PwC Latvia takes an active part in socially responsible events and supports financial aid projects relating to the engagement, health and welfare of all our stakeholders. Our 20 years’ experience in Latvia and our corporate responsibility actions demonstrate the importance of long-term collaboration and our own active participation in such projects. Our network of firms has the unique opportunity of being a worldwide leader and developing our skills and expertise to improve the situation in the industry, the community and the country, and to make the ethical and responsible way of doing business popular with the business community.
We believe that a joint effort will achieve a greater change.
Every activity our company undertakes and every member of staff has an impact on the community we live and work in. PwC has a duty to ensure the development of a strong, growth-oriented and diverse society. This is why we –
Educating and developing the new generation is one of PwC’s top priorities in the area of community support.
Our long-standing collaboration and support includes taking care of the health and welfare of children and young people, helping students in their choice of career, and sharing knowledge, as well as educating and advising new entrepreneurs. We also respect the knowledge and experience of the elderly and make our premises available as a forum for debate between old-age pensioners and young people. By supporting all generations we are responsible for the community and feel happy with a contribution that creates a better and more intelligent society.
As part of PwC’s 20th anniversary in Latvia we held an event for our clients and vendors aimed at giving joy to not only ourselves but also others, and so we appealed to our guests to turn birthday presents into a good deed and help children and young people in difficulties who have found a temporary home at “Dzivesprieks” centre in Vane’s parish. The young people living there study, master a profession, and work to acquire the necessary knowledge and skills for everyday life. To transition into adult life successfully, they need support so they can overcome their past sufferings, resume and finish school, find out how to build safe and respectful relationships with people, and most importantly, find belief in themselves and in a better life. We are truly grateful to our clients, vendors, former colleagues and all those guests who responded to this appeal. The funds raised went towards fitting their classroom with state-of-the-art presentation equipment and promoting their further education. Read more here.
PwC has made financial contributions towards annual summer camps and Christmas events organised by the Latvian Orphan Children’s Fund. Such events give the children unforgettable positive impressions, offer opportunities to gain new experience, and help them integrate in the community. Read more here.
Our long-term financial support for the Children’s Cardiology and Heart Surgery Clinic gives its surgeons opportunities to learn new methods of treatment by going on exchange to foreign clinics. This makes complex medical manipulations increasingly available to children in Latvia without having to travel to foreign clinics. Read more here.
Each Christmas, representatives of various companies as volunteers visit large and low-income families in Latgale to regale them with a variety of activities, performances and presents financed by corporate (including PwC) donations, plus gifts made by company employees individually.
With many members of our staff willing to give blood, the National Centre of Blood Donors regularly sends a medical bus over to our office. This initiative is supported by many members of our staff, their relatives and friends, as well as people from our next-door offices. Read more here.
By tradition PwC visits Riga City Animal Shelter “Ulubele” at Lici several times a year to walk their dogs and help them with other daily chores. We bring old newspapers, food and other daily necessities. Read more here.
Our collaboration with the organisation “Daili padomi” began in 2010, when everyone interested in taking part in a debate with old-age pensioners was invited to our office as part of the White Night Art Forum. The first topic of debate was matters of life. Recent studies have shown that the elderly think longer because their brain performs more functions so their advice is more balanced and not based on emotion. We chose Valentine’s Day as the date for our next debate with a suitable topic: affairs of the heart. PwC willingly gives support by volunteering its premises as a forum for such debates, and we ourselves are keen to take part in these debates. This way we encourage collaboration between different generations with diverse views and a variety of experience, which are all key to building our future society and market relations. Read more here.
More information on how we work to promote public welfare is available here (in English).
PwC is proud that our services enhance the trust of investors and other stakeholders relying on the financial information made available to them, and make crucial decisions easier to take. We represent an ethical and transparent business practice on the Latvian market and help other companies boost their competitiveness. We facilitate a dialogue between the private and the public sector, and create development opportunities and ways of sharing experience.
Our company aims to encourage an active dialogue between the government and the business community aimed at building an efficient tax system. It’s important that this should not only be mutually advantageous but also make Latvia more attractive in the eyes of foreign investors and contribute to sustainable growth of the country.
• Some of our long-serving professionals are among the founding members of the Latvian Association of Tax Consultants.
• Each year our network of firms conducts the “Paying Taxes” survey of tax systems around the world, including Latvia.
Commissioned by the State Chancellery we have carried out a study of ways to minimise the administrative burden on the private sector in terms of business documentation and document storage, which was mainly aimed at evaluating the impact of statutory requirements on the business community. This resulted in big proposals mostly contemplating strategic changes to business documentation and methods of collaboration used by government agencies, including with the business community.
• This year we have held a number of client education events such as the Tax Afternoon, during which we updated our clients on business changes resulting from recent legislative amendments. Our senior management have attended a number of conferences and the forum on Latvia’s competitiveness “Why Latvia? Latvia is an international business centre.”
