Environmental stewardship

Climate change and resource scarcity are major forces shaping our future

Without real and lasting global action, average temperatures are predicted to increase by more than two degrees Celsius, a threshold at which scientists believe potentially irreversible environmental changes will occur. While progress has been made, the reality is that current rates of decarbonisation are less than half what is needed to achieve two degrees.

Healthy ecosystems are critical to healthy economies. Yet the world’s current economic model is pushing beyond the limits of the planet’s ability to cope. To better understand our environment commitment across the globe, our work with clients and how we are managing our own impact click below.

Download PwC’s Environment Commitment

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PwC's Environment Commitment | Duration 01:08

Our commitment

While driving efficiency to reduce our absolute carbon impact, we commit to offsetting air travel emissions from FY19 and to sourcing 100% renewables for our electricity consumption and offsetting residual energy use by FY22.

Our commitment was signed off by our 21 Strategy Council territories (representing over 88% of FY18 network revenue) in early 2018.  

Avoiding or reducing emissions associated with our energy use is the starting point for our environmental strategy.

The majority of our scope 1 and 2 emissions come from the energy we use in our buildings (and data centres). Many of our territories have already achieved significant reductions, such as PwC UK who have reduced these emissions by 84% between 2007 and 2018.

Even as we continue to grow, our emissions were down by 4% (to 592,293 tCO2e) and emissions per employee were reduced by 7% (to 3.19tCO2e) in FY18.

Our greatest opportunity for improvement often comes when we make office moves or refurbishments. Many of our buildings are now certified to environmental standards as a result of our leasing or building requirements. 54% of our PwC US office space is ‘LEED certified’.

We are also seeing strong action by our territories that operate car fleets. For exampe, PwC Netherlands have committed to a fully electric car fleet by 2025.

While driving efficiencies is the first step of our strategy, purchasing renewables is one of the key ways we can reduce our impacts. For the energy we do consume, our commitment is to go 100% renewable across our global operations by 2050. By transitioning our largest firms first, we have set an interim goal to power 70% of our operations with renewables by 2022.

As part of our commitment to go 100% renewable we’ve joined RE100, a global coalition  of influential businesses committed to going 100% renewable. RE100 is an initiative led by The Climate Group and CDP (formerly known as the Carbon Disclosure Project).

Many PwC firms have long been strong performers at a national level in managing their carbon impact, for example:

  • PwC UK has installed two trigenerators that use carbon neutral biofuels from recycled cooking oil to generate part of their energy requirements onsite.
  • PwC France, Germany, Netherlands, Sweden and Switzerland all work with their landlords and energy suppliers to purchase green energy tariffs.
  • PwC US and Mexico have chosen to purchase wind and solar energy attribute certificates.
  • PwC UK has achieved an 84% reduction in emissions from 2007 - 2018.
  • PwC Netherlands introduced an internal cost of carbon.
  • Sixty percent of electricity used across 21 of our largest firms came from renewable sources in FY18.

While territories are taking steps to reduce emissions from air travel, we are taking action to mitigate our impacts. Read more about our approach to offsetting our FY19 unavoidable emissions.

Click here

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Contact us

Kirsty Jennings

Global Corporate Responsibility Leader, PwC Australia

Tel: +61 3 8603 0174

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