Five years into our net zero journey, we pause to consider the progress made, the impact we’re creating, and the steps we still need to take to achieve our goals.
At PwC Malta, we are committed to a net zero pathway and have set science-based targets to reduce emissions in line with a 1.5-degree climate scenario. Our commitment is structured into near-term and long-term targets, all aimed at achieving net zero greenhouse gas emissions across our value chain by 2050:
Near-term targets
Long-term target
As part of this initiative, we continue to offset our scope 1, 2, and scope 3 business travel emissions that can’t be reduced, by purchasing high-quality carbon credits. We also plan to transition our carbon credit portfolio to 100% carbon removals from FY30.
Environmental data overview
Scope 1 and 2 emissions
| Metric | Details |
|---|---|
| Change since FY19 | -100% |
| 2030 Target | -50% |
| Emissions in FY25 | 0.53 tonnes CO2e |
| Emissions in FY24 | 301 tonnes CO2e |
| Notes | Includes Scope 2 electricity emissions calculated using the GHG Protocol market-based approach. Under the location-based approach, emissions amount to 289 tCO₂e. |
Office electricity from renewable sources
| Metric | Details |
|---|---|
| Current renewable electricity proportion | 100% |
| 2025 Target | 100% |
| FY25 renewable proportion | 100% |
| FY24 renewable proportion | 14.21% |
| Notes | Proportion of electricity consumption from PwC Malta offices that is from renewable sources. |
Scope 3 business travel
| Metric | Details |
|---|---|
| Change since 2019 | -6% |
| 2030 Target | -50% |
| FY25 emissions | 338 tonnes CO2e |
| FY24 emissions | 289 tonnes CO2e |
| Notes | Business travel reflects emissions from flights, hotel accommodation, related transport, and reimbursed travel expense claims. |
Suppliers with science-based target
| Metric | Details |
|---|---|
| Current suppliers with SBT | 11% |
| 2025 Target | 50% |
| FY25 suppliers with SBT | 11% |
| FY24 suppliers with SBT | 8% |
| Notes | The proportion of PwC’s modelled supply chain emissions that are covered by suppliers who have set a Science Based Target (SBT). |
Total emissions offset
| Metric | Details |
|---|---|
| Current offset coverage | 100% |
| 2030 Target | 100% |
| FY25 offset coverage | 100% |
| FY24 offset coverage | 100% |
| Notes | All offsets are REDD+ projects, requiring verification and aligned to the Architecture for REDD+ Transactions (ART) standard. All offsets are retired through a verified carbon offset registry. |
Paper use
| Metric | Details |
|---|---|
| Change since 2019 | -61% |
| FY25 Usage | 1,073,684 impressions |
| FY24 Usage | 1,297,135 impressions |
| Notes | Paper consumption relates to the volume of printing, specifically the number of impressions on all printing devices at the PwC Malta office. |
Water withdrawal
| Metric | Details |
|---|---|
| Change since FY19 | +74% |
| FY25 Water Withdrawal | 4,114 m³ |
| FY24 Water Withdrawal | 4,136 m³ |
| Notes | Water withdrawal represents first class water used within the PwC Malta office, largely in kitchens and bathrooms. |
Scope 1 and 2 emissions
In the past year, we’ve seen a major shift in our emissions profile. Scope 1 and 2 emissions have dropped by ~100% when compared to FY19, due to the purchasing of Energy Attribute Certificates (EACs) covering all Scope 2 market-based electricity emissions. This aligns with our global target to source all our electricity from renewable sources.
To further cut emissions, we’ve invested in high-efficiency HVAC systems, optimised temperature settings across all air conditioning units, and introduced smart controls via a new building management system. This enhances monitoring and eliminates unnecessary electricity use.
Our photovoltaic panels above the car park have been fully operational for some years now, supplying renewable energy consumed entirely on-site. This year, we’ve also completed roof reinforcement and waterproofing works on the main building, paving the way for future PV installation and rainwater collection.
We remain committed to further reducing our environmental impact. However, as we grow and expand, we’ve acquired more office space, increasing electricity demand. Most of our teams are back in the office, and we’ve welcomed more full-time employees, students, and interns as it continues to grow.
