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Climate change isn’t a challenge for tomorrow. It’s an imperative for today—solved only through a global integration of will and skill. COP27 highlighted the extent of change needed on climate. Businesses, governments, investors and society need to work together to harness bold new ways to accelerate the race to zero—and tackle climate change head on.
At PwC we’ve supercharged our commitment and our approach to driving yours. Combining smart technologies with global intelligence, our community of solvers can help you put sustainability at the heart of transformation—spotting the risks, capturing new opportunities and reporting a real story of success. Our aim is to build long-term resilience, greater trust and a better tomorrow. We’re ready. Are you?
PwC at COP27
In November 2022, leaders of government, business and civil society gathered in Sharm El Sheikh, Egypt, for COP27. The two-week meeting hosted the UN process for negotiating action on climate change and the business community played an important role. PwC was on the ground, meeting with leaders and exploring topics of climate adaptation, just transition, climate resilience, green skills and climate tech. Because climate change demands business change, to accelerate the race to net zero and a just transition for all.
COP27 Outcomes: progress and pitfalls in the race to net zero
Reflections on what was achieved at COP27, where expectations fell short, and what it all means for the race to limit global warming to 1.5°C.
Creating a climate for change: Business imperatives after COP27
In this webcast PwC specialists and guest speakers shared their takeaways from the conference, highlighting the key actions and next steps that should be front of mind for business leaders.
PwC hosted events
Watch the recordings of our COP27 events and hear from climate specialists on how we can help your business to tackle climate impact:
- Launch of Adaptation briefing paper with the World Economic Forum. Watch the replay here.
- Delivering finance for breakthrough climate innovations. Watch the replay here.
- How to build business readiness for a just transition. Watch the replay here.
- Women and climate resilience in global supply chains. Watch the replay here.
The Leadership Agenda
Sharp, actionable insights curated to help you turn ESG theory into action. Covering everything from the economic realities of ESG to how leaders can close the gap between net zero ambition and reality.
'We need 8 billion people to make this a personal cause.'
How we can help
Net zero isn’t a solo project. It requires a holistic view across an ecosystem that includes government, businesses, customers and communities. Transforming at pace for a changing world requires skilled people, innovative thinking and smart technologies - a community of solvers working together to build trust across the net zero ecosystem to deliver sustained outcomes which will make a positive difference to our world. At PwC we’re leaning into how we play our part, through our own commitment to achieve net zero by 2030.
The New Equation shows us a path for solving today’s big problems. To address climate risks and capture new opportunities, organisations need to reinvent themselves – fast. Every region on Earth is feeling the impacts of climate change - but the reality is that some parts of the world will be more acutely affected, more quickly. This is why working towards a ‘just transition’ is critical for the future health and prosperity for all of us collectively.
Strategies that create a climate for change
To get to net zero, organisations need to identify and prioritise their climate risks and opportunities. This means understanding where you are today, where you want to go and what strategies will get you there.
How you reach net zero is your decision; whether you're setting science-based emissions targets aimed at keeping global warming below 1.5°C, or wanting to assess and verify carbon, social and economic impacts before deciding on projects to pursue. The complexity of understanding all the touchpoints and implications requires a diverse range of skills, expertise and technologies - often operating across multiple regions and markets - to turn theory into action.
As part of our new global strategy, The New Equation, PwC has committed to building out our deep expertise and accelerating our technology capability to support organisations with their Net Zero and broader ESG considerations.
Whatever your business or industry, now everyone needs a tangible, practical strategy to achieve net zero.
Transformation that enables ESG initiatives
Net zero transformation begins when organisations tightly connect their ESG initiatives with the overall direction of their business, then provide the budget and other resources those initiatives need.
Business leadership plays a critical role too. When leaders speak regularly about the importance of ESG goals – and talk about what their organisation is doing to take a leading role – they send a clear message that sustainability is core to their business strategy, and future success, rather than an afterthought.
To transform for net zero, organisations need to consider operational, cultural and financial changes. These can include anything from a supply chain overhaul to sustainable innovation to ESG-led deals. Whatever the area of transformation, climate goals must be science-based, properly prioritised and backed by strong governance.
Reporting that drives success
As organisations identify the targets they need to meet to achieve net zero, measuring and monitoring success against these, on a timely basis, is key. Robust, reliable data is needed to inform management decisions, meet stakeholder expectations and regulatory requirements, and communicate progress to stakeholders.
Being transparent about an organisation’s net zero initiatives will help build shareholder confidence, attract talented employees, improve customer loyalty and strengthen reputation in the emerging green marketplace. This is where smarter business makes a stronger world.
From insights into current and emerging reporting requirements, to practical guides and innovative solutions, PwC can help organisations understand how their current reporting stacks up. At PwC we work with organisations to stay ahead of developments, define new reporting strategies and embed these strategies into underlying processes and systems. And we can help build trusted data through assurance.
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