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PwC UNGC Global Compact communication on progress 2020

We’re proud to have been a signatory to the United Nations Global Compact (UNGC) since 2002 and remain deeply committed to the UNGC’s Ten Principles for responsible business practices and remain steadfast in delivering positive societal and environmental outcomes. By embedding the Ten Principles across PwC’s operations, we hope to continue using our scale, knowledge and skills to make a difference for our broader stakeholders. We value our membership and look forward to continuing to work together to make sure business is a force for good in society.

Chairman's statement

"I would like to thank the UNGC for its continued leadership in encouraging responsible business practices and advancing the Sustainable Development Goals. We are proud to have been a signatory to the UNGC since 2002 and remain deeply committed to its mission."

Bob Moritz Global Chairman, PricewaterhouseCoopers International Limited

PwC strongly supports the UNGC’s Ten Principles as part of a roadmap for creating systemic change and helping to redefine the role of business in recoupling economic growth with social progress. By guiding businesses on where and how they can make a positive impact on labor, human rights, the environment and anti-corruption, the Ten Principles enable companies to catalyze change in their own operations, in their communities, and in market systems. Delivering change means taking action on inclusion and sustainability while also acting to address the underlying systemic factors that drive the way our economies and societies work. Below, we share highlights of our progress in each of these areas. While we are proud of the progress we have made, we know there is always more we can do.


Inclusion

PwC’s work on inclusion spans across several areas; here, we would like to focus on two key areas in particular where we are making an impact: upskilling and social inclusion.

Upskilling

Through our New world. New skills. program, we’re working with governments, businesses and nongovernmental organizations worldwide to close the digital divide and help millions of people to improve their understanding, skills and knowledge for the digital world. 

Our collaboration with UNICEF, in support of Generation Unlimited, is helping to upskill youth and connect them to opportunities for employment, entrepreneurship and social impact.

Social Inclusion

Over the past year, many of our PwC firms have taken actions to help address inequalities and discrimination in our communities.

PwC US - CEO Action for Racial Equity 

PwC UK - ColourBrave Charity Committee

Globally we established a Diversity and Inclusion Council 

Joined the new HeForShe Alliance

Founding member of the Partnership for Global LGBTI Equality

Sustainability

In September 2020, PwC took the important step of making a worldwide science-based commitment to reach net zero greenhouse gas emissions by 2030 – building on our existing global environmental commitment.

We will decarbonise our operations, including our travel footprint, by reducing our total greenhouse gas emissions by 50% in absolute terms by 2030, including switching to 100% renewable electricity in all territories and making energy efficiency improvements in our offices. We will neutralise our remaining climate impact by investing in carbon removal projects.

In addition to managing our own operational footprint, we are transforming our business model to decarbonise our value chain – collaborating with suppliers, clients and our people. We are also ramping up our contributions to policy and advocacy to support system-level transformation.

Systemic reform

Collaboration between the private, public and nonprofit sectors can help to drive systemic change in the way the global economy is structured so that it can deliver sustained outcomes for people and the planet.

PwC has collaborated with the World Economic Forum’s International Business Council  to identify a universal set of environmental, social and corporate governance (ESG) metrics and disclosures which companies can use to align their mainstream reporting on performance against ESG indicators and track their contributions towards the Sustainable Development Goals on a consistent basis.

PwC also engages with major global organisations including; the G20, the Organisation for Economic Cooperation and Development (OECD), United Nations (UN), European Union (EU), World Business Council for Sustainable Development (WBCSD) and others.

We are also supporting the United Nations Development Programme (UNDP) on the COVID-19 Private Sector Global Facility to help local communities recover better from the pandemic across a number of countries.

Contact us

Tracey Capper

Global Corporate Responsibility Senior Manager, PwC Australia

Tel: +61 8603 3346

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