining practices - where environmental and social issues are properly dealt with by the companies they invest in.

Engaging on biodiversity / nature issues

The fund / asset manager has a responsible ownership / stewardship strategy that focuses on biodiversity and nature issues relating to the assets they invest the aim of which will be to reduce harm and or deliver improvement. Strategies vary. https://tnfd.global

Engaging to encourage a Just Transition

Fund / asset manager has a responsible ownership / stewardship strategy which means they are working to encourage the shift to more sustainable business practices in ways that respect and are sensitive to social issues and the impact change has on people effected by the changes that are taking place. https://www.transitionpathwayinitiative.org/ https://transitiontaskforce.net/

Engaging on human rights issues

Fund / asset manager has responsible ownership / stewardship strategy in place which aims to address human rights issues in investee companies (and potentially their suppliers) with the aim of raising standards

Engaging on labour / employment issues

Fund / asset manager has responsible ownership / stewardship strategy in place that aims to improve labour standards for the benefit of employees in investee companies (and potentially their suppliers)

Engaging on diversity, equality & / or inclusion issues

Fund / asset management company has a stewardship strategy in place which involves working to raise diversity, equality and inclusion standards across investee assets

Engaging on governance issues

Fund / asset managers have stewardship strategies in place that focus on improving governance standards across investee assets

Engaging on responsible supply chain issues

Has a stewardship / responsible ownership strategy that encourages responsible supply chain - ie the managers will discuss environmental, social and governance issues with investee companies with the aim of raising standards

Engaging on the responsible use of AI

Working to address sustainability, ESG and related concerns around artificial intelligence.

Company Wide Exclusions
Controversial weapons avoidance policy (AFM companywide)

Find fund / asset management companies (not funds) that avoid investment in 'controversial weapons' across all of their funds and other investment vehicles.

Tobacco avoidance policy (AFM companywide)

Find fund / asset management companies that avoid investment in tobacco (manufacturing) companies across all their assets.

Fossil fuel exclusion policy (AFM companywide)

Find fund / asset management companies that avoid investment in fossil fuel companies (e.g. coal, oil and gas) across all of their funds. (and/ or other assets.)

Review(ing) carbon / fossil fuel exposure for all funds (AFM companywide)

Find funds / asset managers that are reviewing, or have reviewed, their exposure to carbon intensive industries including (but not only) mining, oil and gas companies. (Typically with reference to climate change.)

Climate & Net Zero Transition
Net Zero - have set a Net Zero target date (AFM companywide)

This fund / asset management company has set a date by which they plan to achieve net zero greenhouse gas / CO2e emissions.

Encourage carbon / greenhouse gas reduction (AFM companywide)

Find fund / asset management companies that are working with the companies they invest in to encourage reductions in carbon dioxide and other greenhouse gas emissions.

Carbon transition plan published (AFM companywide)

Finds organisations / fund managers that have a company wide carbon transition plan - meaning that they have plotted a path to how they will move away from activities that produce or use carbon based energy sources (that emit greenhouse gases) towards clean, alternative, renewable energy sources.

‘Forward Looking Climate Metrics’ published / ITR (AFM companywide)

Finds organisations / fund managers that have published ‘forward looking climate metrics’ e.g. 'implied temperature rise' data that are a total of the asset management company's share (% owned) of all the investee company emissions of the assets they manage, as well as their own direct and other indirect emissions.

Carbon offsetting - offset carbon as part of net zero plan (AFM companywide)

This fund / asset management company plans to achieve net zero greenhouse gas (CO2e) emissions with the help of a scheme that will lock away an amount of carbon that is equivalent to the company’s own emissions – so that the end result is ‘net zero’. Calculations and scope vary.

Working towards a ‘Net Zero’ commitment (AFM companywide)

Finds organisations / fund management companies that are in the process of working out how to make a ‘net zero commitment’ - meaning that when that is finalised they will have started the process of reducing their total greenhouse gas emissions to 'zero'.