Scope 3 business travel emissions
Business travel remains an essential part of how we operate and serve our clients. It also represents our largest source of controlled emissions, totalling 338 tco2e in FY25. These include air travel, land transport (rental cars, expensed fuel, taxis, and trains), and accommodation used during business trips.
As an island nation with strong international ties, reducing these emissions is challenging. Yet, we’re assessing travel patterns to identify reduction opportunities. Malta’s reliance on air travel limits flexibility, but we’re committed to mitigating hard-to-abate emissions and managing our scope 3 impact by:
Despite increased activity and ongoing international recruitment, in FY25 we achieved a 6% reduction in business travel emissions compared to our 2019 baseline.
Suppliers with science-based targets
Total emissions offset
Reducing operational impact through the purchase of carbon credits is part of any net zero journey. Here we’re supporting high-quality, independently verified carbon reduction and removal projects, initiatives verified under the Architecture for REDD+ Transactions (ART) REDD+ standard. These focused on forest conservation and sustainable land management in Ghana and Vietnam.
By FY30, we aim to transition our carbon credit portfolio entirely from avoidance credits to carbon removals, underscoring our commitment to reducing our environmental impact as we grow. We’ve taken proactive steps to offset energy and mobility emissions across scope 1, scope 2, and scope 3 business travel. Our PwC network manages a global carbon credit purchasing process for all member firms, including PwC Malta, offering diverse credits across project types and regions. As PwC Malta, we have secured an offsetting budget of 533 tonnes of CO₂e for FY25 through EcoAct.
Paper use
Since FY19, our paper use - measured as the number of printed impressions - has fallen by 61%. This reflects the impact of our communication plan and the widespread adoption of double screens across the firm, helping to make printing less necessary in daily work.
We continue to promote transparency and awareness by sharing regular updates with our people. In August 2025, our internal newsletter featured a segment on ‘Rethinking printing’, highlighting the printing performance across our lines of service and encouraging everyone to embrace more sustainable habits.
By fostering a digital-first mindset and keeping our teams informed, we aim to maintain this momentum and further reduce our environmental footprint.
Water withdrawal
Since FY19, we have been monitoring our water withdrawal to better understand and manage our environmental impact, particularly in a water-stressed country like Malta. Over this period, water use has increased by 74%, mainly due to the expansion of our operations and workforce growth.
To raise awareness and encourage responsible use, in 2025 we organised a water conservation workshop led by Mr Marco Cremona, one of Malta’s leading water specialists. The session explored how Malta has adapted to limited water resources and provided practical guidance on reducing water use both at home and in the workplace.
Other initiatives
Our net zero ambition is central to our strategy, but our commitment extends beyond emissions reduction. We aim to lead by example, using our position to influence positive change among our clients, people, and the wider community. Our approach integrates community engagement, education, and promoting a sustainability culture across business.
Throughout 2025, we engaged with stakeholders to advance the sustainability agenda, prioritising action in key areas like awareness, waste management, mobility, volunteering, and responsible business
- Building awareness and learning
- Circular economy and waste separation
- Sustainable mobility
- Giving back 2025
- Responsible business and leadership
Building awareness and learning
Employees took part in workshops and sessions focused on sustainability, including a water conservation session, a Net Zero information event, and several wellbeing initiatives promoting healthier, more sustainable lifestyles.
Circular economy and waste separation
New organic bins, awareness campaigns, and “Trash Talk” sessions encouraged better waste management habits and reduced reliance on local landfills.
Sustainable mobility
Work began on installing on-site electric vehicle charging points and developing an EV policy to support safer and cleaner commuting options.
Giving back 2025
Staff continue to be given an allocation of volunteering hours to support community and environmental projects, alongside partnerships with Din l-Art Ħelwa and Majjistral Nature and History Park.
Responsible business and leadership
ESG-focused events, training, and the NextGen programme reinforced our commitment to integrating sustainability into leadership and corporate decision-making.
Explore further
More highlights from this year
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