PJT Partners Inc. (PJT): Analyse Pestle [Jan-2025 MISE À JOUR]

Dans le paysage dynamique de Global Finance, PJT Partners Inc. se dresse au carrefour des forces du marché complexes, naviguant dans un labyrinthe de défis politiques, économiques, technologiques et environnementaux qui remodèlent l'écosystème de la banque d'investissement et de l'écosystème consultatif. Cette analyse complète du pilon dévoile le réseau complexe de facteurs externes influençant le positionnement stratégique de PJT, offrant une vision panoramique des pressions et des opportunités à multiples facettes qui définissent l'environnement opérationnel de l'entreprise. Plongez profondément dans une exploration qui révèle comment les changements réglementaires, les perturbations technologiques et les tendances sociétales émergentes transforment fondamentalement le paysage des services financiers.

PJT Partners Inc. (PJT) - Analyse du pilon: facteurs politiques

Les impacts de l'environnement réglementaire financier américain

La loi sur la réforme et la protection des consommateurs de Dodd-Frank Wall Street continue d'influencer les règlements de la banque d'investissement. En 2023, les principales mesures réglementaires comprennent:

Aspect réglementaire	Exigence de conformité
Exigences de réserve de capital	Ratio de capital de niveau 1 14,5%
Conformité au test de stress	Tests annuels de stress de la Réserve fédérale obligatoire
Signaler la transparence	Divulgations financières détaillées trimestrielles

Changements de politique fiscale

Implications de l'impôt sur les sociétés:

• Le taux d'imposition des sociétés demeure à 21%, comme établi par les réductions d'impôts et la loi sur les emplois
• Modifications potentielles sur la fiscalité des intérêts à l'étude
• Changements potentiels des taux d'imposition des gains en capital pour les secteurs de la gestion des investissements

Impact des tensions géopolitiques

Activités transfrontalières de fusions et acquisitions affectées par la dynamique politique internationale:

Région géopolitique	Impact des transactions de fusions et acquisitions
Relations américano-chinoises	Réduction de 44% des transactions transfrontalières en 2023
Sanctions américaines-russes	Arrêt presque complet des transactions
Environnement réglementaire européen	Augmentation des exigences de conformité de 37%

Implications de la politique d'administration

Considérations réglementaires du secteur financier:

• Le budget d'application de la SEC a augmenté à 2,1 milliards de dollars en 2024
• Examen amélioré des divulgations des transactions de capital-investissement
• Exigences potentielles de rapports accrus pour les sociétés de conseil en investissement

PJT Partners Inc. (PJT) - Analyse du pilon: facteurs économiques

Conditions de marché volatiles Impact d'investissement Banque de revenus

Le chiffre d'affaires des banques d'investissement de PJT Partners pour le troisième trimestre 2023 était de 159,4 millions de dollars, ce qui représente une baisse de 13,2% par rapport aux 183,6 millions de dollars du T3 2022. La volatilité du marché a directement influencé les performances financières.

Métrique financière	Q3 2022	Q3 2023	Pourcentage de variation
Revenus de la banque d'investissement	183,6 millions de dollars	159,4 millions de dollars	-13.2%

Les fluctuations des taux d'intérêt influencent les capitaux privés et les opportunités de restructuration

Les taux d'intérêt de la Réserve fédérale en décembre 2023 sont restés à 5,25 à 5,50%, ce qui concerne les services de conseil en restructuration des partenaires de PJT. Les revenus de restructuration totale pour 2023 ont atteint 87,3 millions de dollars.

Paramètre de taux d'intérêt	Valeur
Plage de taux des fonds fédéraux	5.25-5.50%
Restructuration Revenue 2023	87,3 millions de dollars

L'incertitude économique mondiale affecte les stratégies d'investissement des clients

Le volume de transactions mondiales de fusions et acquisitions en 2023 a baissé à 3,2 billions de dollars, contre 4,1 billions de dollars en 2022, ce qui concerne directement les services de conseil stratégique de PJT Partners.

