Responsible business

Being a responsible business starts with managing our business with ethics and integrity – being guided by our purpose and values.  It also means recognising that our responsibilities, and opportunity to influence for positive change, extend into our value chain – through the services we provide and the suppliers we choose.

Ethics and business conduct

Our purpose - to build trust in society and solve important problems, combined with our values, provide the highest level guide for our behaviours and actions. Equally important is our infrastructure for sound governance, independence, ethics and compliance.

Read more about our approach to business ethics and conduct.

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A majority of CEOs agree that business success will be defined by more than financial profit in the 21st century

 

Source: PwC's 19th Annual Global CEO Survey

Engaging in conversations to shape the future of our industry

The changing needs within society drives our business to work hard to understand the broader landscape we operate within, including stakeholder expectations. This means taking an active role in global conversations to ensure our business is meeting our purpose and ultimately making a positive contribution. Based on this understanding we make commitments to how we manage our business and actively participate in forums to shape the future of our industry. For example:

  • In the current complex environment of international tax where there is increasing public concern we are active participants in global, EU and national debates.  Read our thoughts on the OECD’s BEPS project or view our Global Code of Tax Conduct.

  • Our 19th Annual Global CEO Survey identified that 76% of CEOs recognise that business success is now about more than just financial profit.  But what are the right measures to understand broader value? We’re working with organisations like the International Integrated Reporting Council (IIRC) to support a move to integrated reporting.

Working with clients

We’re on a journey to think about how we can create positive impact through every decision, every day – and create value for our clients in helping them to navigate risks and opportunities that arise from solving sustainability challenges.  That means building awareness of our people on key issues and investing in the development of innovative solutions such as Total Impact Measurement and Management (TIMM) and the Sustainable Development Goals navigator delivered to clients through our Sustainability and Climate Change practice.  

Guy turning knobs in factory
Guy standing on factory floor

Working with suppliers for positive change

The sustainability performance of our suppliers can impact our ability to build and sustain trust, while our purchasing decisions provide an opportunity to influence social and environmental outcomes in our value chain and support a diverse array of suppliers.

Across the globe, our firms take action to engage with suppliers to understand their approach to corporate responsibility, seek to work with those whose goals and values align with ours, and look for opportunities to work together to improve outcomes.  For example, our UK firm recently held training for our suppliers in measuring and managing their carbon footprint. 

Read more about the activities of some of our firms.

80% of our people are satisfied with the actions PwC is taking to be socially responsible.

72% of our people are satisfied with the action PwC is taking to be environmentally responsible. 

Contact us

Kirsty Jennings
Global Corporate Responsibility Leader
Tel: +61 3 8603 0174
Email

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