What does ESG and sustainability mean to PwC?
With offices in 152 countries and almost 328,000 employees worldwide, professional service company PricewaterhouseCoopers (PwC) helps organisations and individuals create value by delivering quality assurance, tax and advisory services.
As the world’s second-largest professional services network, PwC has made a number of commitments to show that sustainability is more than just a box-ticking exercise. The business views ESG as a means of driving value and fueling growth, whilst strengthening environments and societies across the globe.
How PwC is decarbonising the business
To achieve a successful transition to net zero, PwC is working to decarbonise the business by setting clear targets, creating practical plans and collaborating with organisations.
One key aspect of the business plan is to achieve net zero emissions by 2030 – part of PwC’s strategy, The New Equation. By using Science Based Targets initiative (SBTi), PwC has outlined a number of goals to coincide with the Paris Climate Agreement. These include:
- Reducing Scope 1 and 2 emissions by 50%
- Reducing absolute business travel emissions by 50%
- Transitioning to renewable electricity across all territories
- Ensuring 50% of purchased goods and services suppliers across the businesses network have set science-based targets
- Counterbalancing the business's emissions through high-quality carbon credits, transitioning its carbon offset portfolio to 100% carbon removals
“A net zero world is within reach. Getting there will take innovation, hard work, collaboration and bold thinking but the benefits will be immense,” Bob Moritz, Global Chairman of PwC.
“The business community has a responsibility to act and we are determined to play our part, not just in our own operations and supply chain, but also in the way we advise and support our clients to create a sustainable world for future generations.”
PwC’s ESG Academy
As a business, it’s important for PwC to upskill its employees, to ensure they have a solid understanding of ESG issues. The business therefore requires all employees to have a baseline knowledge of how sustainability impacts the business, its clients and the world at large.
To achieve this, PwC launched the ESG Academy, enabling the business to see which employees complete learning materials at the network level. From here, leaders are able to understand who needs extra support, while also opening opportunities to show skill gaps.
Since launching the academy, more than 93,000 people have completed at least one learning module, which equals almost 30% of the business’s global staff population.
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For more insights into Sustainability - check out the latest edition of Sustainability Magazine and be sure to follow us on LinkedIn & Twitter
Other magazines that may be of interest - EV Magazine | Energy Digital
Please also check out our upcoming event - Sustainability LIVE in London at the BDC on Sept 6/7th 2023
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