The latest addition to the Climate Group’s RE100 initiative for green energy has been named as global consultancy PricewaterhouseCoopers (PwC), which aims to source 100% renewable energy for its global operations by 2050.
The company has also set itself a target of 70% renewable energy by 2022. However, the company has already made strides on its sustainability journey in the past year, reducing emissions per employee by 7%. It has also achieved an 85% reduction of emissions from energy use over the last 11 years and is now introducing an air travel offset program.
PwC will also enjoy the knowledge that its business can continue to operate not only sustainably but economically too, following the recent release of figures stating that RE100 members enjoy “above average financial performance” in comparison with their counterparts.
PwC has made it clear that the RE100 commitment only serves to reinforce its wider global environmental commitment, stating in a press release: “Many PwC firms have long been strong performers at a national level in managing their carbon impact and showcasing innovation in the sector… the new commitment enables PwC to baseline a consistent target across its major operations globally.”
Mike Peirce, Corporate Partnerships Director at The Climate Group, said: “By joining RE100… PwC makes it clear that renewable power is integral to a future-orientated business strategy. As a network of firms in over 150 countries, PwC is sending a powerful message that business has a key opportunity to grow demand for clean energy across the globe.”
Bob Moritz, Global Chairman of PwC added: “We believe business has a key role to play in solving societal challenges alongside other stakeholders. This commitment is for us a recognition of the need to accelerate the pace of change, and individual business commitments, collectively, will make a critical difference to that.”
Colm Kelly, PwC Global Leadership Team member and Corporate Responsibility Board Chair, stated: “While our carbon impact is relatively low, it’s still important that we take action to tackle our emissions. Operating efficiently is simply good business and these commitments are a great way of keeping up momentum on embedding smarter ways of working. As we work towards our commitment we will offset unavoidable emissions from air travel by investing in high quality products.”