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We understand the impact that our work can have on our stakeholders, the capital markets, and the communities in which we live and work. We support the growing calls for organisations to be more transparent about their impact on society, and have been working alongside standards setters and regulators to seek greater consistency and alignment.
Over the course of the past 12 months, we have been supporting the International Business Council of the World Economic Forum (WEF) to agree a series of broad performance measures that all businesses can use consistently to demonstrate the impact they have, not just financially, but on broader society.
While the measures were only published last month, we have decided in our FY20 Global Annual Review to begin our three-year journey to be as open and transparent as we can against each of the core WEF metrics and disclosures. We have provided comparatives where these are available.
Percentage of PwC professionals trained in anti-corruption in FY20
100% in FY19
Share of female partners at PwC firms in FY20
21% in FY19
The average hours of training provided to PwC partners and staff using Vantage, our online learning platform
52 in FY19
people joined PwC firms in FY20
69,734 in FY19
total community investment in FY20
US$187.5m in FY19
PwC professionals supported their communities in FY20 by volunteering
61,284 in FY19
invested in people, technology, new products and services, and quality in FY20
US$3bn in FY19
We’ve also provided much more information on the Principles of Governance applied by the PwC network, including:
The WEF metrics allow for organisations not to publish data where there is a good reason not to do so. For PwC, this applies in areas that include:
Our land and water use. As we are a service-orientated organisation, our consumption of these two resources is limited and exists only in the offices that we operate from.
Financial capital metrics, such as share buybacks, dividends and capital expenditure. We are a network of member firms that are predominantly separate partnerships in legal structure. Accordingly, metrics that are applicable to corporations are not applicable across our network.
Child, forced or compulsory labour. We do not use these forms of labour in any of our own operations. Our suppliers have to abide by our Global Third Party Code of Conduct, or its equivalent, which is explicit in our opposition to and intolerance of any form of child labour, human trafficking and modern slavery.
We believe we have made a good start in addressing some of these additional disclosures. But watch out for more to come in future Global Annual Reviews.
Director, Global Corporate Affairs and Communications, PwC United Kingdom
Tel: +44 7803 974136