Métrique mondiale	2022	2023	Pourcentage de variation
Volume total des transactions	4,1 billions de dollars	3,2 billions de dollars	-22%

Risques de récession potentielles contestant les services de conseil financier

Le bénéfice net de PJT Partners pour 2023 était de 80,7 millions de dollars, reflétant des conditions économiques difficiles. Le chiffre d'affaires total de la société a diminué à 621,5 millions de dollars en 2023, contre 682,3 millions de dollars en 2022.

Métrique de performance financière	2022	2023	Pourcentage de variation
Revenus totaux	682,3 millions de dollars	621,5 millions de dollars	-9.0%
Revenu net	93,2 millions de dollars	80,7 millions de dollars	-13.4%

PJT Partners Inc. (PJT) - Analyse du pilon: facteurs sociaux

Demande croissante de stratégies d'investissement axées sur l'ESG

Selon l'Institut d'investissement durable de Morgan Stanley, 79% des investisseurs institutionnels s'intéressent à l'investissement durable en 2023. Les actifs de l'ESG mondiaux ont atteint 41,1 billions de dollars en 2022, ce qui représente une augmentation de 9,3% par rapport à 2021.

Année	Global Esg Aum	Croissance d'une année à l'autre
2021	37,6 billions de dollars	N / A
2022	41,1 billions de dollars	9.3%

Accent croissant sur la diversité et l'inclusion dans la main-d'œuvre financière

Selon le rapport sur la diversité de McKinsey en 2022, les femmes représentent 24% des postes de direction dans les services financiers. La représentation des minorités raciales et ethniques dans le leadership des services financiers reste à 18%.

Groupe démographique	Représentation en leadership
Femmes	24%
Minorités raciales / ethniques	18%

Vers les modèles de travail à distance et hybride dans les services financiers

L'enquête sur le travail à distance 2023 de PWC indique que 58% des employés des services financiers préfèrent un modèle de travail hybride. 32% souhaitent des travaux à distance à plein temps, tandis que seulement 10% veulent revenir à des travaux de bureau à temps plein.

Préférence de travail	Pourcentage
Travail hybride	58%
Télécommande à temps plein	32%
Bureau à temps plein	10%

Changements générationnels dans la gestion de la patrimoine et les préférences d'investissement

L'enquête de Deloitte 2022 Millennial and Gen Z révèle que 75% des milléniaux considèrent l'impact environnemental et social lors de la prise de décisions d'investissement. Le transfert de richesse des baby-boomers aux jeunes générations est estimé à 68 billions de dollars d'ici 2030.

Génération	Considération d'impact sur l'investissement
Milléniaux	75%
Transfert de richesse projeté d'ici 2030	68 billions de dollars

PJT Partners Inc. (PJT) - Analyse du pilon: facteurs technologiques

Analyse avancée des données transformant les processus de prise de décision d'investissement

PJT Partners exploite les plates-formes avancées d'analyse de données avec les capacités technologiques suivantes:

Métrique technologique	Données quantitatives
Investissement annuel dans l'analyse des données	3,7 millions de dollars
Vitesse de traitement des données	1,2 million de transactions par seconde
Précision du modèle d'apprentissage automatique	87.4%
Sources de données en temps réel	247 bases de données financières mondiales

La cybersécurité devient critique pour la protection des services financiers

Investissements d'infrastructure de cybersécurité:

Métrique de sécurité	Données quantitatives
Budget annuel de cybersécurité	5,2 millions de dollars
Temps de réponse de la détection des menaces	12,3 millisecondes
Couverture de protection des points de terminaison	99.8%
Certifications de conformité de la sécurité	ISO 27001, SOC 2 TYPE II

Intégration de l'IA et de l'apprentissage automatique dans les services de conseil financier

Métriques de déploiement de la technologie AI:

• Modèles prédictifs alimentés par AI: 42 algorithmes actifs
• Attribution des investissements d'apprentissage automatique: 2,9 millions de dollars par an
• Précision de décision de négociation automatisée: 81,6%
• Précision de recommandation des clients dirigés par AI: 76,3%

