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India, 22 November 2022: In 2020, PwC India joined PwC network firms in a commitment to achieve net zero greenhouse gas (GHG) emissions by 2030. PwC India’s net-zero commitment is underpinned by a science-based target to reduce its emissions to an absolute 50% of its scope 1 and 2 emissions as well as a 50% reduction in scope 3 business travel GHG emissions by 2030, compared to its 2019 levels. Our commitment is aligned to a 1.5 degree scenario which is necessary to avert the worst impacts of climate change.
Commitments made include:
·Reducing absolute business travel emissions to 50% by 2030. This includes travel via flights, conventional cabs (petrol/diesel), and hotel stays.
·Reducing emission by fuel consumption by DG sets and company owned vehicles to 50% by 2030.
·Transition to 100% renewable energy from FY22 and reduce absolute emissions to 50% by 2030.
·Commit to having at least 50% of our purchased goods and services suppliers by emissions set science-based targets to reduce their own climate impact by 2025.
PwC India’s commitment to proceed towards a net-zero system by 2030 largely focuses on minimizing its carbon emissions via a carbon mitigation hierarchy – avoid, reduce, replace and offset. In a commitment to achieve net-zero greenhouse gas (GHG) emissions by 2030, PwC India has
·Launched multiple employee engagement initiatives such as Green Week and Conscious Choices to promote and educate sustainable practices among employees
·Prioritized decarbonization of its operations, which includes reshaping how it serves clients, sustained reductions in travel and the increased use of zero carbon energy.
·Built visibility around emissions at a business unit level
·Initiated supplier engagement to encourage them to register on SBTi by adopting science based targets
·Initiated assessments of green power procurement for PwC Offices
According to Satyavati Berera, Partner & Net Zero Lead, PwC India, “The urgency around sustainability is a leveler for all – telling us that a greener world needs everyone’s collective commitment and attention. The ownership lies with each one of us. We know that a commitment is only as good as the actions that follow, and so we are putting together a robust plan which will enable us to make the shift. This journey is essential and requires a behavior shift from each of us – but it’s also exciting because it gives us more opportunities to do the right thing.
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