PwC is making 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 the PwC network’s operations and suppliers.
PwC commits to decarbonise its operations, including its travel footprint, and neutralise its remaining climate impact by investing in carbon removal projects. It will also engage its suppliers to tackle their climate impact.
The PwC network (“the network”) will work with its clients to support their efforts to make a net zero future a reality for all. In FY20 (July 2019-June 2020), PwC firms provided services to 84% of the Global Fortune 500 companies and more than 100,000 entrepreneurial and private businesses. It is this position that will allow PwC to play an integral role in driving the transition to a low-carbon economy worldwide.
To support these efforts, the network will continue to contribute to public policy developments in support of net zero at national, regional and global levels.
Bob Moritz, Global Chairman of the PwC network, said: “Businesses and economies must evolve quickly to address the significant challenges facing our societies and our planet. Whether you look at this through the lens of human need or from a capital allocation perspective, it is in the interests of everyone that we see systemic change that averts climate catastrophe and unlocks the potential of green growth.”
“A net zero world is within reach. Getting there will take innovation, hard work, collaboration and bold thinking but the benefits will be immense. The business community has a responsibility to act and we are determined to play our part, not just in our own operations and supply chain, but also in the way we advise and support our clients to create a sustainable world for future generations.”
Raising our ambition further, faster
The network’s net zero goal includes a science based target aligned with a 1.5°C trajectory. PwC commits to reducing its total greenhouse gas emissions by 50% in absolute terms by 2030. This includes a switch to 100% renewable electricity in all territories, as well as energy efficiency improvements in our offices and halving the emissions associated with business travel and accommodation within a decade. Emissions associated with flights alone currently represent around 85% of the network’s total carbon footprint. The COVID-19 pandemic has accelerated the shift to remote working and demonstrated the feasibility of new client service models, as part of a longer-term transformation of PwC’s services.
PwC will also invest in carbon removal projects, including natural climate solutions. For every remaining tonne (CO2 equivalent) that it emits, PwC will remove a tonne of carbon dioxide from the atmosphere to achieve net zero climate impact by 2030. Our projects will be selected on the basis of quality criteria and verification of carbon reduction impact, and will also support broader local economic and social development co-benefits.
Working with our clients to accelerate net zero transformation
To address the climate challenge, a radical transformation is needed in every sector of the global economy and all parts of the world.
With global reach across 157 countries, industry coverage, and its 284,000 people that support clients at every stage – from reshaping strategy and transformation, to deals, reporting, audit, and tax – the PwC network has a huge opportunity to accelerate the transition to a net zero future in collaboration with its clients.
The network supports organisations as they develop and implement concrete plans for how to get to net zero. This includes re-alignment of corporate strategy, people and talent, governance and accountability, operating model, innovation and research and development (R&D), tax strategy and reporting, and enterprise and supply chain transformation. Other areas include partnerships and alliances, and corporate affairs and regulatory engagement.
Building on existing client work in sustainability and net zero transformation, PwC will infuse science-led climate analysis into its areas of service. For example, its Advisory practice is integrating climate risks into relevant engagements, providing clients with insights about climate risks and opportunities as well as helping them to transform their business processes. Another major focus area will be integrating climate-related and other ESG-related factors into mainstream corporate disclosures and governance, where PwC’s Assurance practice will support the development of high-quality, aligned disclosure and measurement standards and help clients embed these into their reporting and governance. Across its Tax practice, PwC will be helping clients understand how net zero transformation will impact tax strategy, transparency and compliance obligations, subsidy and incentive opportunities, and revenue impacts for both public and private sector organisations.
To further scale its capabilities to support clients in these areas, PwC has appointed Peter Gassmann to lead its new global Environmental, Social and Governance practice. In addition, Nadja Picard has been appointed as PwC’s new Global Reporting Leader to drive the network’s support for clients to incorporate non-financial disclosures in their corporate reporting.
Helping shape and accelerate the global climate and policy agenda
PwC supports reform that puts the needs of stakeholders at the heart of the market economy and connects goals, actions and outcomes into desired social and economic results that fuel long-term sustainability. Supporting the net zero transition is a key part of this process.
