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A Responsible Vision a Responsiblepictet Group Vision

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A Responsible Vision a Responsiblepictet Group Vision PICTET GROUP A RESPONSIBLE VISION A RESPONSIBLEPICTET GROUP VISION A Responsible Vision II.I. This document is part of four brochures that highlight Pictet’s efforts in environmental, social and governance (ESG) BUILDINGPRINCIPLES RESPONSIBLE IN ACTION: PARTNERSHIPS: OUR PEOPLE issues. The brochures focus on investments for institutionals, philanthropy, wealth management, as well as corporate and OUR AMBITIONS AND BELIEFS environmental initiatives. A Prix Pictet portfolio This brochure showcases the Pictet Group’s achievements in CORPORATE CULTURE tackling ESG issues. It also features the work of Roman Signer, Human progress and economic development over the last a multiple award-winning Swiss artist and photographer, Our independencecentury has enabled have come us toat investa cost to our natural environment. who was nominated for the 2008 Prix Pictet, with the theme and expand ourPopulation business with growth the long and rising standards of living have of “Water”. term in mind. Itled also to allowsexponential us to pursue demand for energy and other natural a unique approachresources. to recruiting This has and not only caused damage to our The Prix Pictet is the world’s leading award for photography 4,700 Number of people working and sustainability. Launched in 2008, the award draws managing people.biosphere; the Earth’s capacity to regenerate has also been for Pictet at 28 offi ces around global attention to these issues. There have been eight cycles rapidly overstretched. the world. Forty years ago, of the award to date – each of which has highlighted a In 1921, we were one of the fi rst banks in the we employed just 300 people particular facet of sustainability. The photographers are nominated by a worldwide network of experts. world to introduceThe achallenges profi t-sharing we face scheme require an accelerated transition as an incentive to employees.a more resilient All employees and sustainable economy. For the fi nan- are eligible andcial around system, 60% we are believe currently that this calls for a systemic shift The photographer benefi ciaries of thein focusscheme. from By givingexclusively the maximising fi nancial returns Roman Signer was born in 1938 in Appenzell, Switzerland. He is a visual artist who works in sculpture, photography majority of ourto employees embracing a directnew models stake based on solid science, innovative and video. His action sculptures involve setting up, carrying in Pictet’s growthpartnerships and success, and we’ve systematically considering environmen-6.6% out, and recording experiments or events that bear aesthetic aligned employeetal, interests social and with governance those of factors in investmentPictet’s decisions employee turnover, one of the lowest in the fi nancial industry results. Signer’s work has been shown at numerous galleries the Group and itsand owners. active ownership practices. It also means further and museums in Europe, North America and Asia over the last thirty years. developing solutions that redirect capital fl ows to issuers Our employees bestin Switzerland positioned areto tackle also able these challenges. to enjoy the benefi ts of a rigorously managed pension fund, withWe have careful three attention ambitions paid before 2025: to how the fund’s assets are invested at any given time. 21 Pictet In years, the average tenure of our managing partners Pictet is a partnership of seven owner-managers. These characteristics strengthen the notion Its principles of succession and transmission of own- ership have remained unchanged since foundation of partnership between employees and the in 1805. It offers only asset management, alternative company, as well as creating a lasting investment solutions and related asset services. The relationship of trust between the company Group does not engage in investment banking, nor and clients. This approach provides stability does it extend commercial loans. 1 2 3 and reinforces the Group’s values and corporate culture. With CHF 576 billion in assets under management To signifi cantly reduce the To fully integrate ESG factors To be a leading provider at 31 December 2019, Pictet is today one of the environmental impact of our and active ownership into of responsible products leading Europe-based independent wealth and asset activities and investments all investment processes and solutions managers. Founded and headquartered in Geneva, Switzerland, Pictet today employs more than 4,700 people. It has 28 offices. 