Six years into our net zero journey, we continue to build on meaningful progress, confront the challenges ahead, and take action on what’s needed 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
50% Reduce scope 1 and 2 absolute emissions by 50% from a FY19 base by FY30.
50% Reduce absolute business travel emissions by 50% from a FY19 base by FY30.
100% Transition to 100% renewable electricity in all PwC firms by FY30.
50% Have 50% of the network’s purchased goods and services suppliers (by emissions) set science-based targets to reduce their own climate impact by FY25.
Long-term target
90% Reduce scope 1, 2, and 3 absolute emissions by 90% from a FY19 base by 2050.
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%
|
||||||||||
| FY26 emissions | 0.93 tonnes CO2e | ||||||||||
| FY25 emissions | 0.53 tonnes CO2e | ||||||||||
Notes
Includes Scope 2 electricity emissions calculated using the GHG Protocol market-based approach. Under the location-based approach, emissions amount to 284 tCO₂e.
Scope 3 business travel
| Metric | Details | ||
|---|---|---|---|
| Change since 2019 | -32% | ||
| 2030 Target | -50% | ||
| FY26 emissions | 210 tonnes CO2e | ||
| FY25 emissions | 308 tonnes CO2e* | ||
Notes
Business travel reflects emissions from flights, hotel accommodation, related transport, and reimbursed travel expense claims.
* The FY25 number has been restated to reflect revisions to underlying calculations and assumptions.
Office electricity from renewable sources
| Metric | Details | ||||||
| Change since FY19 | -100% | ||||||
| 2030 Target | 100% | ||||||
| FY26 renewable proportion | 100% | ||||||
| FY25 renewable proportion | 100% | ||||||
Notes
Proportion of electricity consumption from PwC Malta offices that is from renewable sources.
Suppliers with science-based target
| Metric | Details | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2030 Target | 50% | |||||||||
| FY26 suppliers with SBT | 6% | |||||||||
| FY25 suppliers with SBT | 9%* | |||||||||
Notes
The proportion of PwC’s modelled supply chain emissions that are covered by suppliers who have set a Science Based Target (SBT).
* The FY25 number has been restated to reflect revisions to underlying calculations and assumptions.
Total emissions offset
| Metric | Details | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2030 Target | 100% | ||||||||||||||
| FY26 offset coverage | 100% | ||||||||||||||
| FY25 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 | -65% |
| FY26 Usage | 968,334 impressions |
| FY25 Usage | 1,073,684 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 | +79% |
| FY26 Water Withdrawal | 4,241 m³ |
| FY25 Water Withdrawal | 4,114 m³ |
Notes
Water withdrawal represents first class water used within the PwC Malta office, largely in kitchens and bathrooms.
Scope 1 and 2 emissions
Over the past year, our emissions profile has remained largely the same. Our scope 1 emissions remain largely insignificant, while our scope 2 emissions continue to be offset through the purchase of Energy Attribute Certificates (EACs), which cover our total market-based electricity emissions. This aligns with our global target to source all our electricity from renewable sources.
In prior years, we invested in high-efficiency HVAC systems, optimised temperature settings across all air-conditioning units and introduced smart controls through a new building management system. These measures continue to improve monitoring and reduce unnecessary electricity use.
While the photovoltaic panels above the car park have been fully operational for several years, last year we completed roof reinforcement and waterproofing works on the main building. This will allow us to install additional panels, with the potential to triple our current renewable energy generation. We are carrying out the necessary engineering studies ahead of submitting an application to the Regulator for Energy and Water Services (REWS).
Here, we acknowledge that business growth and the acquisition of additional office space are driving up electricity demand. Our teams continue to monitor this and assess what smart technologies can be deployed to manage this, while supporting a behavioural shift in our staff to conserve electricity wherever possible.
Scope 3 business travel emissions
Business travel remains core to our business model, whether to serve international clients, participate in training, or recruit. We’re aware that this represents one of our largest sources of controlled emissions, totalling 210 tCO2e in FY26. This includes air travel, land transport (rental cars, expensed fuel, taxis, and trains) and accommodation used during business trips.
In assessing these emissions, we must keep in mind that Malta has limited alternatives to air travel. Faced with this reality, we continue to assess travel patterns to identify reduction opportunities.
Despite increased activity and ongoing international recruitment, business travel emissions in FY26 were 32% below the FY19 baseline.
Suppliers with science-based targets
6%
Decarbonising our supply chain is key to our net zero journey. As most of our suppliers are local and ESG maturity is still developing, selecting partners with validated SBTi targets remains challenging. In FY26, 6% of our purchased goods and services, measured by greenhouse gas emissions, were sourced from suppliers with established science-based targets.50%
As a network, we’ve committed that 50% of purchased goods and services suppliers, by emissions, will set science-based targets to reduce their climate impact. We plan to continue engaging closely with key suppliers, encouraging and supporting their progress towards net zero while continuing to reduce emissions within our own operations.Total emissions offset
Carbon credits are used to address residual emissions that cannot yet be reduced. Through this approach, we support high-quality, independently verified carbon reduction and removal projects aligned with the Architecture for REDD+ Transactions (ART) standard. These projects continue to focus on forest conservation and sustainable land management in Ghana and Costa Rica.
By FY30, we aim to transition our carbon credit portfolio entirely from avoidance credits to carbon removals. We offset residual scope 1 and 2 emissions and scope 3 business travel emissions through a global carbon credit purchasing process managed by the PwC network for its member firms, including PwC Malta. For FY26, PwC Malta secured an offsetting allocation of 211 tonnes of CO2e.
Paper use
-65% paper use
Since FY19, paper use, measured by the number of printed impressions, has fallen by 65%. This reflects the impact of our communication plan and the widespread adoption of dual monitors across the firm, reducing the need for printing in daily work.
We continue to promote awareness by sharing regular updates with our people. Our internal newsletter featured a segment on 'Rethinking printing', highlighting printing performance across our lines of service and encouraging more sustainable habits.
By fostering a digital-first mindset and keeping our teams informed, we aim to maintain this progress and further reduce our environmental footprint.
Water withdrawal
+79% water usage
Since FY19, we have monitored water withdrawal to better understand and manage our environmental impact, particularly in a water-stressed country such as Malta. Over this period, water use has increased by 79%, mainly due to the expansion of our operations and workforce.
In FY26, we continued to promote responsible water use through regular internal newsletter updates and awareness communications. These highlighted the firm's annual water consumption and Malta's water-stressed context, while encouraging our people to take practical steps to conserve water at work and at home.
Other initiatives
Our net zero ambition is central to our strategy, but our commitment extends beyond emissions reduction. We aim to lead by example and encourage positive change among our clients, people, and the wider community. Our approach combines community engagement, education, and the promotion of a sustainability culture across the business.
Throughout 2026, we engaged with stakeholders to advance the sustainability agenda, prioritising action in areas including awareness, waste management, mobility, volunteering, and responsible business.
