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We combine people, knowledge and technology to create sustainable progress
Unleashing new opportunities, turning theory into concrete action and helping decision-makers make internal transformation that has external value - our team of specialists helps with every step of ESG transformation.
The goal? Measurable success, results that drive growth and greater confidence for future generations. A future where sustainability is at the heart of business, "net zero" is the norm and transparency is a given. This means meaningful opportunities and change for your customers, shareholders, investors, employees and the world.
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ESG: our moment
Why accelerating today is essential
The world will become less livable if we don't take action today. Together with clients, that's why we make a great effort to make a positive impact. That is our mission. In addition, embedding ESG topics in business strategy is essential for organizations that want to be future-proof. These three topics are essential in ESG transformation.
People
Sustainability is more than our environment, climate, and nature. Sustainability is also about people. The business world is inseparably connected to the major social frictions of our time, such as inequality, digital literacy, rising energy prices, and aging. This leads to risks for companies, such as lower labor productivity, problems in the production chain, strikes, and reputational damage. Organizations that prioritize people and the positive impact of their activities, services, and products on current and future generations contribute to social progress and create business opportunities. Attention to people and social sustainability is therefore the key to future-proof business operations.
But how can companies make social sustainability tangible and action-oriented? PwC, in collaboration with the Business Commission to Tackle Inequality (BCTI), has developed the 'Sustainable Business Transformation Framework': a practical step-by-step approach to establishing and implementing social sustainability. Unilever has also successfully used this approach. Discover in this comprehensive case study how Unilever defines and implements its strategy for social impact.
More about fair reward More about inclusion & diversityMore on human rightsMore about social sustainability
Climate
Heat waves, droughts and floods are increasing in frequency and intensity. Global agricultural production growth is slowing down and the current temperature rise is increasingly causing hunger and malnutrition. Climate change has major social and economic consequences. Companies must map emissions within their value chain, customers are demanding carbon reductions, and investors are stepping up the pressure and demanding the transition to ‘net zero’.
Organizations must adapt to new circumstances, transform to survive, and comply with new legislation, such as the Corporate Sustainability Reporting Directive (CSRD), the Task Force on Climate Related Financial Disclosures (TCFD), and the EU Taxonomy.
More about energy transition
Nature
The earth is a gathering place of all kinds of nature. That nature is our lifeline. Food, medicine, industrial resources - Earth's biodiversity is essential to all of us. Also to organizations.
Currently, about one million plant and animal species are threatened with extinction worldwide, and biodiversity has declined 68 percent in the last 50 years. Current efforts are insufficient to stop nature's unprecedented decline. In doing so, we are eroding the foundation of our economy, food security, health and quality of life.
Biodiversity is everything, everything is biodiversityChanging the world is not something you do alone.
You don't have to.
Community of solvers
Our network and team of experts are ready to work with you. Accountants, tax consultants, strategists, economists, data analysts, biologists, human rights experts, environmentalists and sociologists: we combine a rich pallet of experience and knowledge at home and abroad with the will and intrinsic commitment to sustainable business.
Creating a sustainable business requires a broad approach and outlook, especially outside of our own organization. That is why we work together with universities, research institutes and committed change makers. From Metabolic to the Deltaplan Biodiversity Restoration Foundation. On the basis of inspiration sessions, knowledge exchange and partnerships, together we take small steps towards solutions to major challenges.
Data and technology
Our people-focused approach is supported and driven by technology at all times. We use all the opportunities that data and technology offer and deploy technology effectively so that it accelerates sustainable progress. Only then can we achieve the desired objectives and the right results.
At PwC, we use technology through a combination of capacity, tooling and partnerships. We work with major software providers such as SAP, Oracle, Salesforce, Microsoft, Google and Workiva. From selection to implementation, we always have the right specialist knowledge in-house, so we can support our clients at any time.
Reporting & Insights
Creating reliable data and translating it into insights is essential. Both for its own organisation and for all stakeholders who have a strong interest in transparency and insight into the route to sustainable progress.
Setting up data processes and systems
Our team of sustainability specialists - from biologists to accountants - robustly sets up data processes and systems. This makes ESG information not only insightful, but also verifiable. We identify the ESG data needed, organise its retrievability and set up the systems to keep it manageable in the long term, too.
Regulations: from CSRD to EU taxonomy
Regulations on sustainable reporting are important for many organisations. The requirements are strict and the obligations large. Naturally, we know exactly what European regulations like EU taxonomy and CSRD entail and help with every step of the implementation process.
Strategy & Value Creation
Companies are integrating ESG into their strategy to stay relevant to the market and society. It is about resilience and future-proofing and the belief that an integrated ESG strategy adds value, for the organisation and the world.
An agile and resilient organisation
These questions are a starting point towards a sustainable future:
- What does ESG mean to us as an organisation?
- Where are the ESG pain points?
- Why is it necessary for us to create progress on them?
- What does our value creation model look like in the longer term?
- How are our customers' needs changing and what products and services do we want to offer?
PwC helps answer these questions. Together, we make the translation into a concrete ESG strategy to create value. We do this from in-depth sector knowledge, because change through ESG means something different in every industry.
Transformation & Implementation
An ESG strategy within the overarching business strategy is no longer enough. Providing hands and feet to an integrated strategy requires a targeted transformation, both of the primary business process and the supporting processes.
Full ESG transformation
A full ESG transformation can result from a deal or a new strategy, but also from changed reporting requirements or from ongoing efforts to redefine and set up processes. In addition, with our combined Tax, Legal & People knowledge, we can fully take organisations through this transformation.
Entrepreneurship required
The acceleration now required by law and the cry for change from stakeholders enforces entrepreneurship. Successful parties see opportunities because of the direction the world is now taking. Companies are forced to make the ESG transition or feel the need themselves to increase their viability. Whether the motivation is intrinsically driven or imposed by external risks and legislation, the consequence is identical: there is work to be done.
What we ourselves are doing about ESG
Like our clients, PwC is going through a transformation process. Each day we are putting all of our efforts into growing in the ESG field.
We are working hard to achieve that goal. For example, we have integrated four sustainable development goals into our business processes and strategy and are working with a large team to achieve gender equality, decent work, reduce inequality and take climate action.
In addition, as PwC we have a global ambition to operate ‘net zero’ by 2030. This means we will reduce our absolute emissions to the maximum, with a minimum of fifty percent. We compensate for the remainder by, among other things, planting new forests to remove more CO2 from the air. Of course, we also apply our knowledge and expertise pro bono to impact-first organizations striving to solve environmental or social issues.
Sustainability MT: Joukje Janssen, Alexander Spek, Claudia Buysing Damste, Paul Nillesen, Wendy van Tol
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Energy - Utilities - Resources Industry Leader, PwC Netherlands
Tel: +31 (0)61 003 87 14