What was once not long ago considered “nice to have” is nowadays crucial to a company's long-term economic success: Sustainability plays a central role in how business is conducted. The focus lies on how a company's business impacts the environment and society, and how this shapes its business model. At the end of the day, sustainability is tantamount to a company's “right to play”.
Customers, investors and society in general have become interested in more than just the hard financial figures. They also demand information that goes beyond a company's financial report. They expect companies to take responsibility by identifying the ecological and social impact of their business models, and steering it through sustainable development.
PwC is a recognized leader in over 150 major analyst reports spanning risk and regulatory, digital and technology, ESG, trust and transparency and more. We help guide our clients through ESG risks and opportunities with advice, strategy, transformation, and reporting solutions.
We help businesses make the right decisions to position themselves for a more sustainable and inclusive future. By implementing ESG into core strategy, PwC supports organisations to identify new opportunities, realise future growth, create value and engage effectively with stakeholders.
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There is growing consensus that organisations, investors and governments can no longer rely solely on traditional financial information for decision making. Regulatory requirements and businesses are increasingly creating a demand for consistent, high quality disclosure by including a range of non-financial information in investor, customer, employee and other stakeholder communications.
Sustainability reporting is a relatively new process, and it can be challenging to routinely report consistent, reliable, and complete data, especially given the increasing number of disclosure requirements, organisations, and awards bodies.
This is where PwC can help by making sure that your organisation’s reporting data is credible and current.
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The EU Taxonomy Regulation defines a system of classification of sustainable economic activities that are aligned and substantially contributing to the climate and environmental objectives of the EU. Furthermore, the Taxonomy Regulation describes disclosure requirements and categories of financial market participants and certain large non-financial entities to report additional information, including Taxonomy alignment indicators related to their revenues, CAPEX and OPEX.
PwC supports financial institutions and other companies with the following service:
Growing efforts to address climate change and pursue net-zero goals create challenges and opportunities for businesses, investors, customers and other stakeholders alike. Whether you are developing renewable energy resources, investing in carbon-capture technology, financing sustainability projects through green bonds, trading carbon credits or simply considering how your business can establish measurable climate change targets, you’ll need to consider various implications.
PwC team of integrated wide range of professionals delivers a holistic perspective. Working with specialists from across a spectrum of areas including Assurance, Deals, Consulting and Tax & Legal can give you clear, actionable expert advice on climate risks related issues. Whatever the challenge you’re facing, PwC’s global network of professionals can help your business meet its strategic goals.
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ESG means designing business activities that are sustainable and responsible. This is a trend that will alter the business environment beyond recognition already in the near future. The years to come will bring wider non-financial data disclosure obligations, implementation of the principles of sustainable finance and more specific goals and measures to reduce climate impact.
Every industry sector and organisation have their own set of ESG challenges, but also opportunities to tackle them. That’s why PwC provides trainings meant to help you raise awareness and upskill your team with the latest ESG regulations and sustainability topics.
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Tax and legal areas also plays a critical role in solving today’s ESG challenges - managing an organisation’s legal and tax considerations now means also thinking about ESG issues. Done right, it goes well beyond ticking boxes as the standards and regulations around ESG are expanding rapidly at the local, national and global levels.
ESG factors are also increasingly important in weighing the legal and tax implications of business decisions and long-term plans. As climate change accelerates, businesses will encounter both new risks and new opportunities with far-reaching legal and tax impacts. And to stay viable, they will need to keep up with both society’s evolving expectations about corporate behaviour and changing business models. This has created a complex environment for any business to navigate.
Whatever your need when it comes to ESG, tax and legal matters, PwC community of solvers can help guide you through this changing landscape. We understand our clients’ unique problems and bring global expertise to help them find solutions to new and emerging problems.
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When buying or selling companies, its growing tendency for the institutional investors to check that there are no environmental showstoppers (e.g. contaminated land), no social red flags (e.g. human rights issues) and no governance problems (e.g. bribery and corruption). No investor wants to be caught out and face bad press, heavy fines or see the value of an acquisition drop.
PwC provides a tailored approach to each ESG due diligence assessment depending on the risks identified in your screening assessment, the depth of detail required for the overall due diligence, the time and budget available, and the access to management.
We apply our strong capabilities and deep knowledge of ESG DD to help you develop an effective approach to the management of ESG factors on new ‘control’ deals, where you plan to hold a majority stake. The scope of our ESG due diligence work will be tailored to reflect the material ESG issues inherent to the specific target company according to the specifics of the target’s commercial activities.
Assess your starting point and map the way forward
Discover details about climate- and carbon-related tax matters
Collect ESG data, calculate indicators, set and track ESG KPIs
Continue to invest in transformation and evolveyour business
Are you ready for the ESG revolution?
Jonas Balsys
Director, Capital Markets and Accounting Advisory Services Leader, PwC Lithuania
Tel: +370 682 71407
Renata Rinkevičė
Manager, Corporate Income Tax and ESG Services, PwC Lithuania
Tel: +370 614 36668
