PwC commits to achieving net-zero greenhouse gas emissions

PwC commits to achieving net-zero greenhouse gas emissions | Insurance Business

PwC commits to achieving net-zero greenhouse gas emissions

PwC has announced that it is committed to achieving net-zero greenhouse gas (GHG) emissions by 2030, which includes reducing emissions from the PwC network’s operations and suppliers as well as helping its clients to reduce their emissions.

PwC’s net zero goal includes a science-based target aligned with a 1.5°C trajectory and reducing its total GHG emissions by 50% in absolute terms by 2030.

As a result, it promises to decarbonise its operations, including travel footprint, and neutralise its remaining climate impact by investing in carbon-removal projects. It will also address its suppliers’ climate impact.

“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,” said Bob Moritz, the global chairman of the PwC network.

Read more: Melbourne’s insurance businesses to be hard hit by lockdown

In FY20, PwC provided services to 84% of Global Fortune 500 companies and over 100,000 entrepreneurial and private businesses.

As part of its commitment, the PwC network will work with its clients to achieve net zero and continue to contribute to public policy developments in support of net zero at national, regional, and global levels.

“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,” Moritz said.