Committed to SBTi / Science Based Targets Initiative

See https://sciencebasedtargets.org/

Transparency
Publish responsible ownership / stewardship report (AFM companywide)

Find fund / asset management companies that publish a report detailing their responsible investment ownership - also known as 'Stewardship' - activity.

Full stewardship / responsible ownership policy information on company website

Find fund / asset management companies that publish information about their sustainable and responsible investment strategies on their company website.

Full stewardship / responsible ownership policy information available on request

Find fund / asset management companies that will supply information about their sustainable and responsible investment activity on request.

Publish full voting record (AFM companywide)

Fund / asset management companies that publish a full record of how they vote their shares at AGMs (annual general meetings) and EGMs (extraordinary general meetings). Voting strategies have an important role to play encouraging higher environmental, social and governance standards.

Sustainability transition plan publicly available (AFM companywide)

This fund / asset management company has published a plan that explains how they are to become a sustainable business - without significant negative environmental or social impacts.

Paris Alignment plan publicly available (AFM companywide)

This fund / asset management company has published a plan that explains how they will align to the climate change commitments made at the Paris Climate Talks, COP21.

Net Zero transition plan publicly available (AFM companywide)

This fund / asset management company has published a plan that explains how they are going to achieve net zero greenhouse gas / CO2e emissions.

Resources, Affiliations & Corporate Strategies:

Pictet Asset Management has a dedicated ESG Team which leads and co-ordinates implementation of our responsible investment policy, including ESG integration in investment processes, ownership practices, risk management and reporting tools. The ESG Team reports directly to Sébastien Eisinger, Managing Partner Pictet Group, Co-CEO Pictet Asset Management and Head of Investments.

Key responsibilities include:
 

Investments

  • Selection and due-diligence of external data providers in collaboration with investment teams and other B/Ls
  • Development of proprietary assessment methodologies (eg sector-specific “E&S Deep Dives”, sovereign issuers)
  • Integration of relevant ESG datasets in IT systems and definition of quality checks
  • Training and awareness raising of investment teams

Active Ownership

  • Definition of engagement strategy and proxy voting policy
  • Co-ordinate targeted engagements and participation in collaborative initiatives
  • Consensus building between investment teams on specific resolutions

Pictet Asset Management has been a signatory of the UNPRI since 2007. In addition, Pictet Asset Management actively participates in several investor initiatives aimed at sharing best practices between asset managers and owners and encouraging corporate disclosure on ESG issues. We are notably involved in the IIGCC (Institutional Investors Group on Climate Change), SSF (Swiss Sustainable Finance) and similar organisation in the UK, Germany and Spain.

 Pictet Group and / or Pictet Asset Management supports and actively participates in international and national initiatives, organisations and partnerships including:

Organisation / Initiatives / Partnerships, Pictet's involvement,  year, and key areas of focus: 

