Environmental, social and governance factors are becoming increasingly important for companies looking to boost competitiveness, resilience, and growth opportunities.
Together, we can work to transform your company into a sustainable organisation.
A sustainable future requires a healthy planet and socio-economic cohesion. It provides decent and meaningful work for everyone, with equal opportunities in an inclusive society.
To achieve this sustainable future, individuals, companies and (public) organisations should consider ESG (environmental, social & governance) aspects when making decisions. Complex developments and risks must be identified and considered in time. The climate crisis, the scarcity of raw materials, the decline in biodiversity, and global health crises are just some of the developments that affect the future viability of companies. Sustainability will occupy a central place in an organisation's strategy. It will be a guiding principle for transformation, it will be subject to reporting, and it will provide security.
The United Nations Sustainable Development Goals (SDGs) help organisations to give substance to sustainability. By focusing on specific SDGs, your organisation can make the greatest impact and help solve global problems in the areas of poverty, health, inequality, climate change, peace, and justice. Linking SDGs to your strategy is also positive for your organisation. It will reduce your risks, lower your costs, increase confidence in your organisation and potentially lead to more growth. Organisations that link the SDGs to their strategy speak the same language worldwide and find it easier to compete and form partnerships.
To achieve sustainable success in the future, best practice companies are already incorporating ESG factors into their strategy, transformation, organisation, processes, reporting, and assurance. Such companies have a clear understanding of sustainability risks and opportunities and act accordingly, both internally and in the value chain. These organisations therefore play an important role in achieving the SDGs. There are five ESG issues your organisation must address to remain successful in a sustainable future:
To deliver on ESG commitments, organisations can no longer manage sustainability in a silo by focusing only on limiting negative impacts on society and the planet or focusing only on meeting regulatory requirements. Sustainability must be integrated and lived at the core of the organisation and based on a sustainable strategy. Organisations that rethink their strategic direction based on ESG factors act with foresight, take advantage of growth opportunities, and protect their reputation. Sustainable business models ensure the resilience and thus the future viability of the company.
For most companies, a credible sustainability performance becomes a “license to operate”. We can guide you in integrating ESG factors into your strategy and transforming your organisation to meet them.
With an ESG maturity assessment, we can quickly and pragmatically measure the maturity of your organisation. Together we will create a sustainability strategy and define a tailor-made transformation roadmap based on your company and your industry.
To actively implement ESG factors, companies, investors, and governments cannot rely solely on traditional financial information when making decisions. Organisations looking towards the future integrate information on issues such as human rights, CO2 emissions, water pollution and taxes in their annual reports, while also considering the EU regulations on the EU taxonomy, Non-Financial Reporting Directive (NFRD), Task Force on Climate-related Disclosures (TCFD), etc.
Transparency gives companies an advantage when dealing with stakeholders and is essential for their reputation. We can help you prepare conclusive reports, define and collect the necessary data, and implement suitable processes in accordance with recognised governance, environmental and reporting standards.
To support the credibility of your collected information and thus further increase the trust of communication partners, we can offer you assurance for your financial and non-financial information.
At PwC, we want to build trust in society and solve important problems. We achieve this goal primarily by developing services that meet the needs of a broad group of stakeholders. This is in line with the sustainable development goals that we have integrated into our strategy. We are delivering on our commitment to the environment and society through various partnerships and measures.
We are determined to do our part to reduce the impacts of the climate crisis. That’s why we are committed to a global science-based target of net zero greenhouse gas emissions by 2030.
The Building Blocks for Net Zero Transformation – A practical guide.
Taking on tomorrow. The rise of circularity in energy, utilities and resources.
Sustainable finance, a new era for asset managers. 2020.
The evolving nature of the green agenda. 2020.
Net Zero Economy Index 2020: The Pivotal Decade. Tracking progress.
The food industry in the spotlight of climate change. 2020.
The State of Climate Tech 2020. The next frontier for venture capital. 2020.
Nature is too big to fail. Biodiversity: the next frontier in financial risk management. 2020.
The road to circularity. Why a circular economy is becoming the new normal. 2019.
Frontier 2030: Fourth Industrial Revolution for Global Goals Platform.
Klimaberichterstattung bei börsennotierten Unternehmen. Eine Bestandsaufnahme 2020.
Older and wiser - Is responsible investment coming of age? Private Equity Responsible Investment Survey 2019.
Mine 2020. Resilient and resourceful. 2020.
Klimaberichterstattung österreichischer Unternehmen. Analyse des Reifegrads.
Transformation in energy, utilities and resources. Strategies to confront rising demand and climate threats. 2019.
Creating a strategy for a better world – How the Sustainable Development Goals can provide the framework for business to deliver progress on our global challenge. 2019.
Erstanwendung des CSR-Richtlinie-Umsetzungsgesetzes. Studie zur praktischen Umsetzung im DAX 160. 2018.
From promise to reality: Does business really care about the SDGs? And what needs to happen to turn words into action. 2018.
Partner, Head of Management Consulting and ESG, PwC Austria
Tel: +43 664 1830873
Partner, Corporate Responsibility and Net Zero Leader, PwC Austria
Tel: +43 1 501 88-3639