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There is more to corporate responsibility than compliance…

Corporate responsibility and commitment to sustainable development are becoming increasingly important to our clients in both the public and private sector, as concerns over global issues such as climate change, energy security and human rights move to the top of their boardroom agenda.


Why this matters to PwC

Our work with clients is our greatest opportunity to make a real and positive difference in society. Increasingly, our clients are facing challenges around sustainable development including climate change, energy security, waste management and ethics in the supply chain. If we are to take our responsibilities to clients and society seriously, we must ensure that we embed sustainability thinking into the advice we provide.

We also know that our people want to make a real difference for clients and society. So providing you with opportunities to work on sustainable development issues is important in building staff motivation, enhancing our employee brand and creating the leaders of tomorrow.

'If you cannot understand how you can help deliver the
Government's sustainability objectives, then don't bother to bid.'
Sir Ian Andrews, Chairman of Sustainable Procurement and Operations Board


What we do

We work with many clients who require sustainability advice. Recent examples include a review of social, environmental and ethical risk management in corporate banking for the Bank of Scotland Corporate and our partnership with the sustainability think tank, Forum for the Future, to develop an assurance framework for the Commission for a Sustainable London 2012. The Commission plans to use the framework as a means of independently assessing progress toward the sustainable development objectives of the London 2012 Olympic and Paralympic Games.

'PwC have been instrumental in helping our business formalise the way we assess, manage and report social and environmental risks. Their support
has enabled us to take significant steps forward in our
Corporate Responsibility agenda.'
Peter Cummings, CEO, Bank of Scotland Corporate


We are also working with industry groups or even wider coalitions that have come together to address sustainability and corporate responsibility challenges. One example of these is the Council for Responsible Jewellery Practices (CRJP).

In 2005, PwC assisted a group of 14 organisations to form the CRJP. We acted as the CRJP Secretariat as well as leading the development of Principles and a Code of Practices.

As a firm we are increasingly involved with the new generation of businesses – including wind farms and the wider renewable energy sector – springing up to tackle issues such as waste and climate change. We are advising either the procuring authority or one of the bidders on 60% of major municipal PFI/PPP waste management deals currently in procurement in the UK.

However, this work is just one part of our involvement in advising on sustainable development since it is now relevant to every one of our clients in some way. 'Mainstream' projects increasingly need to address sustainable development issues, and effective service delivery requires a blend of business skills and specialist knowledge in areas such as environmental management, health and safety, human rights and development issues. We have a sustainability network of over 400 practitioners in more than 40 countries to help us achieve this balance on a global basis. For example, teams in Delhi and London worked together this year to advise SRF Ltd, a leading diversified industrial group in India, on the structuring, marketing and sale of carbon credits generated through a large industrial emissions abatement project under the framework of the UN Clean Development Mechanism.

In response to the growing importance of sustainable development we created a new Sustainability Forum in early 2006 to share our skills, experience and services more effectively across the firm. The Forum has developed a business plan that will increase the focus on sustainable development and corporate responsibility in our UK client work.

81%
surveyed in PwC's recent Global CEO survey said that their company's
development programme focuses increasingly on equipping leaders
to take a role in creating a sustainable business environment.

Delivery on the plan will help us meet our clients' growing need for advisory and tax professionals who understand and know how to respond to sustainability challenges such as achieving carbon neutrality. It will also help us respond to the growing demand from clients keen to enhance their governance and assurance over sustainability related policies and processes. And in the public sector, where sustainability has become a central platform of service delivery, we will focus on supporting the overall sustainability strategy, and advising on policy, economic regeneration, sustainable communities and transport economics.


Where next


Our key challenge is to create a firm wide mindset focused on sustainable development and corporate responsibility. If we tackle this challenge successfully, we will achieve our ambition – which is to become the leading provider of professional services that support sustainable development both in businesses and public sector institutions. We aim to do this by further developing our specialist skills in areas such as climate change, energy, clean technology and waste management; by integrating our specialist sustainability professionals ever more closely into our service delivery teams; and by increasing the awareness and understanding of all our partners and staff by putting in place new sustainable development programmes.

Our plans

Work more closely with our clients on our respective footprints – identifying ways to collaborate or share ideas.
 
Continue to invest with clients in industry-wide forums addressing sustainability issues – such as our work with project FORGE in developing guidance on the implications of climate change for the financial services sector.
Consolidate and strengthen our client-service sustainability resources – providing strong leadership from the very top of the firm and continuing to invest in people.
 
Sustain and build our firm-wide Sustainability Forum – providing it with central investment support.
Develop a sustainability and corporate responsibility mindset in our client work – through investing in awareness raising and development programmes focused on sustainable development, corporate responsibility and ethics.

 

What you can do

Talk to your colleagues and client contacts to share ideas, such as identifying ways we can reduce the carbon footprint associated with our service delivery.
Learn more about PwC's work with clients and industry forums on sustainable development and corporate responsibility. Use this knowledge to inform your thinking about how these issues affect your clients.
 
Familiarise yourself with our network of key sustainability contacts and the work we do with clients.
(See www.pwc.co.uk/sustainabilityservices).
Attend Sustainability Forum events and build your network of PwC sustainability contacts.
 
Keep yourself up to speed with the issues, consider their relevance to your clients and discuss them with colleagues and client contacts. Keep an eye on our website / portal.

Sign up for relevant development programmes (see Culture and Ethics section).

 

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