• We have published a comprehensive survey of economic developments around the world and in the region that includes Latvia, as well as a survey of real estate developments in Europe
Zlata Elksnina-Zascirinska, chair of the board of PwC Latvia, and Vita Sakne, a senior manager in our tax and legal practice, are among the founding members of the Latvian Association of Tax Consultants. Lolita Capkevica, director of our audit practice, chaired the board of the Latvian Association of Certified Auditors for several years. We are active members of the Latvian Chamber of Commerce and Industry, the American Chamber of Commerce in Latvia, and the British Chamber of Commerce in Latvia, and we sit on the board of the Foreign Investors Council in Latvia. Sandijs Mikelsons, an assistant manager for internal audits in our assurance practice, sits on the board of the Institute of Internal Auditors.
This year PwC’s Academy in Latvia won the prestigious gold level as the ACCA’s approved learning partner and is currently their only certified tuition partner in Latvia.
PwC also offers its professional advice as a donation. One of such donations involved advising the Children’s Hospital fund on ways of reclaiming VAT overpaid on the Parents’ Home project. Thanks to this collaboration the Children’s Hospital fund reclaimed the overpaid VAT successfully.
More information on how we work with clients is available here (in English).
Every day we work with people coming from a variety of cultures, cities and countries. Each of us has a unique combination of knowledge and experience that we bring with us and contribute to our day-to-day business. Diversity at PwC is a key aspect that helps us provide innovative solutions relevant to our clients, the community, and the country. Gender diversity has been one of PwC’s global priorities since 2006. We work with our people to enhance a diversity of opinion that reaches beyond visible differences such as age, gender and race.
As part of the 2013 Sustainability Index, in recognition of employers whose business policies and services are friendly to children and families, the Ministry of Welfare awarded “Family Friendly Trader” certificates to 12 companies including PwC. Read more here.
Social responsibility is the initiative of both our company and each member of staff that provides ways of helping not only the people and animals around us but also the environment and the world. This is why PwC encourages each member of staff to be socially responsible and pays for two business hours a month so that each of us individually and all collectively can contribute to the creation of a better world.
In collaboration with prakse.lv, PwC takes part in the Virtual Internship project, a virtual game that helps young people gain an insight into various professions. We have jointly created and financed a game featuring two professions: a tax consultant and an auditor. Read more here.
Each year we take part in the Shadow Day project, which gives young people an insight into the daily routine of various PwC professionals. Read more here.
Each year over 30 members of our staff take part in Nordea Riga Marathon to enjoy team spirit, promote a healthy lifestyle, and support this great activity. Read more here.
Respecting the desire of our staff to provide support to other people by taking part in the annual Nike Riga Run, our team attended this activity, where the participation fee is a donation to the Little Hearts project organised by ziedot.lv. Read more here.
Our company offers our people seasonal vitamins such as cranberries, honey, lemons, ginger, birch sap and apples all year round.
Our company treats the health of its staff responsibly, offering health insurance services and inviting a fitness trainer to our office.
Thinking of ways to protect the environment, we surveyed our staff about using bicycles in our daily routine and their desire to use a bicycle for business purposes. This initiative won considerable support, and so our company has purchased bicycles that our staff use when going to see a client, delivering documents, or in other situations where it’s possible to use this means of transport.
Our company operates an internal online training scheme that gives all our staff unrestricted access to over 1,000 different e-learning courses, from English language modules to technical specialist e-learning courses.
More information about PwC activities aimed at providing a suitable working environment to our staff is available here (in English).
We aim to be aware of and control our impact on the environment.
We are aware that we live in one of the greenest countries in the world, and we understand that we should handle it with care to minimise any adverse effect. We are among the PwC companies globally, including CEE, that measured their carbon footprint this year, and we are committed to achieving a 5% reduction within the next three years. Every day we save energy and consume water and paper responsibly. Last autumn we decided for the first time to go planting trees to minimise the adverse effect of paper consumption on forest coverage. Each year we take part in Earth Hour by switching off the PwC logo lighting on the front of our office building at 21 Kr. Valdemara iela.
Since our day-to-day business involves consuming large amounts of paper we decided that this situation could be rectified by planting trees. In collaboration with the National Forests of Latvia we have planted new fir trees covering an area of 1 hectare in the neighbourhood of Roja. Given the high staff response rate to this activity we plan to repeat it on a regular basis.
Caring about the environment, each year PwC people go and clean up some area. We led a group of small pupils of Riga Valda Zalisa Primary School in cleaning up the banks of the River Marupite. Our families and children cleaned up the Children’s Clinical University Hospital, where we also planted a rose bush and a tree.
PwC supports Earth Hour, a global event organised by the World Wildlife Fund that involves lights being turned off for one hour to raise public awareness of the need to take action on climate change. Our relatives and friends are also invited to take part in the event and think of some original performances by candlelight. The event aims to express support for using environmentally friendly energy in everyday life. PwC supports this event worldwide.