  • FNG, SpainSIF: Member, 2006 - Transparency on ESG
  • UNPRI: Signatory, 2007 - Transparency on ESG
  • Copenhagen Institute for Futures Studies (CIFS): Member, Research Partnership: Megatrends Research, 2007 - Interdisciplinary academic disciplines
  • CDP: Member, 2007 - Carbon
  • Swiss Climate Foundation: Corporate sponsor, 2008 - Climate
  • Sustainable Finance Geneva (SFG): Institutional Partner (Pictet Group), President Strategy and Surveillance Committee, 2008 - Promotion of sustainable finance
  • EFAMA (European Fund and Asset Management Association): Member of the Stewardship Market Integrity & ESG Investment Standing Committee, 2010 - Fund and Asset Management
  • Climate Bond Initiative: Member of the Standards Board, 2013 - Climate
  • IIGCC (Institutional Investors Group on Climate Change): Member of the Adaptation & Resilience Working Group, 2013 - Climate
  • FTSE Environmental Markets: Member of the Advisory Committee, 2013 - Environment
  • Swiss Sustainable Finance (SSF): Founding member, 2014 - Promotion of the integration of sustainability in the financial industry
  • JP Stewardship Code: Signatory, 2014 - Stewardship standards
  • Stockholm Resilience Centre (SRC): Research Partnership: Planetary Boundaries Framework (from 2014-ongoing), Mistra Biodiversity Finance programme (from 2022), 2014 - Core focus is to advance research in the frontier of biosphere-based sustainability science, applying a social ecological approach and resilience thinking
  • Investment Association: Member of the Sustainability and Responsible Investment Committee , 2018 - Stewardship and Corporate governance
  • Climate Action 100+: Collaborative Engagement, 2018 - Climate
  • Access to Nutrition Initiative (ATNI): Signatory (Pictet Group), 2018 - Delivery of nutritious, affordable foods.
  • Empower: Partnership, 2019 - Youth at Risk
  • UNEP Finance Initiative: Signatory (Pictet Group), 2019 - Environment
  • Task Force on Climate-related Financial Disclosures (TCFD): Signatory, 2020 - Consistent climate-related financial risk disclosures
  • FAIRR: Member, 2021 - Animal agriculture
  • ICGN (International Corporate Governance Network): Member, 2021 - Governance
  • Science Based Targets Initiative (SBTI): Signatory (Pictet Group), 2021 - Climate
  • Net Zero Asset Managers Initiative: Signatory (Pictet Group), 2021 - Climate
  • ESG Data Convergence Project: Steering Committee member (Pictet Group), 2021 - ESG metrics
  • UN Principles on Responsible Banking: Signatory (Pictet Group), 2021 - Sustainable/responsible banking
  • UK Stewardship Code 2020: Signatory, 2022 - Stewardship standards
  • Institute of International Finance (IIF) : Research Partnership: Bonds that build back better, 2022 - Green, transition, social, sustainability & sustainability-linked bonds
  • Responsible Investing Association (RIA): Member, 2022 - Canada's industry association for responsible investment
  • Ceres Valuing Water Finance Initiative: Signatory (Pictet Group), 2022 - Water
  • Finance for Biodiversity Foundation: Member (Pictet Group); participants in the Impact Assessment and Engagement Working Groups, 2022 - Biodiversity
  • Taskforce for Nature-related Financial Disclosures (TNFD): Member of TNFD Forum (Pictet Group), 2022 - Risk management and disclosure framework on nature-related issues
  • UN Global Compact: Signatory (Pictet Group), 2022 - Global sustainability principles

 

Source: Pictet Asset Management (April 2023)

 

Other industry associations:

Name, Involvement of Pictet Asset Management, Year and Scope

  • Asset Management Association Switzerland (AMAS): Member (Pictet Group), Member of the Distribution, Taxes Specialist Committees , 1993 - Swiss Asset Management industry development
  • German Investment Funds Association (BVI): Member, 2004 - German Asset Management industry development
  • International Capital Markets Association (ICMA): Member, xxxx - Securities market

 

Furthermore, Pictet, together with Swiss Sustainable Finance, was leading an initiative to put pressure on index providers to remove controversial weapon manufacturers from mainstream indices. The initiative, launched in August 2018, secured the backing of 174 signatories controlling over USD 9.7 trillion and including international asset owners and managers (as of January 2020). This initiative has now been closed due to inclusion of controversial weapons exposure disclosures in draft RTS and EU Benchmarking regulation.

About The Business
Boutique / specialist fund management company

Find fund / asset management companies that are smaller or specialise in particular areas - notably, ideally ESG related. Strategies vary.

Responsible ownership / stewardship policy or strategy (AFM companywide)

Finds fund / asset management companies that have a published company wide stewardship, engagement and / or responsible ownership policy or strategy that covers all investments. Stewardship typically involves encouraging higher ESG standards through voting and dialogue.

ESG / SRI engagement (AFM companywide)

Find fund / asset management companies that actively encourage higher 'environmental, social and governance' and / or 'sustainable and responsible investment' practices across investee companies - typically where the aim is to encourage positive change that is aligned with the best interests of investors. Strategies vary. See additional information and options.

