No Match Found
We’ve been a proud signatory to the UN Global Compact since 2002, and are committed to operating responsibly in line with its ten principles.
PwC has made a worldwide science-based commitment to achieve net zero greenhouse gas (GHG) emissions by 2030. The commitment includes supporting our clients in reducing their emissions as well as reducing those from the PwC network’s operations. We will decarbonize our operations, including our travel footprint, and neutralize our remaining climate impact by investing in carbon removal projects. We will also engage with our suppliers to help them tackle their own climate impact.
We have committed to reduce our total greenhouse gas emissions by 50% in absolute terms by 2030.
This includes switching to 100% renewable electricity in all territories, as well as making energy efficiency improvements in our offices and halving the emissions associated with business travel and accommodation within a decade. In FY20, emissions associated with flights alone represented around 83% of our total carbon footprint (FY19: 85%).
We continue to support a range of high-quality carbon reduction projects. These projects not only reduce carbon emissions, but allow us to take responsibility for our impact. The projects we are helping to support have collectively impacted over 4.3m people, protected or restored 539,000 hectares of land, and created over 1,820 new full time jobs. Find out more about our offset projects.
Our net zero commitment builds on work we have been doing to drive down emissions. In October 2018 we committed to drive efficiencies, go 100% renewable, and offset 100% of our air travel emissions. We have made significant progress towards that goal, in part as a result of the response to COVID-19. With our entire workforce working from home at various stages throughout the year, we have seen our Scope 1 and 2 emissions reduce by 14% and 25% respectively. Air travel is our largest source of carbon emissions, and as expected, we saw a reduction – 29% – in our Scope 3 emissions from last year due to COVID-19 restricting both domestic and international air travel.
In FY20, we purchased 71% of our electricity from renewable sources, which supports our goal of becoming 100% renewable by 2022 across our 21 largest territories (FY19: 65%). The greatest environmental impact from operating our business comes from the energy we use to power our offices and air travel. We report annually on the areas of our environmental impact that are most material to PwC, namely Scope 1, 2 & 3. Because our reliance on natural capital is small compared with many other industries, we have not aligned our global reporting against the Task Force on Climate-related Financial Disclosures (TCFD) and do not report on our consumption of fresh water and land use.
Volunteers of the firm have worked in Habitat for Humanity home construction. The 1K for 1 Day Youth Build saw a number of our people building houses at the Habitat for Humanity housing site in BayaniJuan in Calauan, Batangas in May 2011. Isla Lipana & Co. also sponsored the launch of "I Build... What will you build" which is a four-year CSR initiative of Habitat for Humanity in the Philippines.
In May 2012, our people volunteered in an Asia Pacific-wide Habitat for Humanity event called “Youth Build Asia Pacifc 2012”. They were part of the 2,000 house-builders who helped build 200 homes in the Navotas Relocation Site in Barangay Tanza, Navotas City. Isla Lipana & Co., in celebration of its 90th Anniversary in June 2012, also donated two housing units worth PHP320,000 to this build event. The houses were turned over to families that lost their homes to Typhoons “Pedring” and “Onyok” in 2011.
Our people have visited Aeta villages in Bamban, Tarlac to teach indigenous people basic Math and some livelihood projects. They also painted houses, distributed medicines, food, school supplies, clothing and slippers to the Aeta villagers.
In the aftermath of Typhoon Ondoy in 2009, we had volunteers join the “Volunteer Company for the Day” (VCD) program of the Philippine National Red Cross to help in their relief operations. Isla Lipana & Co. partners, managers and staff also donate resources to mission houses which tend to depressed communities and orphanages.
Our commitment to help victims of various calamities has been constant whenever and wherever our assistance is urgently needed. We run calamity fund drives that involves cash and in-kind donations, such as food, reusable clothing, medicines, blankets, etc.. We partner with media institutions and charity foundations which take care of distributing our donations to victims housed in evacuation shelters. We have assisted victims of some of the worst calamities that visited the country, among these: Typhoon “Sendong” in 2011; Typhoon “Pablo” and the so-called “flood without a name” in 2012; and Typhoon “Maring” in August 2013.
Across the network, we engage in a broad range of pro- and low bono projects that are conducted with the same combination of expertise and commitment that we put into our client work. This work spans support for small local charities through to national and global civil society organizations.
Isla Lipana & Co. has rendered professional services with much reduced billings or pro-bono services for non-government organizations, charitable institutions, civic organizations, and professional and humanitarian organizations. Our beneficiaries in the past include Bukas Loob sa Diyos Foundation, Opthalmological Foundation, FINEX Research Foundation, Philippine Business for Social Progress, Financial Executives Institute of the Philippines, Children’s Hour Philippines, and the CNDR.
To give employees the opportunity for better work-life quality and protect our people’s health and well-being, this year, we introduced the Quality Work Hours (QWH) method. Employees are encouraged to start their work day early enough that they can end it no later than 8.00pm. Should the need to go beyond 8pm arise, approval is sought from their higher-ups. This allows employees to better plan and organize their work schedule and personal time.
Employees were given relaxation and stress management perks during the past busy season. The firm, again, commissioned VIBES (Visually Impaired Brotherhood for Excellent Services, Inc.) to provide dry back massage service to employees. For mental well-being, stress management sessions were held for employees to learn the causes of workplace stress and ways to better manage it.
For four years and counting, we have encouraged our employees to plan their group summer travel by including a corporate responsibility activity in their travel destinations. Whether it’s for the people, the place, or the environment, our people have left a lasting mark. Past activities include donating school supplies and hygiene kits to children, feeding program, book donation drive, basic accounting and bookkeeping session with rural folks, assistance to schools through the Department of Education’s Brigada Eskwela, and mangrove tree planting.
The last fiscal year’s fun-filled Family day had the theme, “PwC Pamilya, Palaro at Pelikula” and gathered employees and their families at the Ynares Sports Arena, Pasig City. Activities include an acting workshop for kids aged 4 to 14 years old, employee-run food stalls, inflatable play place for toddlers, and games. The event highlight was the first-ever PwC Film Fest and Awards Night, which featured PwC and Filipino values.
To promote camaraderie, teamwork, and an active lifestyle, the firm organizes its annual Sportsfest where employees showcase their athletic skills and talents. Each department sends its best players to compete in basketball, volleyball, and table tennis, among others. Steering away from the usual inter-department format, players were teamed up with those from other departments.
To promote a non-sectarian celebration of Halloween, the firm mounts its annual FUN-tastic Friday. Held during the last Friday of October, FUN-tastic is a celebration of positivity and great possibilities where participants are encouraged to dress up as someone inspiring, like a favorite super hero or celebrity. Work stations are largely adorned with recycled materials. The activity pushes everyone to be creative and innovative while having fun.
Roselle Yu Caraig
Tax Partner, PwC Philippines
Tel: +63 (2) 8459 2023
Allan M. Cao
Assurance and Markets Executive Director, PwC Philippines
Tel: +63 (2) 8845 2728