114 A RESPONSIBLEPICTET GROUP VISION II.I. BUILDINGPRINCIPLES RESPONSIBLE IN ACTION: PARTNERSHIPS: OUR PEOPLE OUR AMBITIONS AND BELIEFS CORPORATE CULTUREHuman progress and economic development over the last Our independencecentury has enabled have come us toat investa cost to our natural environment. and expand ourPopulation business with growth the long and rising standards of living have term in mind. Itled also to allowsexponential us to pursue demand for energy and other natural a unique approachresources. to recruiting This has and not only caused damage to our4,700 managing people.biosphere; the Earth’s capacity to regenerate hasNumber also been of people working for Pictet at 28 offi ces around rapidly overstretched. the world. Forty years ago, In 1921, we were one of the fi rst banks in the we employed just 300 people world to introduceThe achallenges profi t-sharing we face scheme require an accelerated transition as an incentive to employees.a more resilient All employees and sustainable economy. For the fi nan- are eligible andcial around system, 60% we are believe currently that this calls for a systemic shift benefi ciaries of thein focusscheme. from By givingexclusively the maximising fi nancial returns majority of ourto employees embracing a directnew models stake based on solid science, innovative in Pictet’s growthpartnerships and success, and we’ve systematically considering environmen-6.6% aligned employeetal, interests social and with governance those of factors in investmentPictet’s decisions employee turnover, one of the lowest in the fi nancial industry the Group and itsand owners. active ownership practices. It also means further developing solutions that redirect capital fl ows to issuers Our employees bestin Switzerland positioned areto tackle also able these challenges. to enjoy the benefi ts of a rigorously managed pension fund, withWe have careful three attention ambitions paid before 2025: to how the fund’s assets are invested at any given time. 21 In years, the average tenure of our managing partners These characteristics strengthen the notion of partnership between employees and the company, as well as creating a lasting relationship of trust between the company 1and clients. This approach provides2 stability 3 and reinforces the Group’s values and corporate culture. To signifi cantly reduce the To fully integrate ESG factors To be a leading provider environmental impact of our and active ownership into of responsible products activities and investments all investment processes and solutions 1143 A RESPONSIBLEPICTET GROUP VISION PICTET GROUP II. PRINCIPLES IN ACTION: OUR PEOPLE A10 VIRTUOUS LEVERS OF CIRCLE ACTION 3. How we manage our direct environ- CORPORATE CULTURE To achieve these ambitions, we have mental impacts: In our own business Our independence has enabled us to invest identifi ed 10 levers of action for conducting activities we are taking every possible and expand our business with the long our own activities and for managing assetsINDEPENDENCE step to cut our carbon footprint by term in mind. It also allows us to pursue on behalf of our clients. Having no external shareholdersemploying the most advanced building a unique approach to recruiting and means we have the independence 4,700 technology, reviewing every aspect managing people. Number of people working of mind to always act in our clients’ for Pictet at 28 offi ces around How we conduct our activities interests. This in turn benefiof our ts operations and reducing the the world. Forty years ago, Responsibility starts with what weinvestment do with performance.environmental impacts of our infra- In 1921, we were one of the fi rst banks in the we employed just 300 people our own assets. structure and employee mobility. world to introduce a profi t-sharing scheme as an incentive to employees. All employees 1. How we invest our balance sheet: 4. Philanthropy for environmental and are eligible and around 60% are currently This includes our corporate treasury social benefi t: As the ultimate “risk benefi ciaries of the scheme. By giving the ENTREPRENEURIALas well as seed SPIRIT investments. As we have capital”, philanthropyLONG-TERM can be an THINKING import- majority of our employees a direct stake But thesefull controlprinciples over are our balance sheet, ant part of tackling someWe resist of thethe temptations world’s in Pictet’s growth and success, we’ve 6.6% meaninglesswe have if we committed don’t stay to portfolio decar- most intractable problems.of short-term Through fashion in favour aligned employee interests with those of Pictet’s employee turnover, one of the lowest in the fi nancial industry true tobonisation our entrepreneurial and investing in activitiesBUILDING RESPONSIBLEour initiatives and supportedof long-term, projects, sustainable the Group and its owners. origins. decision-making. that contribute to accelerating thePARTNERSHIPS we seek to stimulate action on environ- transition to a low-carbon economy. mental and social issues. Our employees in Switzerland are also able to enjoy the benefi ts of a rigorously
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