Unlocking value with AI agents: A responsible approach
Explore how businesses can harness AI agents to drive innovation, improve performance and manage risks through strong oversight and governance.
In today's dynamic world, staying ahead in the regulatory landscape is crucial. Utilising the power of technology, our tax teams deliver insights that guide you through complexities and integrate tax in the sustainability agenda.
Viewing tax strategy through a sustainability lens is becoming the norm for leading companies. It is a value driver in enabling businesses to deliver on their sustainability goals, transcending its traditional compliance perception. It involves taking a holistic approach, considering how tax impacts across business operations - from finance, to global supply chains and the future of workforce.
Managing a just tax transition
The world of work is changing. Whether influenced by new "hybrid" models, AI advancements, or climate adaptation. These changes introduce complex tax implications. Within this changing world more and more organisations are considering how they align to Sustainable Development Goals (SDG) going beyond fulfilling minimum workforce requirements to areas such as living wage and consideration of the role of tax plays in informing the decisions organisations in managing a just transition.
By addressing these tax challenges proactively, businesses can navigate the changing landscape of work effectively, ensuring their tax strategies are robust, compliant, and socially responsible. We work with clients as they respond to these changes, and how it impacts their organisation.
Reframing tax, to power sustainable growth and build trust
Tax and sustainability reporting
Understanding the impact of new regulations on the entire value chain is paramount. For example, new plastic packaging or deforestation regulations. These regulations require businesses to be able to identify and report upon the entire life cycle of their products from design and manufacturing processes to end-of-life cycle.
New reporting requirements and regulations, such as the EU’s Corporate Sustainability Reporting Directive (CSRD) are transforming the landscape of tax reporting. Companies need to be able to identify and capture the data they need in order to provide reliable and transparent reporting that meets their sustainability requirements in these new areas.
PwC stands as a leader in tax reporting, equipping businesses to recognise and adhere to global requirements, facilitating connected compliance and sustainable business transformation.
Transparency and governance
In the evolving global landscape, transparency in tax reporting is becoming increasingly important, and businesses are facing challenges in managing data with strong governance processes due to increasing requirements such as Pillar 2 and Public Country by Country Reporting (pCbCR).
Effective governance is essential for ensuring transparency and accountability. It enables businesses to operate in line with their values and purpose, and to measurably demonstrate their commitment to driving their agenda.
We assist organisations in developing a transparent tax narrative that is understandable to stakeholders, and aligned to their organisational objectives, all underpinned by strong governance. It builds trust, and showcases a commitment to sustainability. This approach meets the growing demand from stakeholders and investors to create value through tax decisions.
How prepared is your organisation for these new areas?
How tax strategy can enable the net zero transition
Climate change is a critical challenge affecting all sectors globally. To achieve net zero, organisations must assess and prioritise their climate-related risks and opportunities. This involves a clear understanding of the new and current regulations and requirements, setting targets, and strategising to reach them.
The tax system fosters the development of new carbon markets as an increasingly important area to consider. Green taxes and incentives are pivotal tools used by governments to promote sustainability.
By addressing climate change proactively, organisations not only mitigate risks but also uncover opportunities for sustainable growth, aligning with global efforts to foster a greener economy.
We deliver insights that integrates tax considerations into your decarbonisation journey, ensuring alignment with your broader organisational goals. We provide insights into activities that trigger environmental taxes and reveal incentives that support your global sustainability transformation, reducing environmental impact and enhancing competitive edge.
Tax and sustainability case studies
GE Vernova: Rising to the carbon challengeOpens in a new window
GE Vernova develops a strategic outlook on carbon reduction and establishes a pathway to meet climate goals. Explore its innovative approach.
A digital transformation leader gains strategic insights for day-one readinessOpens in a new window
PwC's Divestiture Accelerator provided our client with a single platform to aggregate relevant data and develop automated, replicable processes.
Flight path to net zero: Assessing Spain’s SAF capacityOpens in a new window
Iberia aimed to explore Spain’s capacity to produce SAF, with the goal of meeting net zero commitments and realizing economic advantages.
Tax and sustainability insights
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Tax Transparency and Tax Sustainability Reporting Study 2024
This study assesses tax transparency and tax sustainability reporting for over 850 companies globally, highlighting trends, compliance, and best practices.
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Additional sustainability services
Contact us
Managing Partner, Customs and International Trade at PwC Worldtrade Management Services, PwC Singapore
Tel: +65 9750 7745
