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Sustainability and climate change services

Journey to decarbonization

You’ve made a commitment to reduce emissions. What’s next?

Half of Fortune 500 companies have made net zero or carbon reduction commitments. What does that mean and what’s the difference? Net Zero refers to committing to an overall balance between the emissions you produce and those taken out of the atmosphere. Carbon reduction commitments are made to deliver a reduction in emissions below current rates.

Both commitments rely on the premise that the organization is capable of coming to a clear understanding of the sources and intensity of those emissions, and that they can act on it to reduce their share over time.

Where are you in your journey - and how can you step forward?

Consider:

  • President Biden is proposing cutting US greenhouse gas emissions (GhG) by 50 to 52% from 2005 levels by 2030. And by 2050, the global economy aspires to reach the Net Zero goal established by the Paris Climate Accord.
  • Reduction targets - and Net Zero in particular- will drive companies to look across geographies, product lines, supply chains and downstream to product use or end of life for low or no-carbon options.

Where can you start?

A growing number of leading companies are taking action to reduce the emissions gap and embracing this as an opportunity to drive innovation, increase competitiveness, and stimulate resilient growth. PwC has defined nine key building blocks for a successful decarbonization transformation. Regardless of the ambition of your organization, all approaches to GHG reduction should begin with the first three building blocks:

How we can help

Our teams work with you to understand the impact of climate change and related carbon reduction efforts on your overall strategy so that you can capture opportunity and keep ahead of vulnerability. It’s how you’ll run a stronger business while creating a better world.

We can help you identify and prioritize climate risks and opportunities, understand your current performance against peers, and assess the value implications and change initiatives needed to mitigate climate risks.

With this value chain-wide GHG footprint, you’ll be able to translate the implications of carbon into business-specific parameters.

Understand the strategic sustainability issues for your business, assess the business case for change and evaluate sustainable investments.

Those who lead the transition will move from defense to offense sooner and lead the creation of new markets.

Anticipate impacts to the operating model by taking specific steps on emissions and investments for a low-carbon future.

This may include capital or R&D investment decisions, deals, workforce and skills development, products and services design, and customer experience decisions.

Establish a credible approach to climate reporting. Ensure accountability, regulatory compliance and the delivery of stakeholder expectations in order to actively manage your brand and reputation.

Related ESG services

Contact us

Casey Herman

Casey Herman

US ESG Leader, PwC US

Ron Kinghorn

Ron Kinghorn

ESG Consulting Solutions Leader, PwC US

Kevin O’Connell

Kevin O’Connell

ESG Trust Solutions Leader, PwC US

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