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Climate change is one of the most pressing problems facing our world today. It affects everyone - from families worrying about their children’s futures, to pension funds deciding where to invest. The science is clear: to avoid the worst impacts of climate change, business, government and society need to work together to transition to a net zero economy by 2050.
At PwC, we believe the business community has a key role to make that happen. We’re committed to leading by example.
Our global reach means we can play an important role in driving the transition to a net zero economy.
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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 FY30 (compared to a FY19 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
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
To mitigate our impacts today, we offset our emissions through high-quality carbon credits, transitioning to 100% carbon removals by 2030.
Commit that at least 50% of our purchased goods and services suppliers (by emissions) will have set science-based targets by FY25
Advance non-financial reporting so stakeholders understand the impacts of business on climate
We’re supporting our clients and suppliers to transform their businesses to achieve net zero. We also recognise the importance of actively reducing the climate impact of our own operational footprint - including scope 3 emissions.”
At PwC, we work across 152 countries and many industries. We also work across many client services – from reshaping strategy and transformation, to deals, reporting, audit, and tax. This gives us a huge opportunity to accelerate the transition to net zero.
We’re adapting our core services to embed consideration of climate change in many ways, from including climate risk in due diligence processes in deals, to considering green incentives and supply chain reengineering in our tax services.
We help organisations to develop and implement decarbonisation plans. This includes re-aligning corporate strategy, governance and accountability, operating models, innovation and research and development (R&D), tax strategy and reporting, enterprise and supply chain transformation. We also help with people and talent, partnerships and alliances, corporate affairs and regulatory engagement.
We’re adding science-led climate analysis into our client work.
You can also read more about our services in Climate and other areas of ESG here.
Stakeholders are increasing their expectations. Organisations will need to report more on their environmental, social and governance (ESG) impacts - and demonstrate progress. This means we now need consistent, comparable ESG standards that can help to create trust in businesses that can demonstrate good performance, as well as trust in society’s ability to do the right thing on the issues that matter.
At PwC, we’re continuing our advocacy and support for globally aligned sustainability reporting standards. Our leaders continue to support this development. It’s a critical step for business and capital markets to measure and understand progress towards net zero commitments.
We continue to make contributions across the wider climate policy agenda through our strategic global partnerships and alliances, for example, the World Economic Forum (WEF) World Business Council for Sustainable Development (WBCSD) and Global Solutions Initiative (GSI).
We’re also contributing to a broader understanding of the importance of net zero and how to achieve it, including the following:
For more on how we’re helping to shape and accelerate the global policy agenda download our Network Climate-related disclosures report 2022.
We’ve prepared our second set of disclosures in response to following the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) for the PwC network.
This TCFD report represents an important step as we execute our strategy to deliver trust and sustained outcomes, bringing our purpose to life and leading within the business community on climate-related challenges.