“We are committed to driving systemic change and fostering collaboration across public and private sectors to build a more resilient and sustainable future for society at large.”
It is becoming increasingly clear that the world is not transitioning fast enough to avoid the worst impacts of climate change.1 Many scientists believe it is now all but inevitable that we will breach the important 1.5°C increase in global average temperatures. Even at 1.5°C, the climate-related impacts would still be very significant.
Those impacts have already begun and are happening all around us. The risks we once heard of in the context of the future are crystallising in today’s world, and these conditions will continue to deteriorate for years to come.
There has never been a more urgent need for businesses to work together on a global scale to speed up our collective efforts to decarbonise and adapt to the impacts of climate change. That’s why we put sustainability and environment at the heart of our global strategy.
The 2024 PwC Network Environment Report discusses our global environment strategy which focuses on the parallel goals of accelerating progress to a more sustainable future and adapting to build resilience against the risks we now face.
1 IPCC, 2023: Climate Change 2023: Synthesis Report, IPCC, AR6 Synthesis Report
PwC is committed to minimising the direct and indirect environmental impacts of its operations and its supply chain to continuously improve its environmental performance. That’s why we’ve made a worldwide science-based commitment to net zero with 2030 goals. We will achieve this by reducing our scope 1 and 2 absolute emissions and business travel emissions by 50%, moving to renewable electricity, working with our clients to support their efforts and contributing to public policy efforts in support of net zero.
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We have an ongoing programme to identify, understand and address the strategic risks and opportunities for our business that arise from climate change. Learn more about how we see climate affecting our business and the steps we are taking to adapt and transform in response.
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The loss of nature and biodiversity pose a direct threat to human well-being and economic activities. We rely on nature for services such as clean water and air, fertile soils for food, pest and disease regulation, and carbon sequestration. Read about the steps we are taking ourselves, how we are helping our clients and how we’re helping to develop the necessary framework to underpin a nature positive world.
Each year, once our PwC firms have reduced their emissions in line with our near-term science-based targets, they offset any scope 1, 2 and scope 3 business travel emissions they have not yet reduced. They do this by purchasing high-quality carbon credits. We will continue to offset those emissions we cannot eliminate through high-quality carbon credits and plan to transition our portfolio to 100% removals from FY30. We will regularly review the options and market solutions available to us to deliver on this.
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FY19 2,517 ktCO2e*
*Revised due to improved data availability
FY19 4.0 tCO2e per employee
FY19 53%*
Colm Kelly
Global Corporate Sustainability Leader, PricewaterhouseCoopers International Limited
Global Corporate Sustainability Managing Director, PricewaterhouseCoopers International Limited
Lindsay Foulds
Director, Global Corporate Sustainability, PricewaterhouseCoopers International Limited
