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Climate change rapidly transforms the world as we know it and the devastation caused by record flooding, heat waves, and droughts dominates our daily news. Apart from environmental protection, social issues such as the fight against poverty and the responsible, ethical, and sustainable treatment of employees, stakeholders, and the community also play a vital role. At PwC, we believe it is our social responsibility to meet these global challenges and to promote the responsible use of the world’s finite resources. That is why we are firmly committed to a sustainable economy, an ethical society, and a healthy planet.
Together with PwC, we are therefore taking corporate responsibility and leveraging our strengths and capabilities as a global network to drive the transformation to a sustainable world. Our aspiration is to lead the way and together shape the transformation to a Net Zero economy by 2050. For us, this aspiration is not a trend driven by regulations and guidelines, but a corporate responsibility that exists for decades during which we have built our deep expertise in areas such as climate, sustainability reporting and ESG strategy.
One of the objectives of our global strategy, The New Equation, is to make a difference - for your business and our world. Creating sustained outcomes that drive value and fuel growth, whilst strengthening our environment and societies. Our passionate community of solvers are ready to put in the work with you and combine real world experience with a commitment to change. Our sustainability activities are centered on three main pillars:
For us at Strategy&, certain sustainability aspects are particularly relevant and we have firmly embedded them in our sustainability vision:
As a strategy consultancy, business travel is an indispensable part of our business model. That is why we have set ourselves specific targets to limit our carbon footprint and thus contribute to PwC’s ambitious Net Zero agenda. For example, we have downsized our company car fleet and switched to e-vehicles. In addition, we have significantly reduced the number of business trips as part of our "New Ways of Working“ initiative.
On a global level, PwC has set one of the professional services space’s most ambitious net-zero targets: compared to our greenhouse gas emissions in 2019, we aim to achieve Net Zero and a 50% reduction in our Scope 1, 2 and 3 emissions by 2030 - as an absolute target rather than per full-time employee, validated on the Science Based Targets Initiative.
Our DEI (Diversity, Equity, Inclusion) strategy promotes diversity, equity and inclusion. Diversity in our teams is critical to success and an important core value of our company. For example, we have set a goal for our partner and director team to be 30% female by 2030.
Working closely together in teams, a collaborative and empowering spirit is a key prerequisite for delivering exceptional performance for our clients. We strive to create an environment in which all our employees feel comfortable, and develop their skills and personalities. Therefore, we have firmly anchored measurable DEI criteria in all our core processes – from recruiting to onboarding, project staffing, training, and HR development. Here are some of our specific measures:
Social commitment is an integral part of our culture. In various charitable projects, our employees contribute their skills from their day-to-day consulting work and thus promote the sustainable transformation and just transition of our society. Our commitment is not limited to material support, but largely consists of active corporate social responsibility. For example, we support the ROCK YOUR LIFE! education initiative, which promotes more equal opportunities in our society, encourages individual responsibility and motivation among students, and enables them to start their apprenticeship or career through an extensive corporate network.
Our client-facing sustainability transformation agenda is our strongest lever to drive sustainable change. In the selection process and the execution of client projects, we embed ESG criteria to generate lasting impact. With our commitment and consulting work, we support our clients in their transformation efforts and jointly achieve sustainable added value. In addition to project work, we are committed to knowledge transfer and upskilling as part of our thought leadership reports.