Vote all* shares at AGMs / EGMs (AFM companywide)

Find fund / asset managers that vote all* the shares they own at Annual General Meetings and Extraordinary General Meetings. A commitment to voting shares is a key indicator of 'responsible share ownership' demonstrating their support for or disagreement with management policy. (*situations can legitimately, occasionally occur where voting proves impossible, but in principle all shares should be voted.)

Responsible ownership / ESG a key differentiator (AFM companywide)

Find fund / asset managers that consider responsible ownership and ESG to be a key differentiator for their business.

Sustainable property strategy (AFM companywide)

Find fund / asset management companies that take sustainability criteria into account when selecting and/or managing all of their property / real estate investments.

Senior management KPIs include environmental goals (AFM companywide)

The leadership team of this fund / asset manager have performance targets linked to environmental goals.

SDG aligned aims / objectives (AFM companywide)

Find fund / asset management companies that aim to align all their investments (across all funds) to help meet the aims of the UN Sustainable Development Goals.

Responsible ownership policy for non SRI / sustainable options (AFM companywide)

Find options run by managers that apply Responsible ownership or 'Stewardship' policies to all or most of their investment assets. This means active involvement (e.g. voting, dialogue) with the companies across all or most funds, products and services.

Integrates ESG factors into all / most research (AFM companywide)

Find fund / asset management companies that consider environmental, social and governance (ESG) issues when deciding whether or not to invest in a company for all / almost all of their funds and other assets. This is increasingly seen as part of sound risk management.

In-house diversity improvement programme (AFM companywide)

Finds organisations / fund managers that have an in-house (company wide) diversity improvement programme - meaning that they are working to ensure that within their own businesses they employ people from diverse backgrounds - often typically focused on ethnicity and/or sex.

Diversity, equality & inclusion engagement policy (AFM companywide)

Find fund / asset management companies that encourage the companies they invest in to have strong diversity, race, gender and other equality policies across all assets held, not simply screened or themed SRI/ESG funds. (ie Asset Management company wide).

Invests in newly listed companies (AFM companywide)

This fund / asset management company invests in companies which have recently listed on a stock exchange (which is important as it can help grow new businesses).

Invests in new sustainability linked bond issuances (AFM companywide)

Fund / asset management company has investments in bonds designed to meet sustainability requirements - however these assets may not be 'ringfenced' for this purpose. See website for details.

Offer structured intermediary sustainable investment training

Fund management entity offers unstructured intermediary training on sustainable investment (ie for financial advisers and wealth managers)

Collaborations & Affiliations
PRI signatory

Find fund / asset management companies that have signed up to the UN backed 'Principles of Responsible Investment'.

Fund EcoMarket partner

Find fund / asset management companies that have partnered with Fund EcoMarket - meaning that they are helping to improve access to information on sustainable and responsible investment by paying an annual fee to us which enables us to publish information for free. Partner funds are listed ahead of other funds and have their logos displayed.

UN Principles of Responsible Banking framework signatory (AFM companywide)

This fund / asset manager has signed up to the UNEP (United Nations Environment Program) program which aims to encourage more responsible banking practices – focused on environmental and social issues.

TNFD forum member (AFM companywide)

A member of the Taskforce for Nature Related Financial Disclosures group which aims to aid risk management and shift money towards nature-positive outcomes.

Investment Association (IA) member

Fund management entity is a member of the Investment Association https://www.theia.org/

Resources
In-house responsible ownership / voting expertise

Find fund / asset management companies that employ people to steer and support fund managers in voting shares at company AGM's and EGMs in ways that are consistent with encouraging higher ESG/sustainability standards.

Employ specialist ESG / SRI / sustainability researchers

Find a fund / asset management company that directly employs specialist ESG/SRI/sustainability researchers or analysts. This allows asset managers to discuss environmental, social and governance risks and opportunities directly with companies.

Use specialist ESG / SRI / sustainability research companies

Find fund / asset management companies that makes use of expert external research companies. This can help deliver specialist expertise and means resources are pooled with other investors.

Accreditations
UK Stewardship Code signatory (AFM companywide)

Find fund / asset managers that are signatories to the FRC UK Stewardship Code, which sets out a framework for constructive investor / investee relations where managers are encouraged to behave like responsible, typically longer term 'company owners'.

