Alongside the responsibility imperative, net zero is an economic opportunity that drives growth. The challenges we face are complex and urgent, and greater pressure calls for a better approach to environmental, social and governance (ESG) issues. By combining human ingenuity and experience with technology and data, we create both commercial and societal value. This is how we’re moving our clients from ambition to action.
Getting the numbers right is central to how we’ve always worked. We’re applying this same rigour to new challenges: from net zero transformation to sustainability reporting. Our skills, powered by technology, enable you to make data-driven decisions, quickly, and deliver positive change you can prove. This is crucial as we’re reaching a tipping point: being too slow to act will cost organisations more than changing the way they operate.
We are a recognised global leader in sustainability, and have developed a robust, proven process for net zero transformation. We offer the gold-standard in getting numbers right. As the UK’s largest sustainability practice, we have a 15 year heritage and a team that spans the breadth and depth of our organisation. Our global Centre for Nature Positive Business expands our capabilities further, helping clients develop and implement nature positive strategies. By taking this approach to net zero transformation, we unlock future growth to ensure your response to the climate emergency is authentic, informed and aligned with commercial imperatives. The PwC world view goes beyond business; our purpose is to build trust in society and solve important problems.
Sound reporting underpins all aspects of ESG — we’re known as trusted advisors because of our robust numbers. Without this, there is no way of assessing or benchmarking progress. Regulation is increasing and stakeholders require on-demand access to reliable ESG metrics. Those who get ahead with sustainability reporting will be at a business advantage. Whether you need support on TCFD analysis, government regulation, or gender pay gap reporting, we can help. You’ll emerge more responsive to risk and opportunity, more attractive to investors and more trusted within your market.
Organisations need radically different operating models to power a low-carbon economy. Done well, the transition can create huge opportunities. But, without care, it could come at a social and human cost. It’s vital to make sure that the opportunities and benefits of change are shared widely - including factors such as the impact on employment and living wage; ensuring diversity and inclusion; and considering the impact of change further down the supply chain. Drawing on our deep cross-sector experience and using cutting-edge tech solutions, we help you embed improved business practices that also build resilience across society.
It's clear that ESG and the transition to net zero are now transforming industries and directing the flow of both public and private capital. Organisations need to generate returns here and now, but also create sustainable value for the future. This kind of value is much more than financial. It’s about regenerating environments; creating fairer, more equitable societies; and building greater trust between people, businesses, investors and governments. All organisations require a stable planet and society to thrive, so this is crucial. The growth opportunity also lies in the ‘first-mover’ advantage and in efficiencies delivered by the integration of tech.
The strategic imperative to embrace sustainability is clear. Delaying transformation will cost more in the long-run.
Baker Hughes turned to PwC to help develop and implement a business strategy, and assist with risk identification, reporting and operational cost reductions. A carbon out programme has also facilitated 600 projects to realise carbon reduction.
Phoenix Group needed to improve ESG reporting to support climate disclosure, comply with regulations, assess risk and understand the environmental impact of its investment portfolio. This reporting would help the company fully integrate sustainability into its operations, take action on climate risks and make more informed investment decisions.
Supporting Grainger achieve net zero by 2030 and setting science-based reduction targets for emissions, including scope 3 customer and development emissions
Sustainability leaders have a crucial role in tackling ESG challenges and moving their organisations from ambition to action. Progressing from setting sustainability targets to embedding change across multiple functions takes judgement and experience to navigate. Balancing that transformation with commerciality while building trust takes a particularly rare set of human qualities.
ESG Leader, Risk Executive Board member, PwC United Kingdom
Tel: +44 (0)7710 080027