As stakeholder expectations rise, organisations increasingly need to report on their environmental and social impacts and demonstrate progress. As a result, there is a greater need for consistent, comparable ESG standards so investors and other stakeholders can clearly see how businesses are creating long-term value for the organisation and society. PwC is supportive of global efforts to develop transparent and robust ESG reporting frameworks and standards, including through work with the World Economic Forum International Business Council, the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), the International Integrated Reporting Council (IIRC), the Global Reporting Initiative (GRI), and the Sustainability Accounting Standards Board (SASB), amongst others.
PwC will also contribute to broader understanding of how to achieve net zero. PwC will shortly be launching a practical guide, “Building Blocks for Net Zero Business Transformation” aimed at business executives to help companies of all sectors and sizes move from net zero pledges to wholescale business transformation. The research has been produced in association with Microsoft, who PwC advises on net zero transformation, as a contribution to the recently launched CEO-led Transform to Zero initiative.
Further details of the network’s plans to achieve the 2030 net zero ambition, support clients and suppliers and advance the global climate debate will be shared over the coming months.
Bob Moritz added: “An important lesson of COVID-19 is that people can find ways to do the impossible when they have to, and we are taking some of that spirit into our efforts to tackle the global climate crisis. The changes we need to make will not be easy, but are nothing compared to the harm that runaway climate change would inflict on society. We are excited about working together, with clients, with partners and all of our stakeholders, to achieve our goals and play our part to support global efforts to help address the impacts of climate change for a more sustainable and fairer world.”
Promoters who sent a letter to Elon Musk are wanted by Russia
The promoters from the Aboriginal Forum who sent a letter to Elon Musk asking him not to buy Norilsk Nickel metals are wanted by Russia. Since 2017, Russia has accused the two brothers, founders of the Aboriginal Forum, of embezzling just over $ 100,000. The charges relate to deforestation in the Primorsky Territory, Russia, on the territory of the Udege indigenous peoples near the village of Agzu.
Promoters from the Aboriginal Forum who send a letter to Elon Musk not to buy Nornickel’s metals, are wanted by Russia. Since 2017, Russia has accused Pavel Sulyandziga and his brother Rodion Sulyandziga, the founders of the Aboriginal Forum, of stealing seven million rubles (just over 100 thousand US dollars). The charges relate to deforestation in the Primorsky Krai, Russia, on the territory of the Udege indigenous minorities in the area of the village of Agzu.
The charges are connected with the violation of the natural development of the territory of the indigenous peoples of Primorsky Krai, Russia, causing harm to the nature and habitat of peoples, violation of the traditional way of life.
The charges were brought forward by the Russian authorities in 2017. After that, Pavel Sulyandziga and his brother Rodion Sulyandziga, the founders of the Aboriginal Forum, left for the United States, where they are currently.
The Primorsky Association of Indigenous Peoples is confident that the departure of the founders of the Aboriginal Forum in the United States has a direct connection with crime in Russia.
Residents of Agzu village are sure that the brothers deceived them.
Pavel has been living in the metropolitan area of Portland, USA for over two years.
Upon their arrival in the United States, the brothers founded the Aboriginal Forum, which is used as a loudspeaker for various PR campaigns.
Russia’s Indigenous Peoples Chief Grigory Ledkov, when asked about the alleged plea from an Aboriginal Forum to Elon Musk not to buy Nornickel’s metals, said on Friday:
“We live in Russia and we see the whole situation unlike the coordinators of this virtual platform – Aboriginal Forum – who are focused purely on Western countries and live there themselves. Let’s go to the Tundra! Come to Russia! Let’s work together!”
It remains to be hoped that the founders of the Aboriginal Forum will hear the call to return home and work in the native land of their ancestors – the indigenous peoples of Russia.
How environmental policy can drive gender equality
Environmental degradation has gendered impacts which need to be properly assessed and monitored to understand and adopt gender-responsive strategies and policies. While designing these, it is essential that measures targeting gender equality and women’s empowerment are adequately formulated and mainstreamed.
To facilitate experience sharing and learning from good practices, on the 9th of September, the UNECE hosted a webinar on Gender Mainstreaming in Environmental Policies and Strategies. Ms. Astrid Krumwiede, head of the unit in charge of the development and application of gender aspects in environmental policy in the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, shared experiences from Germany, which considers gender equality to be a cross cutting issue for all areas of environmental policy. On the national level, the Ministry for the Environment has sought to integrate gender equality in various ways, such as through dialogues, meetings, guidelines, education and policies. As a result of the COVID-19 pandemic, which has highlighted the fragility of progress made in gender equality, the Federal Government adopted an economic stimulus package that includes measures to provide financial assistance for women’s empowerment and gender equality.