Engagement Approach
Regularly lead collaborative ESG initiatives (AFM companywide)

Find fund / asset management companies that regularly initiate or run industry wide (collaborative) investor projects aimed at raising environmental, social and governance standards amongst investee companies.

Encourage responsible corporate taxation (AFM companywide)

Find fund / asset management companies that are working with the companies they invest in to encourage more responsible corporate taxation.

Engaging with fossil fuel companies on climate change

Fund / asset manager has a stewardship /responsible ownership strategy that involves working with fossil fuel companies on climate change related issues. See fund manager website for details.

Engaging to reduce plastics pollution / waste

Fund / asset manager has stewardship /responsible ownership strategy with involves encouraging investee asset to reduce plastic waste and pollution.

Engaging to encourage responsible mining practices

Fund / asset manager has a stewardship / responsible ownership policy that means they are working to encourage more responsible mining practices - where environmental and social issues are properly dealt with by the companies they invest in.

Engaging on biodiversity / nature issues

The fund / asset manager has a responsible ownership / stewardship strategy that focuses on biodiversity and nature issues relating to the assets they invest the aim of which will be to reduce harm and or deliver improvement. Strategies vary. https://tnfd.global

Engaging to encourage a Just Transition

Fund / asset manager has a responsible ownership / stewardship strategy which means they are working to encourage the shift to more sustainable business practices in ways that respect and are sensitive to social issues and the impact change has on people effected by the changes that are taking place. https://www.transitionpathwayinitiative.org/ https://transitiontaskforce.net/

Engaging on human rights issues

Fund / asset manager has responsible ownership / stewardship strategy in place which aims to address human rights issues in investee companies (and potentially their suppliers) with the aim of raising standards

Engaging on labour / employment issues

Fund / asset manager has responsible ownership / stewardship strategy in place that aims to improve labour standards for the benefit of employees in investee companies (and potentially their suppliers)

Engaging on diversity, equality & / or inclusion issues

Fund / asset management company has a stewardship strategy in place which involves working to raise diversity, equality and inclusion standards across investee assets

Engaging on governance issues

Fund / asset managers have stewardship strategies in place that focus on improving governance standards across investee assets

Engaging on responsible supply chain issues

Has a stewardship / responsible ownership strategy that encourages responsible supply chain - ie the managers will discuss environmental, social and governance issues with investee companies with the aim of raising standards

Engaging on the responsible use of AI

Working to address sustainability, ESG and related concerns around artificial intelligence.

Company Wide Exclusions
Controversial weapons avoidance policy (AFM companywide)

Find fund / asset management companies (not funds) that avoid investment in 'controversial weapons' across all of their funds and other investment vehicles.

Tobacco avoidance policy (AFM companywide)

Find fund / asset management companies that avoid investment in tobacco (manufacturing) companies across all their assets.

Fossil fuel exclusion policy (AFM companywide)

Find fund / asset management companies that avoid investment in fossil fuel companies (e.g. coal, oil and gas) across all of their funds. (and/ or other assets.)

Review(ing) carbon / fossil fuel exposure for all funds (AFM companywide)

Find funds / asset managers that are reviewing, or have reviewed, their exposure to carbon intensive industries including (but not only) mining, oil and gas companies. (Typically with reference to climate change.)

Climate & Net Zero Transition
Net Zero - have set a Net Zero target date (AFM companywide)

This fund / asset management company has set a date by which they plan to achieve net zero greenhouse gas / CO2e emissions.

Encourage carbon / greenhouse gas reduction (AFM companywide)

Find fund / asset management companies that are working with the companies they invest in to encourage reductions in carbon dioxide and other greenhouse gas emissions.

Carbon transition plan published (AFM companywide)

Finds organisations / fund managers that have a company wide carbon transition plan - meaning that they have plotted a path to how they will move away from activities that produce or use carbon based energy sources (that emit greenhouse gases) towards clean, alternative, renewable energy sources.