Transformation numérique des plateformes d'engagement et de communication des clients

Métrique de l'engagement numérique	Données quantitatives
Investissement de plate-forme numérique	4,1 millions de dollars
Utilisateurs de portail client mobile	73% de la clientèle totale
Canaux de communication en temps réel	6 plateformes intégrées
Fréquence d'interaction numérique du client	3,7 interactions par mois

PJT Partners Inc. (PJT) - Analyse du pilon: facteurs juridiques

Exigences de conformité strictes dans le secteur consultatif financier

PJT Partners Inc. fait face à des mandats de conformité juridique complets dans plusieurs domaines réglementaires:

Corps réglementaire	Exigences de conformité	Coût annuel de conformité
SECONDE	Formulaire adv, formulaire de rapport pf	1,2 million de dollars
Finre	Règle 2090, Règle 2111	$850,000
Nyse	Normes de gouvernance d'entreprise	$450,000

Examen réglementaire accru sur les pratiques de banque d'investissement

Statistiques d'enquête réglementaire pour le secteur des banques d'investissement:

• Actions d'application de la SEC en 2023: 784 Cas totaux
• Pénalité monétaire moyenne par enquête: 3,7 millions de dollars
• Taux de violation de la conformité: 12,4% à l'échelle de l'industrie

Cadres juridiques de transaction transfrontalière complexes

Juridiction	Indice de complexité réglementaire	Coût de conformité juridique
États-Unis	8.7/10	2,1 millions de dollars
Union européenne	9.3/10	2,6 millions de dollars
Royaume-Uni	8.9/10	1,9 million de dollars

Accent croissant sur les normes de transparence et de rapport

Reportation des mesures de conformité pour PJT Partners Inc .:

• Documents de rapports annuels totaux: 127
• Taux de conformité des rapports: 99,6%
• Résultats de l'audit externe: 3 observations mineures

PJT Partners Inc. (PJT) - Analyse du pilon: facteurs environnementaux

L'intérêt croissant des investisseurs pour les investissements durables et soucieux du climat

Les actifs d'investissement durable mondiaux ont atteint 35,3 billions de dollars en 2020, ce qui représente une augmentation de 15% par rapport à 2018. Les stratégies d'investissement axées sur l'ESG ont augmenté de 42,9% entre 2018 et 2020.

Année	Actifs d'investissement durables	Taux de croissance
2018	30,7 billions de dollars	-
2020	35,3 billions de dollars	15%

Les rapports d'émission de carbone font partie intégrante de la stratégie d'entreprise

87% des entreprises du S&P 500 ont publié des rapports de durabilité en 2022. Environ 64% des entreprises mondiales suivent et signalent désormais leurs émissions de carbone.

Métrique de rapport	Pourcentage d'entreprises
Rapports de durabilité S&P 500	87%
Suivi mondial des émissions de carbone	64%

Évaluation des risques environnementaux dans les processus de fusion et d'acquisition

La diligence raisonnable de l'environnement représente désormais 23% du temps total d'évaluation des transactions. 347 milliards de dollars d'offres de fusions et acquisitions ont été touchés par des considérations de risque environnemental en 2022.

Facteur de risque environnemental	Valeur / pourcentage
Temps d'évaluation des transactions de fusions et acquisitions	23%
Offres de fusions et acquisitions touchées par le risque environnemental	347 milliards de dollars

Pression croissante pour les investissements verts et les rapports de durabilité

L'émission des obligations vertes a atteint 522,7 milliards de dollars dans le monde en 2021. Les réglementations financières durables ont augmenté de 145% entre 2018 et 2022.

Métrique d'investissement vert	Valeur
Émission mondiale des obligations vertes (2021)	522,7 milliards de dollars
Croissance du réglementation financière durable (2018-2022)	145%

PJT Partners Inc. (PJT) - PESTLE Analysis: Social factors

Intense competition for top-tier talent requires continuous investment in culture, compensation, and professional development.

