ESG (Environmental, Social and Governance) is a framework for businesses to consider the impact and dependencies on the environment and society, along with the quality of their corporate governance. It encompasses all non-financial topics that are not typically captured by traditional financial reporting.
Stakeholders are increasingly interested and concerned with a company's non-financial performance and ESG credentials from climate change, equality, diversity and inclusion, and management accountability. Businesses across all industries must demonstrate they act with purpose and operate responsibly, and ESG is a way to measure and demonstrate their impact transparently to meet the demands and build the trust of their stakeholders.
ESG is more than ticking boxes. It's about making a difference - for your business and our world. Creating sustained outcomes that drive long-term value and fuel growth, whilst strengthening our environment and societies.
As an International Finance Centre the Isle of Man has an important role to play in sustainable finance and being a home to responsible businesses. Our passionate community of solvers from strategy, tax, deals, people, assurance, reporting, data, and tech are ready to help you incorporate ESG principles into everything you do. ESG is a new way to think and whatever your starting point we’ll help you turn theory into action in the three areas of strategy, transformation and reporting.
Our purpose is to build trust in society and solve important problems. We care about our people, our clients and the broader community, and want to be part of creating a sustainable and transparent future for generations to come.
We can help our clients future success:
Strategy - Make the right decisions for a sustainable future and open up business benefits
Transformation - Create value by implementing and embedding ESG into everyday operations
Reporting - Define and implement non-financial KPIs to build trust with stakeholders.
Our first episode of the Business Talks podcast is with Dasa Brynjolffssen (Director, PwC Isle of Man). She is in conversation with host, Howard Caine, and discusses:
We’re doing our own ESG work at PwC Isle of Man and are committed to sustainable and responsible business practices.
In 2020, we joined the worldwide science-based commitment to achieve net zero greenhouse gas (GHG) emissions by 2030. PwC is committed to reducing its emissions in line with a 1.5 degree climate scenario. Our targets have been validated by the Science Based Targets Initiative and include commitments to reduce our scope 1 and 2 emissions and our business travel emissions by 50% in absolute terms by 2030 (from a 2019 base).