‘Forward Looking Climate Metrics’ published / ITR (AFM companywide)

Finds organisations / fund managers that have published ‘forward looking climate metrics’ e.g. 'implied temperature rise' data that are a total of the asset management company's share (% owned) of all the investee company emissions of the assets they manage, as well as their own direct and other indirect emissions.

Carbon offsetting - offset carbon as part of net zero plan (AFM companywide)

This fund / asset management company plans to achieve net zero greenhouse gas (CO2e) emissions with the help of a scheme that will lock away an amount of carbon that is equivalent to the company’s own emissions – so that the end result is ‘net zero’. Calculations and scope vary.

Working towards a ‘Net Zero’ commitment (AFM companywide)

Finds organisations / fund management companies that are in the process of working out how to make a ‘net zero commitment’ - meaning that when that is finalised they will have started the process of reducing their total greenhouse gas emissions to 'zero'.

Committed to SBTi / Science Based Targets Initiative

See https://sciencebasedtargets.org/

Transparency
Publish responsible ownership / stewardship report (AFM companywide)

Find fund / asset management companies that publish a report detailing their responsible investment ownership - also known as 'Stewardship' - activity.

Full stewardship / responsible ownership policy information on company website

Find fund / asset management companies that publish information about their sustainable and responsible investment strategies on their company website.

Full stewardship / responsible ownership policy information available on request

Find fund / asset management companies that will supply information about their sustainable and responsible investment activity on request.

Publish full voting record (AFM companywide)

Fund / asset management companies that publish a full record of how they vote their shares at AGMs (annual general meetings) and EGMs (extraordinary general meetings). Voting strategies have an important role to play encouraging higher environmental, social and governance standards.

Sustainability transition plan publicly available (AFM companywide)

This fund / asset management company has published a plan that explains how they are to become a sustainable business - without significant negative environmental or social impacts.

Paris Alignment plan publicly available (AFM companywide)

This fund / asset management company has published a plan that explains how they will align to the climate change commitments made at the Paris Climate Talks, COP21.

Net Zero transition plan publicly available (AFM companywide)

This fund / asset management company has published a plan that explains how they are going to achieve net zero greenhouse gas / CO2e emissions.

Pictet Asset Management has a dedicated ESG Team which leads and co-ordinates implementation of our responsible investment policy, including ESG integration in investment processes, ownership practices, risk management and reporting tools. The ESG Team reports directly to Sébastien Eisinger, Managing Partner Pictet Group, Co-CEO Pictet Asset Management and Head of Investments.

Key responsibilities include:
 

Investments

  • Selection and due-diligence of external data providers in collaboration with investment teams and other B/Ls
  • Development of proprietary assessment methodologies (eg sector-specific “E&S Deep Dives”, sovereign issuers)
  • Integration of relevant ESG datasets in IT systems and definition of quality checks
  • Training and awareness raising of investment teams

Active Ownership

  • Definition of engagement strategy and proxy voting policy
  • Co-ordinate targeted engagements and participation in collaborative initiatives
  • Consensus building between investment teams on specific resolutions

Pictet Asset Management has been a signatory of the UNPRI since 2007. In addition, Pictet Asset Management actively participates in several investor initiatives aimed at sharing best practices between asset managers and owners and encouraging corporate disclosure on ESG issues. We are notably involved in the IIGCC (Institutional Investors Group on Climate Change), SSF (Swiss Sustainable Finance) and similar organisation in the UK, Germany and Spain.

 Pictet Group and / or Pictet Asset Management supports and actively participates in international and national initiatives, organisations and partnerships including:

Organisation / Initiatives / Partnerships, Pictet's involvement,  year, and key areas of focus: 

