Annual Report 2021/22
Enduring bonds.
Message from the CEO
In the financial year ending 30 June 2022, PwC Switzerland generated gross revenue of 970 million CHF and net revenue of 811 million CHF. In the past year, PwC Switzerland once again has had to deal with a number of challenges. Nevertheless, we recorded gross revenue growth of 8% and net revenue growth of 6% across all our lines of service and industry groupings (excluding divested business as e.g. Global Mobility Services). On behalf of the whole management and operating board, I’d like to thank our clients for creating and strengthening bonds with us and, of course, thanks to all our employees who have done an outstanding job.
Revenues
Tackling challenges extraordinarily well
In the last financial year, the world has changed fundamentally. Despite these challenges, PwC Switzerland was able to increase its net fee revenue to 811 million Swiss francs (970 million Swiss francs gross).
Gross fee revenues by line of service
in CHF million
*Gross revenue excluding divested business grew from CHF 883m to 954m (+8%).
Net fee revenues by line of service
in CHF million
*Net revenue excluding divested business grew from CHF 758m to 800m (+6%).
Gross fee revenues by industry group
in CHF million
*The prior-year figures have been adjusted according to FY22 industry mapping.
People
Over 3,480 people in 15 locations
We continue to provide specific local knowledge and broad experience and expertise, with 15 offices throughout Switzerland and one in the Principality of Liechtenstein, and a diverse workforce of 84 nationalities. As technology transforms every aspect of our lives, we’re focusing on upskilling our people for the digital world of tomorrow so that they can develop and serve the constantly evolving needs of our clients.
For more details of how we support diversity and inclusion, visit our Inclusion and Diversity website.
/ 17%
%
%
Without interns and hourly workers
Awards
Purpose
Creating trust in society and solving important problems
It’s our stated aim to build up trust and help solve the world’s major problems. That means we want to boldly lead by example. This is why we are stepping up our commitment to the environment and to wider society, including NGOs as well as social enterprises and micro-enterprises. We make every effort to continuously develop the skills base of our employees to ensure they can bring about positive change in an environment of rapidly evolving challenges and technological progress.
Community commitment
Our corporate responsibility programmes and partnerships are an opportunity for us to give back to society. By offering free or discounted audit and consulting services for organisations and running corporate volunteering initiatives, we share PwC’s greatest assets - the skills, knowledge, as well as experience of the employees - and help create communities where people and businesses can thrive. We support these activities with donations, including disaster response contributions.
Number of participants in community activities
Total volunteering hours (general and skilled)
Commitment to the environment
PwC has made a worldwide science-based commitment to achieve net zero greenhouse gas (GHG) emissions from a 2019 baseline by 2030. We commit to decarbonise our operations, including our travel footprint. This builds on our previous obligations to cover 100% of our power consumption using renewable energy sources (RE100 from financial year 2022 onwards) which we achieved in financial year 2021 already, and to offset 100% of our emissions from air travel from 2018 onwards. In 2019, we introduced a new garbage and recycling system in our offices which allows us to reduce plastics to a minimum. We calculate, manage and monitor our carbon footprint every year.
By 2030 we will neutralise our remaining climate impact by investing in carbon removal projects. Therefore, we signed a contract with the Swiss technology company Climeworks in FY22 to remove thousands of tons of CO2 from the atmosphere by 2030 on our behalf. We will also engage our suppliers to tackle their climate impact and support our clients to reduce their emissions.
GHG (greenhouse gas) emissions in tCO2e
| Emissions in tCO2e | FY19* (baseline) |
FY20* | FY21* | FY22 |
| Direct emissions** | 309 | 280 | 234 | 203 |
| Indirect emissions*** | 1,312 | 322 | 293 | 290 |
| Other indirect emissions**** | 12,336 | 8,449 | 957 | 3,305 |
| Total | 13,957 | 9,050 | 1,484 | 3,799 |
*In line with our net zero commitment we have enhanced our reporting, extending our data collection and GHG emissions disclosures. Our FY22 disclosure, therefore, includes a rebaselining and recalculation of our previous year emissions due to an expansion of our reporting boundary in line with our Science-Based Targets, set at a network level.
**Direct GHG emissions according to GHG protocol Scope 1: owned or controlled by the firm, for example, emissions from combustion in owned or controlled boilers, furnaces, vehicles, etc.
***GHG emissions according to GHG protocol Scope 2: purchased heat and electricity (market-based).
****GHG emissions according to GHG protocol Scope 3: air travel, commuting, overnight stays, road, train and taxi. We are currently exploring further relevant Scope 3 emissions categories.
Upskilling
We are still in the middle of a digital transformation, which is characterised by bold, forward-looking investments in technology and a focus on providing training for our employees as well as wider society.
Organisation
To live up to our purpose of building trust, we ourselves have to be trusted by our stakeholders, the markets, and the communities in which we operate. A big part of trust is being transparent about how our firm is organised and governed, about the people who have responsibility for our organisation, and about the high standards that all our people are expected to observe.
Management Board 2021/22 PwC Group Switzerland
At the end of the financial year 2021/22, the Management Board of PwC Group Switzerland comprised:
Andreas Staubli
CEO
Alex Astolfi
Leader Assurance
Dieter Wirth
Leader Tax & Legal Services
Gustav Baldinger
Leader Advisory
Julie Fitzgerald
Leader Growth & Markets
Norbert Kühnis
Leader Family Business and SMEs
Board of Directors PricewaterhouseCoopers AG
At the end of the financial year 2021/22, the Board of Directors of PricewaterhouseCoopers AG comprised:
Stefan Räbsamen
Chairman
Andreas Staubli
Delegate
Alex Astolfi
Member
Daniel Ketterer
Member
Heinz Hartmann
Member
Operating Board 2021/22 PricewaterhouseCoopers AG
At the end of the financial year 2021/22, the Operating Board of PricewaterhouseCoopers AG comprised:
Andreas Staubli
CEO
Alex Astolfi
Leader Assurance
Dieter Wirth
Leader Tax & Legal Services
Gustav Baldinger
Leader Advisory
Julie Fitzgerald
Leader Growth & Markets
Heinz Hartmann
COO/CFO
Daniel Ketterer
Leader Quality & Regulatory Affairs
Contact us
Stéphanie Tobler Mucznik
Head of Corporate Communications, PwC Switzerland
Tel: +41 58 792 18 16