Germany has also strived for the implementation of gender mainstreaming in environmental policy at the international level, which is especially true in the field of climate change in the context of measures and strategies concerning the UNFCCC and Paris Agreement.
Despite progress made, there are still some long-standing barriers to implementing gender mainstreaming. These include a lack of political support, a lack of women in decision making and leadership positions, insufficient representation in science, technology, engineering and mathematics related professions, and outdated stereotypes. Moving forward, capacity building and equality impact assessment trainings need to be gender responsive so that suitable incentives are provided which enable women to participate. Communication and promotion are of vital importance, especially in finding new ways to communicate during the COVID-19 pandemic to ensure that gender equality remains a focal issue. Incorporating an intersectional approach to gender equality in environmental policy is also essential, since ignoring this in policymaking can create a system that creates and reinforces different forms of discrimination.
Looking to the future, in the words of Ms. Astrid Krumwiede, “it is time for tailor made environmental policies which reflect different needs and requirements for different people”.
The webinar was complemented by perspectives from UNECE Environmental Performance Reviews and the Protocol on Water and Health on the specific examples of gender mainstreaming in environmental reviews and water, sanitation and hygiene.
Climate Heat Maps Show How Hot It Could Get for Today’s Tweens
Climate-related impacts such as the wildfires in the western United States will only become more severe if we allow the worst-case scenario to unfold by 2100. A new EarthTime visualization shows just how hot the world may become in 2100, within the life expectancy of today’s tween, 10-12-year olds.
The findings, announced at the fourth World Economic Forum Sustainable Development Impact Summit, place even more urgency on business and government leaders to fast-track solutions and act now to prevent such a scenario unfolding.
Experts attempting to rank the severity of climate change scenarios likely to play out by the year 2100 refer to the worst of them as “RCP 8.5.” This entails more than 4°C in warming above pre-industrial levels, rising emissions, hundreds of millions of people being forced to migrate, and a big increase in forested area prone to the type of fires that have raged this summer (due to a phenomenon dubbed the “moisture deficit”).
The data model shows that by 2100:
Average June-August temperatures reach 38°C (100.4°F) for many parts of the world
New Delhi, India, has eight months a year with temperatures averaging 32ºC (89.6°F) up from six
Phoenix, Arizona, has nearly 200 days a year of temperatures hitting at least 32ºC (89.6°F)
Regions of southern Europe average June-August temperatures of 30°C (86°F)
Viet Nam, Cambodia, Malaysia and Indonesia’s June-August temperatures average more than 30°C (86°F)
Miami and Fort Lauderdale, Florida, disappear under water due to rising sea levels
“Longer-term trends can often seem abstract and intangible,” said Stephan Mergenthaler, Head of Strategic Intelligence at the World Economic Forum. “Visualizing the effects of these trends, based on the latest scientific data, can help people take action and work towards shared goals.”
Experts agree that the worst impacts of climate change can be avoided if we limit global warming to below 2ºC above pre-industrial levels. Effective climate policies, fighting efforts to discredit legitimate science, removing carbon dioxide from the atmosphere or offsetting it by planting new forests, and upgrading transportation and energy systems can all be part of the equation.
“To speed up the delivery of the Sustainable Development Goals and create change, we need to get as many people involved as possible,” said John Dutton, Head of UpLink at the World Economic Forum. “Anyone can make an impact. We have seen the next generation of change-markers and social entrepreneurs stand up and create action plans on the UpLink platform to make sure we don’t see this visualization come true. Connecting these ideas to funding sources, scaling up impact and creating a community of support will help us address the critical opportunities ahead for this generation.”
Innovative projects on the UpLink platform include how to reduce emissions by buying and selling unused shipping container space, how to use waste management and data analytics to reduce plastic in the ocean, and how to create packaging made from sustainably farmed seaweed. Projects allow start-ups to flag what they need to succeed and connect them with software developers, funders, or resources to deliver impact.
80 EarthTime Stories
The climate visualization is one of nearly 80 EarthTime stories that have so far been published alongside hundreds of related topics on the Forum’s Strategic Intelligence platform. They cover a broad range of issues including environmental protection, technology development, intellectual property trends and systemic racism. These visualizations are intended to help illustrate important global trends and dynamics in an easy-to-understand, readily accessible way.
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