At PwC Channel Islands, we are proud of our environmental standards. We have been carbon neutral across our operations and business travel since 2007 and we have been ISO 14001 accredited since 2010. We work in conjunction with the UK firm in this regard and are internally reviewed on an annual basis to ensure we maintain the appropriate standards.
We remain conscious of our direct impact on our environment and have introduced a number of environmental initiatives that have become part of our day-to-day way of working. These include bin-less desk areas, smart printing, kettle-free kitchens, energy efficient bulbs throughout our buildings, all of which contribute to the success of our environmental programme.
We are also accredited as an Eco-Active Business Leader within the Channel Islands, which further recognises our commitment to environmental sustainability in our offices.
Our Focus
Net Zero
In 2020, PwC Channel Islands joined the global PwC worldwide science based commitment to achieve net zero greenhouse gas (GHG) emissions with 2030 goals.
This near-term science based target is to reduce absolute emissions by 50% against a 2019 baseline, which is aligned to a 1.5 degree global temperature rise scenario.
This means that, here in the Channel Islands, we’re working to:
- Reduce scope 1 and 2 absolute emissions, and absolute business travel emissions, by 50% from a 2019 base by 2030. We also purchase 100% renewable electricity.
- Ensure 50% of our purchased goods and services’ suppliers have set science-based targets to reduce their own climate impact by 2025
- Transition our carbon credit portfolio to 100% carbon removals by 2030.
To meet these targets locally, we've established specific metrics and goals for our staff, suppliers, and other stakeholders:
- Our staff have an annual performance objective to support our sustainability strategy, which is backed by mandatory training.
- We've allocated business travel carbon budgets for each line of service and created a dashboard to empower our employees to track their emissions. Additionally, we've set individual carbon budgets for top travellers.
- So far, 30% of our suppliers have either set or are working on setting science-based targets, and we will continue to encourage others to do the same
Task Force for Climate-related Financial Disclosures (TCFD)
We support our clients to identify and address the strategic risks and opportunities posed by climate change. We also lead by example by doing so ourselves. As a subsidiary of the UK firm, PwC UK reports our progress annually in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.
Task Force for Nature-related Financial Disclosures (TNFD)
We can’t solve for climate without solving for nature, and vice versa. The TNFD is a risk management and disclosure framework for organisations to report and act on evolving nature-related risks, with the ultimate aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
As an inaugural TNFD Early Adopter, PwC is proud that we will start making disclosures aligned with the TNFD recommendations in our corporate reporting. We are playing our part in this effort locally here in the Channel Islands. We believe the TNFD recommendations and guidance will support us in identifying and assessing our nature-related dependencies, impacts, risks and opportunities.
Learn more about PwC’s TNFD work and our Centre for Nature Positive Business.
Sustainable at Heart Award
Our firm has grown in size and in scale in the past few years and we envisage further evolution in the coming years. We are decoupling business growth from greenhouse gas emissions and will continue to champion the sustainability agenda.
We're passionate advocates for the opportunity and responsibility the Channel Islands have to finance the transition to a more sustainable future. We were delighted to be recognised in a new “Sustainable at Heart” category at the 2023 Jersey Finance Sustainable Finance Awards. This award honours businesses who put sustainability and the environment at the heart of everything they do and underscores our continued commitment to net zero and the work we continue to do with the business community and our diverse stakeholders.
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