Environmental stewardship

Collaborating for better solutions
We create value for our business and our communities by respecting the environment, and understanding and reducing our impact on the world around us. We also create value for clients through PwC’s sustainability and climate change practices.


 

Our overarching ambition is to minimise the environmental impact of the PwC network and demonstrate our commitment externally through appropriate reporting.

As a provider of professional services PwC has a relatively low environmental footprint but believes good environmental stewardship is part of an organisation’s licence to operate.

Many PwC firms are working to develop more environmentally-efficient business practices for their own operations. Most PwC firms are managing their environmental impact by understanding and then mitigating their greatest impacts such as carbon measurement and reporting, and many are putting in place behavioural change programmes.

However, our greatest potential for influence is to impact the environment positively through our work with clients.

To learn more about our commitment to environmental stewardship please see our CR commitments page.

We’re creating new client services. With a global network of 700 people in our Sustainability and Climate Change practice, we are a leading advisor on sustainability, climate change and green growth. Consultancy teams from across the PwC network also get involved in global events such as the UN Climate Summits, World Economic Forum and the World Business Council for Sustainable Development.

We’re creating a new language for business decisions: In 2011 PwC UK and PwC Germany helped PUMA to become the world’s first company to produce an environmental profit and loss account. In doing so we helped to establish a reporting milestone that encouraged other businesses to connect financial and environmental performance. In FY13 we went a step further and released 'Measuring and managing total impact: A new language for business decisions’ which explores why business needs total impact measurement, how to do it and the benefits of embedding it into decision making. This helped to showcase ‘Total Impact Measurement & Management’ (TIMM), the framework we’ve developed with our clients to provide the total perspective on business impacts, including GHGs and other air emissions, water pollution, waste, and land and water use.

We’ve reported our GHG emissions: Last year we collected and reported data on GHG emissions for 20 of the 21 largest firms in the PwC network using a consistent approach (representing 74% of our people). This is the first time that GHG emissions have been reported by the Network. However, several PwC firms such as PwC Australia, PwC China / Hong Kong, PwC Netherlands, PwC US, PwC UK to name a few have reported their GHG emissions publicly. Continually improving the accuracy and completeness of this data is one of our strategic priorities.

We’re supporting the creation of new water management methods. PwC is a signatory to the UNGC CEO Water Mandate, a public–private initiative that aims to assist companies in the development, implementation, and disclosure of sustainability policies and practices around water. PwC decided to support these aims in the way that will have maximum impact: by contributing our knowledge and water subject matter expertise to support the more than 80 corporate signatories to the Water Mandate in a project designed to unify the field of voluntary corporate water disclosure.

We’re creating new sustainable office environments. For example, in addition to its BREEAM outstanding rated 7 More London, office building, PwC UK has recently completed the refurbishment of its Embankment Place office which has scored the highest ever BREEAM rating in the UK. Other PwC firms' offices that meet environmental ‘gold standard’ or higher are Atlanta, Amsterdam, Frankfurt, Guangzhou, Hong Kong, Prague, Shenzen and Toronto.

We're engaging our staff - In 2013, 15 Green Teams competed in PwC US' annual Green Challenge, an inter-office competition that helped people throughout the PwC US firm get involved in environmental efforts. Green teams completed 700 activities that ultimately built a network of over 1600 members, impacted over 700 students through community outreach events, and had a significant hand in educating partners and staff about virtual collaboration tools and office recycling programs. As a result, Green Teams are more connected and, through our national programs, more focused on driving long-term change at the local level.

See also...

 
 
 
 

“The old way of doing ‘good business’ was based on the principle, ‘the ends justifies the means.’ In the future, good business will invoke ‘the means justifying the ends’. The EP&L can already serve as an important tool to help this shift in commerce, from generating profits with collateral damages to profits with collateral benefits.”

Jochen Zeitz,
Director of Kering and former Chairman and CEO of PUMA