  • FNG, SpainSIF: Member, 2006 - Transparency on ESG
  • UNPRI: Signatory, 2007 - Transparency on ESG
  • Copenhagen Institute for Futures Studies (CIFS): Member, Research Partnership: Megatrends Research, 2007 - Interdisciplinary academic disciplines
  • CDP: Member, 2007 - Carbon
  • Swiss Climate Foundation: Corporate sponsor, 2008 - Climate
  • Sustainable Finance Geneva (SFG): Institutional Partner (Pictet Group), President Strategy and Surveillance Committee, 2008 - Promotion of sustainable finance
  • EFAMA (European Fund and Asset Management Association): Member of the Stewardship Market Integrity & ESG Investment Standing Committee, 2010 - Fund and Asset Management
  • Climate Bond Initiative: Member of the Standards Board, 2013 - Climate
  • IIGCC (Institutional Investors Group on Climate Change): Member of the Adaptation & Resilience Working Group, 2013 - Climate
  • FTSE Environmental Markets: Member of the Advisory Committee, 2013 - Environment
  • Swiss Sustainable Finance (SSF): Founding member, 2014 - Promotion of the integration of sustainability in the financial industry
  • JP Stewardship Code: Signatory, 2014 - Stewardship standards
  • Stockholm Resilience Centre (SRC): Research Partnership: Planetary Boundaries Framework (from 2014-ongoing), Mistra Biodiversity Finance programme (from 2022), 2014 - Core focus is to advance research in the frontier of biosphere-based sustainability science, applying a social ecological approach and resilience thinking
  • Investment Association: Member of the Sustainability and Responsible Investment Committee , 2018 - Stewardship and Corporate governance
  • Climate Action 100+: Collaborative Engagement, 2018 - Climate
  • Access to Nutrition Initiative (ATNI): Signatory (Pictet Group), 2018 - Delivery of nutritious, affordable foods.
  • Empower: Partnership, 2019 - Youth at Risk
  • UNEP Finance Initiative: Signatory (Pictet Group), 2019 - Environment
  • Task Force on Climate-related Financial Disclosures (TCFD): Signatory, 2020 - Consistent climate-related financial risk disclosures
  • FAIRR: Member, 2021 - Animal agriculture
  • ICGN (International Corporate Governance Network): Member, 2021 - Governance
  • Science Based Targets Initiative (SBTI): Signatory (Pictet Group), 2021 - Climate
  • Net Zero Asset Managers Initiative: Signatory (Pictet Group), 2021 - Climate
  • ESG Data Convergence Project: Steering Committee member (Pictet Group), 2021 - ESG metrics
  • UN Principles on Responsible Banking: Signatory (Pictet Group), 2021 - Sustainable/responsible banking
  • UK Stewardship Code 2020: Signatory, 2022 - Stewardship standards
  • Institute of International Finance (IIF) : Research Partnership: Bonds that build back better, 2022 - Green, transition, social, sustainability & sustainability-linked bonds
  • Responsible Investing Association (RIA): Member, 2022 - Canada's industry association for responsible investment
  • Ceres Valuing Water Finance Initiative: Signatory (Pictet Group), 2022 - Water
  • Finance for Biodiversity Foundation: Member (Pictet Group); participants in the Impact Assessment and Engagement Working Groups, 2022 - Biodiversity
  • Taskforce for Nature-related Financial Disclosures (TNFD): Member of TNFD Forum (Pictet Group), 2022 - Risk management and disclosure framework on nature-related issues
  • UN Global Compact: Signatory (Pictet Group), 2022 - Global sustainability principles

 

Source: Pictet Asset Management (April 2023)

 

Other industry associations:

Name, Involvement of Pictet Asset Management, Year and Scope

  • Asset Management Association Switzerland (AMAS): Member (Pictet Group), Member of the Distribution, Taxes Specialist Committees , 1993 - Swiss Asset Management industry development
  • German Investment Funds Association (BVI): Member, 2004 - German Asset Management industry development
  • International Capital Markets Association (ICMA): Member, xxxx - Securities market

 

Furthermore, Pictet, together with Swiss Sustainable Finance, was leading an initiative to put pressure on index providers to remove controversial weapon manufacturers from mainstream indices. The initiative, launched in August 2018, secured the backing of 174 signatories controlling over USD 9.7 trillion and including international asset owners and managers (as of January 2020). This initiative has now been closed due to inclusion of controversial weapons exposure disclosures in draft RTS and EU Benchmarking regulation.