The competition for elite financial advisory talent is brutal, so PJT Partners must continuously invest in its people to maintain its differentiated franchise. This is a people-first business. The firm's commitment to senior talent acquisition is clear: it added 10 new partners in the first quarter of 2025, which represents an 8% increase on the total partner count from the end of 2024.

Still, managing compensation is a balancing act. For Q1 2025, the average compensation package at the firm was $194,000, a nearly 15% decline from the $226,000 recorded in Q1 2024. This drop was attributed to a lower accrual rate for bonuses, a common tool to manage costs in a challenging market. The firm's current estimate for the full-year 2025 compensation expense ratio is 67.5% of revenues, incorporating planned recruiting and business performance. That's the quick math on managing human capital costs while still trying to grow the team.

Focus on Human Capital Management (HCM) is a business priority, with a culture emphasizing collaboration and integrity.

Human Capital Management (HCM) is central to PJT Partners' strategy, which is built on a culture of excellence and integrity. The firm believes its differentiated culture is its biggest competitive moat, helping it attract and retain the best people. As of the end of Q1 2025, the firm had a total of 1,142 employees, and a total of 129 partners.

The focus on internal development is crucial for long-term sustainability. The firm actively recruits and develops talent through programs like the 2025 Summer Analyst and Full-Time Analyst programs. To be fair, the firm's success hinges on its ability to cultivate a collaborative environment where senior bankers onboard new partners effectively, ensuring cultural consistency as they grow.

The latest publicly available diversity data from the firm's 2024 Corporate Responsibility Report, which provides the context for 2025 operations, highlights the ongoing efforts in diversity, equity, and inclusion (DE&I):

Employee Group	Percentage of Women	Percentage of Racially Diverse Employees (US)
Executive Officers	50%	25%
US VP & Above	23%	24%
US Analysts and Associates	36%	50%
Total US Employees	36%	38%

The firm definitely sees DE&I as a key part of its human capital discussions, from recruiting to development investment decisions.

Growing stakeholder demand for Environmental, Social, and Governance (ESG) integration in financial planning and client advisory services.

Growing stakeholder demand for Environmental, Social, and Governance (ESG) factors is a major social trend impacting PJT Partners. Shareholders are increasingly engaging with the firm on corporate sustainability, human capital management, and governance practices. The firm's senior leadership periodically reports to the Board on key trends shaping the shareholder landscape, including ESG matters.

This push is not just internal; it's a client service mandate. The firm advises clients across a broad range of ESG-related issues, recognizing that the rapidly changing landscape related to climate change, social considerations, and workforce issues makes ESG a key factor in business decision-making.

The firm published its 2025 Corporate Sustainability Report, detailing its multi-disciplinary approach to ESG client matters.

The firm published its fifth annual Corporate Sustainability Report, which incorporates stakeholder feedback and showcases new developments. This report details PJT Partners' multi-disciplinary approach to ESG client matters, which is a key differentiator in the advisory space.

The firm has a cross-disciplinary ESG practice that leverages its collaborative, team-based approach to respond to the full breadth of client needs. What this approach hides, however, is that PJT Partners does not currently classify its revenues according to ESG factors, which limits the ability to quantify the financial impact of this advisory work. This multi-disciplinary approach focuses on:

• Leveraging deep capabilities across teams.
• Providing advice on ESG-related issues in M&A, restructuring, and capital raising.
• Responding to evolving governmental policies and social considerations.

PJT Partners Inc. (PJT) - PESTLE Analysis: Technological factors

Significant investment in technology infrastructure and data analytics to improve deal sourcing and due diligence efficiency.

You can see PJT Partners' commitment to technology not in a separate line item, but embedded within their non-compensation expenses, which are the backbone of their operational platform. This is where the firm funds its core technology infrastructure, market data services, and data analytics initiatives. For the nine months ended September 30, 2025, Adjusted Non-Compensation Expense totaled $153 million.

