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PwC Sustainability & Environment

We have a long-held commitment to managing our impact on the environment and supporting environmental sustainability. That is why we’ve made a worldwide science-based commitment to achieve net zero greenhouse gas emissions by 2030.

Climate change is one of the most critical problems facing our planet today. Without convincing global climate action, scientists predict that average temperatures will increase by more than 1.5°C. Beyond this threshold potentially irreversible environmental changes will occur.

We have made a worldwide science-based commitment to achieve net zero greenhouse gas (GHG) emissions by 2030. The commitment includes supporting our clients to reduce their emissions as well as reducing those from our network’s operations and suppliers. 

In particular, we will be driving energy efficiency improvements in our offices and reducing the GHG emissions associated with our business air travel. We’ll also be switching to 100% renewable electricity and, from 2030, investing in innovative carbon removal projects to neutralise our remaining carbon footprint.

We see our role as integral in driving the transition to a low-carbon economy worldwide. We will continue to contribute to public policy developments in support of environmental sustainability.

pwc sustainability

Our commitment to environmental sustainability

We have joined other leading global businesses and committed to the United Nations’ Race To Zero campaign and Business Ambition for 1.5°C. This campaign aims to build momentum around the shift to decarbonisation in the economy. As part of our commitment to environmental sustainability, we will continue our long-standing programme of research and collaboration with businesses, policymakers, NGOs and our communities to accelerate the transition to a net zero economy. 

PwC has made a worldwide science-based commitment to achieve net zero greenhouse gas (GHG) emissions by 2030.

We are committed to the decarbonisation of our operations in line with a 1.5 degree climate scenario. 

We have set targets to achieve, by 2030:

  • A 50% absolute reduction in scope 1 & 2 emissions from 2019 levels
  • A 50% absolute reduction in scope 3 business travel emissions from 2019 levels 

In July 2021, these emissions reduction targets were independently validated by the Science Based Targets initiative (SBTi). We will also continue to drive efficiencies and work towards reducing our broader environmental impacts in other areas of our operations.

Download our Environmental Impact Policy to learn more about how we are minimising the environmental impacts of our operations.

Transitioning to 100% renewable electricity

Accelerating the transition to 100% renewable electricity in our Australian offices by 2022 is another crucial aspect of our commitment. 

In FY21, we purchased 80% of our electricity from renewable sources. This supports our goal of becoming 100% renewable in 2022. 

PwC has been a member of RE100 since 2018. RE100 is a global movement of businesses committed to transition to 100% renewable electricity.

Carbon neutral since 2008

We recognise the importance of actively reducing the climate impact of our own operational footprint. That is why, as we work towards net zero by 2030, to mitigate our impacts today we will continue to offset our emissions through high-quality carbon credits. 

In 2008, we were the first Australian professional services firm to become carbon neutral. We are proud to continue to hold this certification through Climate Active today. 

As part of our certification, we support high-quality carbon reduction projects that not only reduce carbon emissions but also:

  • Support communities
  • Preserve sustainable landscapes
  • Help create renewable markets

Climate Active (formerly the National Carbon Offset Standard) is a partnership between the Australian Government and Australian businesses. It drives voluntary climate action. Learn more about our certification with Climate Active.

As part of our commitment to net zero by 2030, we continue to develop long-term and viable relationships with sustainable and ethical suppliers. Our procurement practices enable us to be fair, responsible and sensitive to the needs of our stakeholders while encouraging suppliers to reduce their own climate impact. 

As a global network, we commit that 50% of our purchased goods and services suppliers (by emissions) will have set their own science-based targets to reduce emissions by 2025. 

To further maintain our commitment to sustainability, we created our Sustainable Supply Chain Management (SSCM) Policy. It outlines the minimum standards our suppliers must maintain when supplying us with goods and/or services, and how we monitor compliance with those standards.

Together with our clients, we have a huge opportunity to accelerate the transition to make a net zero future a reality for all. In Australia, there are currently more than 8,000 of our people supporting our clients across a number of industries.

We support our clients as they develop and implement environmental sustainability and decarbonisation plans. This includes helping them deliver:

  • Corporate, environmental and sustainability strategy
  • Governance and accountability
  • Operating models
  • Innovation
  • Research and development (R&D)
  • Tax strategy and reporting
  • Enterprise and supply chain transformation
  • Green initiatives
  • Deals

In addition, we create transparent reporting on our and our clients' Corporate Social Responsibility (CSR) and Environmental, Social Governance (ESG) progress and targets. ESG and CSR initiatives provide both qualitative and quantitative measurements of a business’ impact on society, the environment and its stakeholders. We also help our clients integrate ESG factors into mainstream corporate disclosures, and other areas such as:

  • People and talent
  • Partnerships and alliances
  • Corporate affairs and regulatory engagement
  • Strategic energy consulting and infrastructure transformation

Learn more about how we are ensuring our clients grow to become organisations of the future.

The PwC Green Team

The Green Team is a network of 300+ partners and staff who are committed to making our firm a cleaner, greener place to work. The Green Team raises awareness of environmental sustainability issues and advocates for behaviour change across the firm.

Green Team members have a number of opportunities to be involved in specific projects that are helping our firm to realise our commitment to achieve net zero by 2030. All of our people are welcome to join the Green Team.

Our environment commitment and First Nations peoples

Healthy environmental ecosystems are of great importance to First Nations populations globally. Our focus on environmental stewardship extends to protecting, respecting and promoting the unique rights, perspectives and profound spiritual connection to land of Aboriginal and Torres Strait Islander peoples.

We provide trusted professional services and advice to government, corporate and community clients on First Nations matters via PwC’s Indigenous Consulting (PIC). PIC is an Indigenous Consulting business which maintains a majority owned, led and staffed Indigenous operation. 

The unique power of our business is the combination of our Indigenous expertise and experience, with our world-leading professional services capability from across the PwC global network.

We also support the Uluru Statement from the Heart. On matters that disproportionately impact Aboriginal and Torres Strait Islander peoples, such as environmental issues, we’re committed to ensuring our response is informed by First Nations Voices.

You can read our Elevate Reconciliation Action Plan here.

Transparent reporting against ESG metrics

In January 2021, we became one of the first organisations to publicly endorse the World Economic Forum's (WEF) Stakeholder Capitalism Metrics. We actively encourage our clients, suppliers and other stakeholders to adopt the metrics for their own reporting. 

As part of our commitment to promoting transparent and comparable reporting, we have started to publish disclosures based on the Stakeholder Capitalism Metrics. Our Firmwide Transparency Report for FY21 measures the impact of our operations across the four pillars of Governance, People, Planet and Prosperity.

Contact us

Liza Maimone

Liza Maimone

Chief Operating Officer and ESG Executive, PwC Australia

Tel: +61 3 8603 2008

Janette O'Neill

Janette O'Neill

Partner, Chief Sustainability Officer, PwC Australia

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