Ethics and Business Conduct
Our purpose is to build trust in society and solve important problems. This, combined with our values, guides our behaviour and actions. Our infrastructure for sound governance, independence, ethics and compliance is equally important.
You can read more about our approach on our ethics and compliance page.
Explore the different ways we are supporting our people, clients and suppliers by helping them to achieve their full potential.
Realising the potential of our people
We’re a community of over 370,000 people in 149 countries. We’re dedicated to working together to solve important problems.
Our global strategy is fuelled by our purpose, values and behaviours. Its mission is to help organisations build trust with their stakeholders and deliver sustained outcomes. A place where innovative mindsets and smart technologies come together with fresh, diverse perspectives - human led, tech powered.
Our priority is our people - keeping them safe, protecting jobs, looking after their wellbeing, providing opportunities to learn and grow, and continuing to build a diverse and inclusive workforce.
As we evolve as a business we’re also upskilling our people. We’ve been on a digital transformation journey to change the way we work - creating space for our people to learn, build and scale innovation.
Working with clients
Our impact comes from the work we do every day, helping clients navigate many of the complex systems - capital markets, tax and economies - that underpin society. We believe we also have a responsibility to help these systems evolve, so they benefit communities and society more widely.
Success is no longer measured by just financial success, but how well you prepare for and adapt to a highly dynamic world. Continual innovation is needed to inspire and lead positive change throughout business communities. At PwC we bring together an unexpected and dynamic combination of talent and technology - to help our clients drive their climate and sustainability strategy into the heart of their business.
Working with suppliers for positive change
PwC expects our suppliers and contractors to play their part to limit climate warming including efforts to identify and manage environmental risks and impacts of their organisation and supply chain. Our Global Third Party Code of Conduct includes an environmental stewardship clause, with our commitment to achieve net zero GHG emissions with near-term science-based targets for 2030. Our code of conduct is a global requirement for all our suppliers and contractors.
We are continuing to encourage our suppliers to look at how they can reduce their climate impact, including setting their own science-based targets (SBTs). We have committed that 50% of our purchased goods and services (PG&S) suppliers (by emissions) across our network set science-based targets to reduce their own climate impact by FY25.
Many of our firms are taking action to drive positive impact through procurement. You can read more about their approach in our 2024 PwC Network Environment Report.
Helping shape and accelerate the global climate and sustainability policy agenda
We need significant change in economic structures that guide the economy. These changes will help both business and society. We’ll contribute to this change, by using our experience across sectors and countries, and across purpose, corporate governance, incentives and reporting.
We’re also working with policymakers, standard setters and businesses to align around a common set of reporting standards for non-financial information. Ultimately, these standards can help to create trust in businesses that can demonstrate good performance, as well as trust in society’s ability to do the right thing on the issues that matter.
We contribute to the public dialogue with standard-setting bodies, such as the International Sustainability Standards Board (ISSB), EFRAG and the Taskforce on Nature-related Financial Disclosures (TNFD) to help shape standards that will support the global transition. Assurance in sustainability reporting will have a critical role to play in building trust in this new reporting ecosystem, and we are investing to develop our readiness in this important area.
We also contribute to debates at key global events such as COP, Davos, and the Global Solutions Summit, regarding measures to stop the environmental crisis we see looming large.
Explore our 2024 PwC Network Environment Report
Explore our 2024 Global Annual Review
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Colm Kelly
Global Corporate Sustainability Leader, PricewaterhouseCoopers International Limited
Global Corporate Sustainability Managing Director, PricewaterhouseCoopers International Limited