This investment is not a static cost; it's a growth driver. The firm's management projected that full-year 2025 non-compensation expense would grow at around 12%, with a significant portion allocated to technology and data infrastructure. This capital is directly aimed at improving deal sourcing and due diligence, making the advisory process faster and more precise. The goal is simple: use data to find the right opportunities and vet them quicker than the competition. For instance, the Adjusted Non-Compensation Expense for Q2 2025 was $52 million, representing an 18% increase year-over-year, a clear signal of accelerated investment. That's a serious commitment to the platform.

Metric	Value (2025 Fiscal Data)	Context
Adjusted Non-Compensation Expense (9M 2025)	$153 million	Total expense for the nine months ended September 30, 2025.
Adjusted Non-Compensation Expense (Q2 2025)	$52 million	Up 18% year-over-year, reflecting accelerated tech and data infrastructure investment.
Full-Year 2025 Non-Comp Expense Growth	~12% (Expected)	Management's projection for the growth rate of this expense category, which funds technology.

Evaluation of Artificial Intelligence (AI) to enhance core tools and streamline Financial Planning and Analysis (FP&A) processes for faster, deeper reporting.

While PJT Partners, like most elite advisory firms, remains high-touch and people-centric, the back-office and middle-office functions are ripe for an Artificial Intelligence (AI) overhaul. The evaluation of AI is a strategic necessity, not an option. AI can enhance core advisory tools by rapidly processing market data, regulatory filings, and news flow to flag potential deal targets or restructuring risks far earlier than manual research. This is where the real alpha is created.

In Financial Planning and Analysis (FP&A), AI models can streamline reporting by automating data aggregation and anomaly detection, allowing the finance team to shift from data collection to strategic analysis. This frees up partners to focus on client relationships, not spreadsheet consolidation. The industry trend is clear: AI-driven continuous authentication is becoming a staple of modern security, and this same machine learning power is being applied to internal data processing.

Cybersecurity is a critical risk and a value driver, requiring robust zero-trust architectures to protect sensitive client data.

For an advisory-focused investment bank, client data-merger terms, private capital strategy, restructuring plans-is the most valuable asset, and a breach is an existential risk. Cybersecurity is defintely a value driver. The industry has moved past traditional perimeter security (firewalls) to a Zero Trust Architecture (ZTA).

Zero Trust Architecture (ZTA) operates on the principle of 'never trust, always verify,' meaning no user, device, or application is implicitly trusted, even if they are inside the corporate network. Given that nearly 70% of enterprises are adopting ZTA, and the global Zero Trust market is projected to hit $22.58 billion in 2025, PJT Partners must adopt this model to protect its high-stakes client data. This framework ensures:

• Least Privilege Access: Granting only minimum necessary permissions.
• Continuous Verification: Checking user identity and device security in real time.
• Micro-Segmentation: Isolating networks into smaller, protected zones.

The cost of implementing this is part of that growing non-compensation expense, but the cost of not implementing it-a major data breach-is far higher.

Modernizing expense processes and data governance to leverage client data for differentiated insights.

The modernization of back-office processes, including expense management and data governance, is not just about cost-cutting; it's about creating a single, clean source of truth for client data. This governed data platform is what allows PJT Partners to deliver 'high-value, tailored solutions to its clients.' You can't offer differentiated advice if your client history is siloed or unreliable.

By standardizing data governance (the policies and controls for data management), the firm can leverage its vast trove of client interaction data, deal history, and market intelligence to generate proprietary insights (alpha). The strong performance in Strategic Advisory, with advisory fees surging from $307,082 thousand in Q2 2024 to $354,521 thousand in Q2 2025, is the direct payoff of these investments. Better data leads to better advice, which drives higher fees. It's a simple feedback loop.

PJT Partners Inc. (PJT) - PESTLE Analysis: Legal factors

The Regulatory Environment is Subject to Constant Modification, Creating Potential for Overlapping or Conflicting Legal Burdens Internationally

As a global advisory-focused investment bank with 15 offices and operations in over 60 countries, PJT Partners Inc. faces a complex web of overlapping and sometimes conflicting international legal and regulatory requirements. This is the cost of doing business globally, but it adds substantial compliance overhead. For instance, the firm must align its data handling practices with both the US-centric California Consumer Privacy Act (CCPA) and the European Union's General Data Protection Regulation (GDPR), which have different jurisdictional scopes and penalties.

