Our Executive Board has overall responsibility for establishing systems to control risk and for reviewing and measuring their effectiveness. Senior management has the day-to-day responsibility for implementing and monitoring the systems. They are designed to identify and manage the most material risks for our business, and are implemented by our Risk Council, our lines of service, our risk and quality teams across our business, and our Internal Audit team. We publish our principal business risks in our Annual Report each year.
Sustainability risks are managed though same risk framework and processes. Our main sustainability risk relates to our reputation. Our clients and other stakeholders expect us to operate responsibly in the work that we do and the way we run our business. This also represents an opportunity for us through the chance to innovate and differentiate ourselves. Our Sustainability and Climate Change practice helps clients to address their wider impacts, so we aim to ‘walk the talk’, adopting best practice in our own operations, and make our case studies and lessons learned publically available to stakeholders.
The risks and opportunities for each of our key focus areas are set out in the corresponding pages of this website, where relevant, together with the information about our programmes in each area. We’ve also published our first response to the recommendations of the Task Force on Climate-related Financial Disclosure for our UK business, and plan to keep this under review.
Chief Sustainability Officer, PwC United Kingdom