Global firm PricewaterhouseCoopers (PwC) is making a worldwide commitment to achieve net zero greenhouse gas (GHG) emissions by 2030.
The commitment includes supporting clients to reduce their emissions as well as reducing those from the PwC network’s operations and suppliers. PwC commits to decarbonize its operations, including its travel footprint, and neutralize its remaining climate impact by investing in carbon removal projects. It will also engage its suppliers to tackle their climate impact.
Between July 2019-June 2020, PwC firms provided services to 84 per cent of the Global Fortune 500 companies and more than 100,000 entrepreneurial and private businesses. It is this position that will allow PwC to play an integral role in driving the transition to a low-carbon economy worldwide.
To support these efforts, the network will continue to contribute to public policy developments in support of net zero at national, regional and global levels.
PwC commits to decarbonize its operations and supply chain, which includes reshaping how it serves clients, sustained reductions in travel and the increased use of zero carbon energy.
Strategies will include the following:
- Embed the implications of climate change and other Environmental, Social and Governance (ESG) related factors across the work it does with clients, from strategy to implementation.
- Continue to advance corporate reporting standards that champion comprehensive non-financial reporting practices.
- Continue the commitment to the long-standing program of research and collaboration with businesses, policy makers and non-governmental organizations to accelerate the transition to a net zero economy.
“Businesses and economies must evolve quickly to address the significant challenges facing our societies and our planet,” said Bob Moritz, global chairman of the PwC network. “Whether you look at this through the lens of human need or from a capital allocation perspective, it is in the interests of everyone that we see systemic change that averts climate catastrophe and unlocks the potential of green growth.”
PwC is a network of firms in 157 countries with over 284,000 people who are committed to delivering quality in assurance, advisory and tax services. PwC Canada has headquarters in Toronto, Ontario and locations across the country.