KUALA LUMPUR, 18 June 2014 - PwC Malaysia has just published its 2013 Corporate Responsibility (CR) report “We’re part of it: Creating value through responsible business”. This report is the first in Malaysia to adopt the new G4 Sustainability Reporting Guidelines according to the Global Reporting Initiative’s (GRI) database.
The CR report highlights how PwC Malaysia creates value for its clients, people and community, reflecting its CR initiatives and achievements over the past year and aspirations for growth and sustainability for its beneficiaries.
The new G4 guidelines enable organisations who measure and report their sustainability performance to produce more focused reporting (issues that matter to the business from a strategic viewpoint) rather than going through a checklist of standard indicators.
As a firm with more than 100 years of history in Malaysia, employing more than 2,000 employees, PwC Malaysia has a vested interest to be transparent about its activities and investments, and how they impact its stakeholders, both internal (the employees) and external (e.g. their customers, investors, regulators, and the community). The G4 guidelines enabled PwC Malaysia to describe in detail the steps taken to identify the issues which qualify as material information (the issues to be prioritised based on how much they are impacted by PwC’s activities) in relation to the varied interests of its multiple stakeholders.
The adoption of these guidelines is a critical part of PwC Malaysia’s Sustainability & Climate Change team’s ongoing efforts to provide integrated services that link sustainability to business value.
Andrew WK Chan, Sustainability & Climate Change Leader for PwC’s South East Asian Consulting services said, “As a trusted business advisor to our clients, it’s necessary for us to walk the talk. The case is clear. We’d be hard pressed to champion sustainability among our clients if we ourselves do not embed sustainability in a strategic manner across our business. We’re on a journey to create shared value for our stakeholders and are putting in place the right frameworks to help us focus our efforts to maximise impact. There are no short cuts to doing this”.
Chin Suit Fang, Markets Leader and Diversity Leader at PwC Malaysia said, “We’re always looking for new ways to energise and encourage our people to embrace corporate responsibility as PwC professionals. We can’t afford to compete exclusively on our services and expertise. Instead, we need to think about how we can be a better corporate citizen in the way we interact with our multiple stakeholders, and how we can use our diversity in ideas, talents and experiences to contribute meaningful results to PwC’s growth”.
The CR report highlights what matters most to PwC Malaysia’s stakeholders, its CR activities and issues of greatest concern to the firm over the past year.
The challenge for PwC Malaysia is to continually ensure that the results of its programmes are sustainable, measurable and relevant to its stakeholders while meeting its business objectives.
ENDS
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GRI is a non-profit organisation that works towards a sustainable global economy by providing sustainability reporting guidance. It pioneered and developed a comprehensive Sustainability Reporting Framework that is widely used around the world and has enabled organisations to measure and report their economic, environmental, social and governance performance – the four key areas of sustainability. For more information, visit www.globalreporting.org
Globally, we have a sustainability practice of over 700 people in over 60 countries providing expert assistance and advice to governments and the private sector around the world. Our services include sustainability strategy & economics, climate change & carbon management, assurance and reporting, tax and the regulatory environment, governance risk & compliance, supply chain & operations, and health & safety. PwC Malaysia, PwC Thailand and PwC Indonesia are GRI’s Certified Training Partner since June 2011. For more information, visit http://www.pwc.com/my/sustainability
PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 184,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
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