Climate change is one of the most pressing problems facing our world today. It’s in the interests of everyone that we see systemic change that averts climate catastrophe and unlocks the potential of green growth. At PwC, we believe the business community has a key role to play in making that happen. And we’re determined to actively contribute to the transition to a low-carbon and climate-resilient global economy.
As part of our Corporate Responsibility strategy, our goal is to systematically reduce our own impact on the climate. In September 2020, we have made a science-based commitment to reaching Net Zero greenhouse gas emissions (GHG) worldwide by 2030, in line with a 1.5 degree scenario. In July 2021, our targets were independently validated by the Science Based Targets Initiative (SBTi). At PwC we are aware, that tackling climate change not only requires a long-term strategy but also swift and decisive actions. Our climate targets cover emissions across our whole value chain, including both direct and indirect emissions across scope 1, 2 and 3. Therefore, we decided to reduce our GHG emissions by 50% in absolute terms from 2019 levels. From 2030 onwards we will eliminate the remainder of emission through carbon removal projects.
At PwC Switzerland, we have been calculating, managing and monitoring our carbon footprint since 2015. Over the past seven years, we’ve made great progress in advancing our Net Zero journey.
Since 2021, for example, our electricity needs are covered by renewable sources and we joined the global RE100 initiative.
Furthermore, we are actively participating in the dialogue on effective climate policy in Switzerland, for which we joined swisscleantech’s CEO4climate initiative last year. We have joined the largest public-private coalition to expand the market for high integrity carbon credits and protect tropical forests. And thanks to closing a service contract with the Swiss technology firm Climeworks AG, we will remove thousands of tons of carbon dioxide permanently from the atmosphere in the upcoming years. We continuously strive to further decarbonise the way we operate, to support our client’s Net Zero journey and to ensure that our services accelerate the transition to a green future.
As a founding member of the Net Zero Financial Services Providers Alliance - which means that we‘ll report on how our audit services are consistent with net zero goals - we're excited to help you reach your goals.
If you have questions on how to develop and implement concrete net zero plans and embed ESG across your organization, feel free to contact us. We're excited to help you reach your goals.
Our offset projects help to protect and restore landscapes, support socioeconomic development, invest in renewable markets or remove carbon from the atmosphere
We’ve committed ourselves to reach Net Zero by 2030 (underpinned by a science-based target aligned with a 1.5 degree scenario)
With the help of our partner swisscleantech, we’re developing PwC Switzerland’s Net Zero strategy
In all of our Swiss offices we're using 100% renewable electricity since 2021
We've joined the global RE100 initiative
We are expanding our sustainability reporting
Until 2030 we will reduce our own emissions by 50% compared to 2019
By decarbonising our supply chain, we will further decrease our overall emissions
We will transition to carbon removals by 2030 with a balanced portfolio (LEAF coalition, Climeworks and Natural Capital Partners)
Achieving our SBTi (Science Based Targets initiative) target
From 2030 onwards we will further reduce our emissions and eliminate the remainder of emissions through carbon removal projects.
We are committed to building a more sustainable world. For this, we are focusing on three key areas that have the biggest environmental impact at PwC Switzerland. By systematically reducing our footprint through a variety of measures, we are taking important steps towards a Net Zero future at PwC Switzerland.