Tuesday 15 September 2020

PwC commits to becoming a net zero company by 2030

PwC has made a commitment to decarbonise its operations and supply chain and become a net zero company by 2030.

The professional services network of firms will embed the implications of climate change and other environmental, social and governance (ESG) related factors across the work it does with its clients, from strategy to implementation.

It will also reduce its travel footprint and neutralise its remaining climate impact by investing in carbon removal projects, along with engaging with suppliers to tackle their climate impact.

PwC's net zero goal includes a science-based target aligned with a 1.5°C trajectory, committing to reducing its total greenhouse gas emissions by 50% in absolute terms by 2030.

This includes a switch to 100% renewable electricity in all territories, as well as energy efficiency improvements in its offices and halving the emissions associated with business travel and accommodation within the next decade.

Emissions associated with flights alone currently represent around 85% of PwC's total carbon footprint.

Bob Moritz, Global Chairman of the PwC network said: “Businesses and economies must evolve quickly to address the significant challenges facing our societies and our planet. 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.

"A net zero world is within reach. Getting there will take innovation, hard work, collaboration and bold thinking but the benefits will be immense. The business community has a responsibility to act and we are determined to play our part, not just in our own operations and supply chain but also in the way we advise and support our clients to create a sustainable world for future generations."