The PwC network1 consists of firms that are separate legal entities. That’s because in many parts of the world, laws and regulations require accounting firms to be locally owned and independent. Although regulatory attitudes on this issue are changing, the PwC network is not a corporate multinational and member firms don’t and can’t operate as if it were.
The firms that make up the Network are committed to working together to provide quality services to clients throughout the world. By working together, member firms comprise a vigorous global network with the flexibility to operate simultaneously as the most local and the most global of businesses.
Corporate Responsibility (CR) at PwC is similarly governed at global and local levels and it runs right to the top of local and global network leadership. Responsibility for local CR ultimately rests with each Territory Senior Partner and, at a global level CR is governed by the Global Corporate Responsibility Board (GCRB) which is chaired by our Network Vice Chairman.
In line with the Global CR strategy, we have identified minimum suggested guidance for effective environmental management which member firms in the PwC network are encouraged to adopt to minimise the direct and indirect environmental impacts of their operations. Many member firms perform well beyond the suggested minimum requirements and demonstrate leading environmental stewardship in their local markets.
PwC member firms are expected to comply with all regulations and any other environmental requirements to which they are subject and are encouraged to make the following commitments:
PwC member firms are encouraged to:
The environmental performance of a member firm and adherence with this statement is the responsibility of each Territory Senior Partner.1 PwC is the brand under which the member firms of PricewaterhouseCoopers International Limited (PwCIL) operate and provide professional services. Together, these firms form the PwC network. ‘PwC’ is often used to refer either to individual firms within the PwC network or to several or all of them collectively. 2 In FY12, 79% of PwC member firms reported; from FY13 PwC will report globally for the Network as a whole, using a consistent GHG methodology.
“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,