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Environmental stewardship

FY20 432,372 tCO2e

FY20 2.05 tCO2e

FY20 71%

*Unless stated otherwise, all societal impact data reflects the performance of our 21 targets firms

Reducing the climate impact of our own operational footprint

The urgency of the climate crisis requires swift and ambitious action to reduce emissions now. In September 2020 we made a worldwide science-based commitment to achieve net zero greenhouse gas (GHG) emissions by 2030. Our net zero commitment is underpinned by a science-based target in line with a 1.5 degree scenario to prevent the worst impacts of climate change, as set out in the Paris Agreement. The commitment includes supporting our clients and suppliers to reduce their emissions as well as reducing those from our own operations. 

In July 2021, our targets were independently validated by the Science Based Targets initiative (SBTi). SBTi’s validation affirms PwC’s approach and timeline to achieve its net zero 2030 commitment. Importantly, PwC’s targets go beyond scope 1 and 2 emissions to include our largest indirect scope 3 emissions. Additionally, PwC has committed to the United Nation’s Race To Zero campaign and Business Ambition for 1.5°C, which aims to build momentum around the shift to a decarbonised economy.

This bold commitment means we are decarbonising the way we operate including a 50% reduction in scope 1 and 2 emissions and a 50% reduction in business travel emissions from a 2019 base. In addition, we will accelerate our transition to 100% renewable electricity. In 2021, we purchased 83% of our electricity from renewable sources, which supports our goal of becoming 100% renewable by 2022 across our 21 largest territories. In 2018, PwC became a member of the RE100, a global corporate renewable energy initiative bringing together large businesses committed to 100% renewable electricity.

We recognise the importance of actively reducing the climate impact of our own operational footprint now. That is why, as we work towards net zero in 2030, to mitigate our impacts today we will continue to offset our emissions through high-quality carbon credits

This commitment builds on our 2018 global environment commitment to drive efficiencies, go 100% renewable, and offset 100% air travel emissions from FY19 and residual energy use by FY22 across our 21 largest territories.

“A net zero world is within reach. Getting there will take innovation, hard work, collaboration and bold thinking but the benefits will be immense. The business community has a responsibility to act and we are determined to play our part, not just in our own operations and supply chain, but also in the way we advise and support our clients to create a sustainable world for future generations.”

Bob Moritz PwC Global Chairman

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3:30

Our Net Zero Commitment

At PwC we’re determined to play our part. That’s why we’re raising our climate ambition, by making a worldwide science-based commitment to reach net zero greenhouse gas emissions by 2030, building on our existing global environment commitment.

Our commitment to Net Zero by 2030

50% absolute reduction of our scope 1 and 2 emissions as well as a 50% reduction in scope 3 business travel (incl. land-based travel, air travel and accommodation)  greenhouse gas emissions by 2030 (compared to a 2019 base)

Drive energy efficiency improvements in all of our offices

Embed implications of climate change and other environmental, social and governance (ESG) factors into client work

Data Economy

Reshape our client service model to balance remote and on-site working

100% renewable electricity in all PwC firms worldwide in line with our RE100 membership

Advance thinking and debate about how PwC can help to reform the structures of the economy

Cycle 3

From 2030 eliminate the remainder of our emissions through carbon removal projects

 

Commit that at least 50% of our purchased goods and services suppliers (by emissions) will have set science-based targets by 2025

Picto Automation

Advance non-financial reporting so stakeholders understand the impacts of business on climate

For more information about our net zero commitment click here

Our carbon offset projects

We support high-quality carbon reduction projects that not only reduce carbon emissions but also support local communities, preserve sustainable landscapes and help create renewable markets.

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Contact us

Tracey Capper

Global Corporate Responsibility Senior Manager, PwC Australia

Tel: +61 8603 3346

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