Funds

Disclaimer

This marketing material is for distribution to professional, accredited and qualified investors only. It is neither directed to, nor intended for distribution or use by, any person or entity who is a citizen or resident of or located in any locality, state, country, or jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.

The information and data presented in this document are not to be considered as an offer or solicitation to buy, sell or subscribe to any securities or financial instruments or services.  

The information used in the preparation of this document is based upon sources believed to be reliable, but no representation or warranty is given as to the accuracy or completeness of those sources. Information, opinions and estimates contained in this document reflect a judgment at the original date of publication and are subject to change without notice.

This material does not contain sufficient information to support an investment decision and it should not be relied upon by you in evaluating the merits of investing in any products or services offered or distributed by Pictet Asset Management. Pictet Asset Management has not ensured the suitability of the securities mentioned in this document for any specific investor, and it should not be relied upon as a substitute for independent judgment; investors are advised to determine the suitability of the investment based on their financial knowledge, experience, goals and situation, or to seek specific advice from an industry professional before making any investment decisions. Investors should read the prospectus or offering memorandum before investing in any Pictet managed funds. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.

Past performance is not a guide to future performance.  The value of investments and the income from them can fall as well as rise and is not guaranteed. Investors may not get back the amount originally invested. This document has been issued in Switzerland by Pictet Asset Management S.A. and in the rest of the world by Pictet Asset Management (Europe) S.A., and may not be reproduced or distributed, either in part or in full, without their prior authorisation.

Effective allocations are subject to change and may have changed since the date of the marketing material.

Any index data referenced herein remains the property of the Data Vendor. Data Vendor Disclaimers are available on pictet.com/assetmanagement   in the “Resources” section of the footer.

The latest version of the fund‘s prospectus, Pre-Contractual Disclosure (PCD) when applicable, Key Investor Information Document (KIID), annual and semi-annual reports must be read before investing. They are available free of charge in English on pictet.com/assetmanagement or in paper copy at Pictet Asset Management (Europe) S.A., 6B, rue du Fort Niedergruenewald, L-2226 Luxembourg, or at the office of the fund local agent, distributor or centralizing agent if any. The KIID is also available in the local language of each country where the compartment is registered. The prospectus, the PCD when applicable, and the annual and semi-annual reports may also be available in other languages, please refer to the website for other available languages.  Only the latest version of these documents may be relied upon as the basis for investment decisions.

The summary of investor rights (in English and in the different languages of our website) is available here and at pictet.com/assetmanagement under the heading "Resources", at the bottom of the page.

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Any investment guidelines presented are internal guidelines which are subject to change at any time and without any notice within the limits of the fund's prospectus or Private Placement Memorandum.

The mentioned financial instruments are provided for illustrative purposes only and shall not be considered as a direct offering, investment recommendation or investment advice. Reference to a specific security is not a recommendation to buy or sell that security.

Past performance is not a guarantee or a reliable indicator of future performance. Performance data does not include the commissions and fees charged at the time of subscribing for or redeeming shares.

This document is not in scope for any MiFID II/MiFIR requirements specifically related to investment research.

As part of its sustainable investing efforts, Pictet Asset Management (“Pictet”) utilises the SDG logos, icons and colour wheel as illustrations to advance the firm’s sustainable targets and goals. The SDG logos, icons and colour wheel are and remain the intellectual property of the United Nations. The United Nations is in no way affiliated with Pictet. This material contains certain artistic or designed elements for which copyrighted materials shall be used for illustrative purposes only. The content of this publication has not been approved by the United Nations and does not reflect the views of the United Nations or its officials or Member States and further the United Nations did not endorse the content or data behind the SDG logos, icons and colour wheel. All content and data have been compiled by Pictet for the advancement of the goals and should not be considered as a direct offering, investment recommendation or investment advice. Pictet makes no ownership claims for the colours, shapes, or names as shown in the illustrations. All design rights remain the design rights of the United Nations. For more information on United Nations Sustainable Development Goals please go to: https://www.un.org/sustainabledevelopment.