PricewaterhouseCoopers Sustainability Services

491 Words1 Page

I choose PricewaterhouseCoopers to research services offered for Sustainability Reporting. PricewaterhouseCoopers (PwC) began with the merger of Price Waterhouse and Coopers & Lybrand in 1998. Both accounting organizations originated from London. PwC focuses on assurance, tax, performance improvement and crisis management type of services.

PwC philosophy is that sustainability is more than just environmental issues. Through sustainability efforts, companies will realize elements like cost containment, ability to proactively address business concerns regarding sustainability to mitigate risk. They believe that sustainable business solution affects the entire scope of strategies for a business. Business strategy, reporting and supply chain assessment are just some of the services PwC offer in their audit and assurance division of the business.

Under the business strategy of services, PwC will assist clients in identifying risks and opportunities with strategic sustainability goals in mind. They also provide guidance when developing strategies for change management, stakeholder engagement and reporting. They support and encourage organization to moving towards Sustainability 2.0 which “process that builds prosperous businesses creating innovative products and services; businesses founded on good financial results, responsible use of resources, and community well-being” (as cited by Albinson, 2011). Sustainability becomes a means for an organization to strategically change business processes, create new innovative products, and implement new updated technologies (steps to sustainability, 2011).

PwC also offers services on sustainability reporting. They will asses any existing process/ procedures and reporting mechanisms of an organization, then give guidance in achieving more effective reporting on internal and external sustainability issues. They believe that effective reporting to stakeholder is crucial. Reports are created to show environmental, social, ethical and economic performances of the organization. PwC also provides a service of independent assurance on the quality of these reports.

Identifying supply chain performance and associated risks are a key piece of each organizations risk management plan. PwC has services that support development of the existing supply and implementation of necessary changes in that chain. PwC also incorporates climate change risks in order to provide a better picture of this element.

The financial area is the final area of service for PwC. They start by determining carbon value which includes emission allowances, credits and assets and then use this information for reporting.

More about PricewaterhouseCoopers Sustainability Services

Open Document