The constant, non-stop flow of new rules means compliance is a moving target. You have to allocate significant resources just to monitor and interpret these divergent rules, especially in areas like cross-border M&A (Mergers and Acquisitions) and capital raising. Honestly, the biggest risk here isn't a single fine, but the cumulative drag on resources and the potential for a compliance misstep to derail a high-value client transaction.

Ongoing Risk of Litigation and Regulatory Inquiries Inherent in the Investment Banking Business, Though Q3 2025 Saw an Absence of Legal Reserves

Litigation and regulatory scrutiny are simply part of the investment banking landscape, particularly in high-stakes areas like Restructuring and Special Situations. The inherent nature of providing advice on complex, distressed, or contentious transactions means PJT Partners is perpetually exposed to claims from clients, counterparties, or regulators.

However, the firm's recent financial performance shows a positive trend in managing this risk. In the third quarter of 2025, PJT Partners reported that its Non-Compensation Expense decreased principally due to the absence of legal reserves. This is a clear indicator of a relatively benign legal environment for the quarter, suggesting no immediate, major litigation or regulatory settlement was anticipated. The total GAAP Non-Compensation Expense for Q3 2025 was $53 million, a bucket that includes all non-personnel costs like occupancy, technology, and legal/compliance, making the lack of a specific legal reserve a notable point of financial strength.

Compliance with Global Financial Regulations, Including the US Securities and Exchange Commission (SEC) and Various International Bodies, is Mandatory

PJT Partners LP, the firm's registered broker-dealer, is under the direct jurisdiction of the US Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority, Inc. (FINRA). Internationally, the firm is also authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The SEC's examination priorities for fiscal year 2026 (released in November 2025) provide a clear roadmap of where compliance resources must be focused, and you defintely need to be prepared for these areas.

Here is a quick map of the key US regulatory focus areas for the near term:

Regulatory Focus Area (SEC FY 2026 Priorities)	Impact on PJT Partners' Business	Key Compliance Action
Regulation Best Interest (Reg BI)	Scrutiny of recommendations for complex or illiquid products, especially in the context of the Strategic Advisory and Restructuring businesses.	Ensure all conflict identification and mitigation practices are documented and transparent.
Information Security & Regulation S-P	Mandatory compliance with the 2024 amendments to Regulation S-P (customer information safeguards) and focus on operational resiliency against cyberattacks.	Update and test policies for safeguarding customer records and information, including vendor oversight.
Alternative Investments (e.g., Private Credit)	Review of advice and disclosures related to private funds and private credit, a core area for the PJT Park Hill business.	Heightened attention to valuation of illiquid instruments and disclosures to private fund investors.
Use of Artificial Intelligence (AI)	Assessment of any automated investment tools or algorithms used in client-facing or internal decision-making processes.	Verify that all representations about AI use are fair and accurate, and that controls are in place to ensure advice aligns with regulatory obligations.

Increased Focus on Data Privacy Laws (like CCPA for California applicants) Impacts Talent Acquisition and Data Handling

The regulatory spotlight has sharply intensified on how firms handle employee and applicant data, not just client data. The California Consumer Privacy Act (CCPA), as amended by the California Privacy Rights Act (CPRA), now explicitly covers the personal information of job applicants and employees. This is a big deal for a firm actively focused on talent acquisition, as PJT Partners' total headcount reached 1,226 employees as of Q3 2025.

Specifically, the CPPA finalized regulations in July 2025 that address the use of Automated Decision-Making Technology (ADMT) in significant decisions, which includes employment eligibility screening. If PJT Partners uses any AI-driven tools to screen California-based job applicants, they must now provide a pre-use notice, allow access to explanations of the ADMT's logic, and generally offer an opt-out right-though exceptions exist if a human reviewer is involved and an appeal is provided. This means HR and Legal must work closely to ensure the firm's recruitment technology stack is compliant with these new, complex disclosure and opt-out rights. It's a major operational lift.

