Prix Pictet

Pictet & Cie is a leading global wealth and asset management group, which aims to be grounded on sustainable business principles for the environment, society and corporate governance.

The Prix Pictet was developed by Pictet to deepen our understanding of the changes taking place in our world and to raise public awareness of the urgency of taking preventative action.

Further to awarding the prize to an individual artist, a Prix Pictet Commission will be undertaken each year. A shortlisted photographer will be invited to produce a series of images by visiting a region where Pictet & Cie are supporting a project or group of projects related to the theme of the award.

For the 2008 Prix Pictet Commission, building on Pictet & Cie’s support for WaterAid’s work in Bangladesh, shortlisted artist Munem Wasif was commissioned to visit the Satkhira region of south-west Bangladesh.

For 2009 Pictet & Cie will support Azafady’s work in Madagascar.

Pictet & Cie and Sustainability

In this context we seek sustainability not just in terms of our core business and financial success, but to build long-term partnerships with our stakeholders based on trust and mutual respect.

Sustainable development is embedded in Pictet's history

Pictet pledges to work towards sustainable development both by managing our in-house operations in the most appropriate way and above all by offering our clients a choice of high-quality products in the field of sustainable investment.

Pictet's sustainable vision has arisen from our more than 200-year history as a family-owned business, growing by developing enduring relationships with our clients and employees and firmly rooted in the highest standards of business and personal behaviour. As long-term stewards of our clients' capital, we cannot afford to take short-term views or to ignore the eventual consequences of our actions, whether financial or personal.

Teaming up for sustainable development

In managing our business and setting our long-term objectives, we carefully select partner organisations and business principles that are consistent with the sustainable objectives we have set for ourselves. For example, Pictet was the first bank to join the Global Footprint Network, which pioneered the now widely accepted Ecological Footprint. Pictet Asset Management has signed the Principles for Responsible Investment (PRI), based on the philosophy of the UN Global Compact Initiative.

Initiatives and support

As a well-resourced, financially secure business, Pictet recognise their responsibility to contribute to the solution of environmental and social issues. Every year, Pictet supports sustainability initiatives at both the international and local level.