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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 Sustainability strategy, our goal is to systematically reduce our own impact on the climate. In September 2020, we announced a network wide commitment to achieve net zero GHG emissions, with near-term science-based targets set for 2030 in line with a 1.5-degree scenario to prevent the worst impacts of climate change, as set out in the Paris Agreement. In July 2021, our near-term emission reduction 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 near-term 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. We continue to counterbalance our emissions through high-quality carbon credits, transitioning our carbon credit portfolio to 100% carbon removals by 2030.
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. 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.
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 to a net zero pathway and have set near-term (2030) science-based targets for reducing our emissions in line with a 1.5-degree climate 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
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.