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The time for talk is over
The new ESG focus and increased use of environmental taxes will impact companies’ pricing and margins. A clear assessment of this impact will not only allow you to adapt your strategy but also to identify funding opportunities. Environmental taxes are usually not on the radar of the tax function. But the increasing number of tax audits in this respect will likely lead to the tax function becoming responsible for the management of these taxes. Same goes for the people – social and governance components. We help you turn your company’s tax function into an informed discussion partner for your management and other business units in charge of ESG.
Tackle your key Tax and Legal ESG challenges
Regulatory changes
As governments around the world increasingly using environmental taxes and carbon pricing to change the behavior of companies we must assess their impact to evaluate the strategies, risk and business model. In addition, to finance their transition toward a greener future companies can and should identify tax credits, incentives and funding's that there are eligible to.
Transparency and reporting
Acting responsibly is no longer a choice – it's a business imperative. Governments, consumers, investors, employees, and society at large are demanding transparency from companies on how they address ESG issues and policies. The tax transparency reporting and strategy continues to evolve. Companies must define their approach to tax transparency and coordinate it with their broader sustainability strategy.
ESG Data collection and monitoring
Environmental taxes are usually not on the radar of the tax function. But the increasing number of tax audits in this respect will likely lead to the tax function becoming responsible for the management of these taxes. Consequently, to tackle this obligation tax functions will have to insure that they have access to the required data. To insure proper reporting they must have in place: high quality data, clear processes and control.
ESG strategy
When designing the company ESG strategy the tax function is usually not initially involved. However the increasing importance of environmental taxes, carbon pricing and their impact on the price of the product and margin will likely transform the tax function to a key player of the ESG strategy, value chain and business model discussion. Tax function should see ESG as an opportunity to transform and become an effective business partner to management and operations.
How PwC can help you to tackle your key Tax and Legal ESG challenges
With our broad experience and manifold services, we can ideally support you in your ESG transformation. PwC offers you a tailor-made service and product package.
All about ESG and tax
- ESG tax readiness assessment
- Environmental tax
- Green tax database and incentives navigator
- Green tax modelling tool
- Company selfie
- Tax transparency strategy
- Tax transparency report
- Total tax contribution
- Patent box and R&D super deduction
We help you on your journey towards a sustainable global strategy
- Ensuring indirect taxes, and customs and global trade as an ESG metric.
- Expanding current disclosure processes, systems and controls to include indirect taxes, and customs and trade compliance.
- Indirect taxes, and customs and trade compliance optimisation.
- Determining the right format for indirect taxes, and customs and trade compliance information.
We help you meet all regulatory requirements
- Regulatory gap analysis and ESG transformation
- ESG rating methodology
- ESG risk management and control framework
- ESG for commodity traders
- ESG in loan origination
- ESG data governance and provider analysis
- Regulatory radar for non-FS clients
- EU taxonomy and SFDR portfolio assessment
- ESG contracting
- Foundations with ESG flags
Don't forget your people on your ESG tranformation journey
- Diversity and inclusion consulting
- Equal-salary certification
- Compensation framework
- New world. New skills.
ESG is here to stay. But in terms of green taxation there is no international harmonisation yet. A holistic overview of the environmental taxes your company might be exposed to enables you to make informed decisions and optimise your activities.
Would you like to learn more about our ESG services in tax and legal?
https://pages.pwc.ch/core-contact-page?form_id=7014L000000kkoNQAQ&embed=true
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Können wir von Deutschland und der EU lernen?
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Contact us
Sustainability & Regulatory Leader, PwC Switzerland
Tel: +41 58 792 45 23
Natasha Lifshitz
Manager, Business Development Tax and Legal, PwC Switzerland
Tel: +41 58 792 47 89