Our commitment to the UNGC: A letter from our Chairman

Our commitment to the UNGC: A letter from our Chairman

At PwC our purpose is to build trust in society and solve important problems.  Through our CR strategy we are committed to using our skills, voice and relationships to influence and work with others to make a difference, generate change and create a lasting impact on the world around us.

One of the ways we achieve this is by participating in the United Nations Global Compact (UNGC), which we are proud to have done since 2002.

Our Network CR strategy clearly demonstrates the PwC network’s commitment to the UNGC.  For the PwC Network, CR is about creating value for clients, people and communities and increasing the impact of activities. We express the PwC network’s strategic intent as:

  • Doing the right thing by behaving responsibly on issues that are central to our business and to society, and
  • Being a catalyst for change in the world around us by helping to solve some of the world’s most important issues.

The greatest asset of the PwC network is our people and we believe that encouraging and engaging them in local CR efforts and in their communities, alongside the work they do with their clients, is essential to both the success of their own development, PwC’s impact and the wider societal CR issues.  Every day, I see examples of PwC people applying their skills in ways that deliver measurable outcomes and create both business and social value.  These include specific CR activities, the benefits we bring to society through the services we provide to clients every day and our approach to supporting responsible business.

For example, in addition to the specific work with the UN mentioned above, the range and variety of projects is astonishing:

  • Using our skills to support social entrepreneurs with mentoring, training and financing;
  • Breaking new ground with clients as they address environmental responsibilities; and
  • Supporting the economic development of young people by improving their financial literacy skills.

On a broader scale, we respect and support fundamental human rights and we work to guard against complicity in human rights abuses. We are committed to reducing our environmental impact by actively integrating principles of good environmental management into PwC workplaces around the world.  PwC firms focus on results; understanding that we can only manage and improve what is measurable.  In FY2014 we continued to report our Network GHG emissions as well as a range of community engagement indicators.  In FY2013 we published a number of ambitious corporate responsibility commitments and this year we have reported on the first year of progress towards meeting these goals.

We continue to be involved with the UNGC CEO Water Mandate, a public-private initiative that launched the Corporate Water Disclosure Guidelines in 2014.  PwC has also worked closely with  the UN to co-create the R!SE Initiative, a ground-breaking global effort, launched in May 2014, which brings all stakeholders together in a single alliance to take leadership on disaster risk resilience.

I am proud of the progress firms in the PwC network have made by implementing policy and system changes – delivered through behaviour change by their people.  PwC firms will continue to engage with stakeholders and communities to have a positive impact in the places where PwC people live and work.  I look forward to continuing PwC’s work with the UNGC, and furthering PwC’s commitment to doing the right thing and being a catalyst for change.

Dennis M. Nally

Chairman, PricewaterhouseCoopers International Limited