Annual Report 2024/25
Action that creates momentum
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Message from the CEO
We’re in the midst of a digital revolution—an accelerated, transformative moment reshaping industries through AI, automation, and digital innovation. This unfolds amid market uncertainty, marked by rising tariffs, unstable supply chains, and geopolitical tensions.
This year, I’m pleased that we at PwC Switzerland have acted decisively – adopting at pace, using and developing the right technology, and delivering high-quality solutions. Our people have enabled our clients to lead with clarity and confidence so that they can navigate in this complex environment and succeed.
Thank you to our dedicated people for making this possible and to our clients for your continued trust and partnership.
Gustav Baldinger
CEO PwC Switzerland
“In times of uncertainty, decisive action creates clarity. When we adapt at pace and use the right technology, we don't just navigate complexity—we turn it into competitive advantage.”
Revenue
Gross fee revenues by Line of Service
in CHF million
Net revenue by Line of Service*
in CHF million
** includes revenue of divested fiduciary service amounting to CHF 1.5m (annualised)
Gross fee revenues by industry group
in CHF million
People
3,613 people in 14 locations
We know your markets inside out. Our 14 offices across Switzerland and Liechtenstein give us deep local insight, while our people bring global expertise to every partnership.
That expertise comes from our diversity—our workforce includes people from 88 countries. This global perspective drives fresh thinking in everything we do.
Knowledge alone isn't enough in today's world. Technology is transforming business at pace, so we're empowering our people with cutting-edge digital skills. We anticipate what you need next and deliver solutions that work so you can stay ahead of change.
Inclusion and diversity
Discover your new career
Awards
Purpose
Building trust, driving progress
We believe business plays a crucial role in enabling sustainability and solving important challenges. That's why we're determined to accelerate the transition to a low-carbon economy whilst supporting wider society, including social and micro-enterprises.
We continuously evolve our business model, processes and habits to enhance sustainability. We invest in our people's skills and awareness so they can bring about positive change — whether supporting communities or charitable organisations.
Our corporate responsibility programmes share PwC's greatest assets—the skills, knowledge and experience of our people—helping create communities where people and businesses thrive. Through pro bono and discounted services, corporate volunteering, donations and skilled engagements, we're putting together the right resources at the right time so you can power opportunity and build a sustainable future.
Our impact on society
Number of beneficiaries* reached
Number of participants in community activities
Total volunteering hours*
(general and skilled)
Cash and 'in kind'* donations
(in CHF)
Upskilling hours
Leading the path to net zero
We‘re committed to a net zero by 2050 pathway with near-term science-based targets validated by the SBTi: 50% reduction in scope 1, 2 and business travel emissions by FY30. We’ve already achieved 100% renewable electricity consumption since 2021.
We calculate, manage and monitor our carbon footprint annually. Today, we're offsetting emissions through high-quality carbon credits, transitioning to 100% carbon removals from FY30. We engage with key suppliers and support our clients so they can accelerate their decarbonisation journey.
Our environmental engagement
GHG (greenhouse gas) emissions in tCO2e*
| Emissions | FY19 (baseline) |
FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
| Direct emissions** | 206 | 164 | 115 | 87 | 82 | 90 | 82 |
| Indirect emissions (market based)*** | 222 | 138 | 86 | 79 | 57 | 49 | 61 |
| Other indirect emissions**** | 11,784 | 8,560 | 1,008 | 3,999 | 5,042 | 5,164 | 5,345 |
| Total (market based) | 12,212 | 8,862 | 1,209 | 4,165 | 5,181 | 5,303 | 5,488 |
| Indirect emissions (location based)*** | 222 | 192 | 195 | 191 | 157 | 142 | 150 |
** 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. Scope 2 emissions have been recalculated using IEA country-level factors, since their data pool has significantly improved. Previously, we used the Defra (UK-only) heating factor as a proxy. Our reported Scope 2 values therefore differ from previous reports.
**** 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.
Organisation
Building trust starts with earning it. We're committed to transparency in how we're organised and governed, in the people who lead our firm, and in the high standards we uphold every day.
Our stakeholders, markets, and communities rely on us to be candid and clear. That's why we share openly—because transparency builds the foundation for lasting partnerships so you can have confidence in everything we do.
Our organisation
Management Board 2024/25 PwC Group Switzerland
At the end of the financial year 2024/25, the Management Board of PwC Group Switzerland comprised:
Gustav Baldinger
CEO
Andrin Bernet
Leader Assurance
Dieter Wirth
Leader Tax & Legal Services
Dominik Hotz
Leader Advisory
Julie Fitzgerald
Leader Growth & Markets
Norbert Kühnis
Leader Family Business & SMEs
Board of Directors 2024/25 PricewaterhouseCoopers AG
At the end of the financial year 2024/25, the Board of Directors of PricewaterhouseCoopers AG comprised:
Sebastian di Paola
Chairman
Gustav Baldinger
Delegate
Andrin Bernet
Member
Sandra Böhm
Member
Claudia Benz
Member
Operating Board 2024/25 PricewaterhouseCoopers AG
At the end of the financial year 2024/25, the Operating Board of PricewaterhouseCoopers AG comprised:
Gustav Baldinger
CEO
Andrin Bernet
Leader Assurance
Dieter Wirth
Leader Tax & Legal Services
Dominik Hotz
Leader Advisory
Julie Fitzgerald
Leader Growth & Markets
Sandra Böhm
COO/CFO
Claudia Benz
Leader Quality & Regulatory Affairs
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Stéphanie Tobler