PJT Partners Inc. (PJT) - PESTLE Analysis: Environmental factors

PJT Partners Inc. is a capital-light, advisory-focused firm, so its direct environmental footprint is defintely small.

As a premier, global, advisory-focused investment bank, PJT Partners Inc. operates a capital-light business model, meaning its primary assets are intellectual capital and people, not heavy industrial infrastructure. This inherently keeps its direct environmental footprint minimal compared to capital-intensive sectors like manufacturing or energy.

The firm's operational footprint is chiefly tied to its global office space and business travel. For the nine months ended September 30, 2025, the company reported an increase in both Occupancy and Related expenses and Travel and Related expenses, reflecting a return to in-person business development and expansion of its global office footprint. Still, the most significant component of its environmental impact remains air travel, which is a common characteristic for advisory firms.

The firm discloses its Greenhouse Gas (GHG) emissions data in its Corporate Sustainability Report.

PJT Partners Inc. provides transparent disclosure of its Greenhouse Gas (GHG) emissions, calculated in accordance with the WRI/WBCSD GHG Protocol. This data, which is externally verified, confirms the small scale of their direct operational impact, with the majority of emissions stemming from indirect sources.

For the 2023 fiscal year, the latest fully reported data in their 2024 Corporate Responsibility Report, the company's total GHG emissions were 4,013 metric tons of carbon dioxide equivalent (MT CO2e). The breakdown clearly illustrates where the firm's environmental impact lies, which is mostly outside of its direct control.

GHG Emissions Scope (2023 Data)	Amount (Metric Tons CO2e)	Description
Scope 1	275	Direct emissions (e.g., fuel combustion in leased assets).
Scope 2	1,654	Indirect emissions from purchased electricity and district heating for offices.
Scope 3 (Business Air Travel)	2,085	Other indirect emissions, primarily from global business air travel.
Total Emissions	4,013	Sum of Scope 1, 2, and 3 (Business Air Travel).

It's clear that business air travel (Scope 3) accounts for over half of the reported total, which is typical for a global, high-touch advisory business. This is where the company faces its biggest challenge in reducing its environmental footprint.

A key opportunity is advising clients on their own ESG-related objectives, including the transition away from carbon.

The real environmental opportunity for PJT Partners Inc. is not in reducing its own 4,013 MT CO2e, but in helping clients manage their far larger footprints. This is a core growth driver for their Strategic Advisory business, which saw significant revenue growth in 2025.

The firm has established a cross-disciplinary ESG Transition Advisory Team to address this market need, which is only growing as regulatory and investor pressure mounts. They're effectively monetizing the global energy transition (or carbon transition) trend.

Concrete examples of their advisory work in this space include:

• Helping Repsol sell a stake in its upstream assets, strategically enabling the company to invest the proceeds into decarbonization efforts.
• Serving as an independent financial advisor to Flex on the Initial Public Offering (IPO) of Nextracker, a solar technology company.
• Assisting alternative asset managers within the PJT Park Hill business to successfully raise capital for funds specifically focused on investing in sustainable futures.

This advisory role positions PJT Partners Inc. to capture significant fee revenue from the multi-trillion-dollar global shift toward a low-carbon economy.

ESG is a core lens for evaluating strategic decisions, embedded in the firm's long-term value creation strategy.

ESG factors are not a side project; they are integrated into the firm's governance structure, which is a strong signal to investors and clients. The Board of Directors has charged the Nominating/Corporate Governance Committee with the formal oversight of the company's ESG strategy.

This means ESG is considered during the evaluation of directors, in the review of major risks, and in the context of long-term strategic growth. This top-down commitment ensures that the firm's own sustainability efforts are aligned with its commercial strategy of advising clients on their ESG and transition-related challenges.

The firm's focus is on creating 'sustainable long-term value' for shareholders, and integrating ESG into the strategic lens is how they defintely plan to do it. The market for ESG-related advisory services is a clear path to generating sustained revenue growth, which is the ultimate strategic goal.