Message from Romina Soler and Norbert Vella
As PwC, we strongly believe in sustainability and the need to do better in this sphere. We continually strive to tackle the challenges we face, not only locally, but also as a global network, be they environmental or social in nature.
As part of our commitment to build trust and sustained outcomes, we have made a worldwide commitment to reach Net Zero Greenhouse Gas Emissions with 2030 goals. The network's targets were independently validated by the Science-Based Targets Initiative (SBTi), in line with the pathway to limit global warming to 1.5 degrees.
Our commitment, you could say, is threefold. Firstly, focusing on our own operations. This involves a number of initiatives, including reducing our emissions from purchased electricity by investing in the renovation of our offices, transitioning to 100% renewable electricity as of Financial Year 2025, and aiming to contain our business travel emissions.
Secondly, as a network, we are closely reviewing our supply chain with a target commitment to source 50% of purchased goods and services (by emissions) from suppliers that have set their own science-based target, by FY25.
Lastly but certainly not least, we are helping our clients transition to a more sustainable future. The journey to net zero is challenging, but together we believe we can make a difference.
Romina Soler
Net Zero Leader
In taking action on our commitment, we have been supporting a number of clients on their sustainability journey.
Today's corporate landscape is changing, and sustainability is quickly becoming an integral part of both the strategic and reporting agenda. As a result, we have been helping clients prepare for what we believe will be a major shift in the way organisations do business.
With fast-approaching sustainability reporting deadlines applicable from 2024, we have been working with Malta’s largest companies to report on their material impacts, risks, and opportunities. More specifically, we have been assisting them in implementing tools, processes and controls to ensure robust reporting foundations are in place for years to come.
Our support includes consulting on strategic decisions and, at a more granular level, developing implementation plans, quantifying key metrics (including emissions), and determining the most pragmatic actions to approach the sustainability journey. Additionally, we have been helping clients navigate the tax implications associated with sustainability regulations and avail of grants and funds to support their sustainability transition.
We have also been supporting various government entities as they enact policy initiatives. With this backdrop, it is inevitable for us to upskill our people in these areas. We have therefore invested heavily in expanding our pool of experts to ensure the quality of our service.
In parallel, we have been gearing up for the assurance of sustainability information by preparing our audit practice for external assurance.
A lot is already happening, and this is just the beginning.
Norbert Vella
ESG Leader
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