Chairman's message

Making a difference through responsible leadership

Welcome to the PricewaterhouseCoopers Foundation Annual Report for 2006.

The past year has been a tremendous one for our Foundation, thanks to the hard work and dedication of our people, who are the driving force in its continued growth and expansion. Since 2003, we have increased our funding to charity partners by 236 per cent; we’ve seen a 43 per cent increase in PwC people making charitable donations and we’ve doubled our hours working in the community. In the following pages, you’ll read about how our people are making a real difference in our communities, and how they are benefiting personally from their involvement in some of the most important issues facing us as a society: including the health and welfare of our children and young people, the search for a cure for diseases and the conservation of our environment.

PRICEWATERHOUSECOOPERS HAS A LONG-TERM INTEREST IN THE SUSTAINABILITY OF THE COMMUNITIES IN WHICH WE OPERATE. THROUGH THE PWC FOUNDATION AND OUR RELATIONSHIPS WITH OUR 21 CHARITY PARTNERS, WE CONTRIBUTE TO VALUABLE SOCIAL CAUSES WHILE HELPING DEVELOP OUR PEOPLE. IN THE FOLLOWING PAGES WE DISCUSS WHAT WE DO, AND HOW WE DO IT.

As business leaders today, we operate in a global arena and must deliver on our commitments to a diverse group of communities in which we live and work. At PwC, we embrace the challenge of promoting corporate social responsibility, seeing it as a natural extension of our values of teamwork, excellence and leadership. Through the Foundation, we are living these values to ensure the ongoing sustainability of our communities. Whether it’s supporting a young person towards a career, assisting to grant wishes to seriously ill children, or helping people reclaim their lives from depression, we are working alongside our charity partners.

Our people tell us we’re doing well - 95 per cent of them think that PwC is socially responsible. We know it is an attribute that resonates strongly with our young people in particular. And given that PwC’s average staff age is 27, we see our commitment to social responsibility as a great way to develop and retain our people, encouraging them to realise their ambition to make a positive impact on their communities.

In all of these ways our Foundation enriches us as individuals and strengthens us as a firm. It helps us to foster more meaningful connections with our communities and clients. And it breathes life into our commitment to ensuring that responsible leadership is central to the way we do business.

As we work towards meeting our responsible leadership challenge, I am proud of the fact that Australian Foundation partner Rick Millen is taking a leadership role in coordinating PwC’s efforts globally - providing a worldwide, collaborative focus for our people’s passion, energy and expertise to make a difference around the world.

I hope you enjoy reading about the activities and achievements over the past 12 months of many of our people along with our Foundation charity partners.


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