CR commitments FY 2014–FY 2016

These commitments reflect our strategy implementation timeline (FY 2014–FY 2016) for our 21 largest firms and relate to the implementation of our network CR strategy and enhancements to our CR reporting at the network level. Many of these commitments have already been achieved by our larger firms; however, we know that only by aligning behind a unified vision and approach across the Network and collaborating to measure and manage what we do, will we maximise the impacts of our efforts.

To have a positive impact on the world around us, we will:

1. Harness the power of our network to scale responsible business behaviours

By the end of FY2014, our 21 largest firms will align to the global CR strategy and use their skills, voice and relationships to be a catalyst for change through their CR activities. They will assess themselves against our CR leadership ladders and develop clear progression plans. Our largest firstms will also set targets for improved performance in the questions relating to CR in PwC's Global People Survey.

2. Build an even more inclusive culture that values difference

By the end of FY2014, the leadership teams of our largest 21 firms will have conducted 'blind-spot' awareness training in their business and a thorough demographic analysis to identify key local populations and understand barriers and enablers to diverse leadership. They will also undertake efforts to raise their people's awareness of the importance of diversity and engage them in efforts to increase cultural dexterity.

By the end of FY2016, our largest 21 firms will put programmes in place to drive increased leadership diversity and the development of diverse staff.

3. Increase the positive social impact of our community activities

By the end of FY2014, our largest 21 firms will provide opportunities for their people to take part in volunteering activities that involve the contribution of their professional skills.

By the end of FY2015, our largest 21 firms will pilot output and outcome-based performance measurement for their community activities.

4. Manage our impact on the environment

In line with our new global environmental statement, by the end of FY2014, our largest 21 firms will each implement a local environmental policy and environmental management approach to minimise negative impacts.

5. Enhance the transparency and relevance of our CR reporting

By the end of FY 2014, our reporting at the Network level will be enhanced to include stakeholder engagement efforts undertaken by our largest 21 firms. These firms will also put in place enhanced internal reporting structures to improve the efficiency and accuracy of reporting on their CR performance.

By the end of FY 2015, we will introduce performance-based targets for the Network as a whole and during FY 2017, we will gain assurance on FY 2016 priority network key performance indicators (KPIs).

 

Read about how we have progressed against these commitments.