Analysis of PwC Report

8/8/2019 Analysis of PwC Report

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By- Purvi KhandelwalMBA Tech(CS)

Roll No-313


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ABOUT THE COMPANY global professional services firm headquartered in

London, United Kingdom

firm was formed in 1998 by a merger between PriceWaterhouse and Coopers & Lybrand.

one of the 'Big Four' accountancy firms.

PricewaterhouseCoopers has three main service lines:

Assurance Services Tax Advisory

Advisory


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Key Drivers for CSR

People Global People Survey results

Clients look for corporate responsibility

credentials

Firm opportunity to be distinctive and

supports and enhances the brand.


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Four Quadrants of Corporate

Responsibility


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ENVIRONMENT

environmental management system was certified to ISO

14001

established the Global Climate Change Response Group

completed a carbon emissions inventory in the United States

in 2008.

PwC-specific personal carbon calculator

main sponsor of the United Nations World Environment Day

in 2008

appointed as the global advisor and report writer for the

Carbon Disclosure Project.


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Analysis by taking Environment as a

Impact Indicator

People are rewarded for reducing their air travel, in others for

improving their driving practices. So, it is a good way to

encourage an individual to start giving his contribution. must also work collaboratively with their stakeholders to

develop sustainable services and assist them to do the same.

They must further develop and integrate a clear and focused

environmental strategy to reduce their impact on theenvironment.

Developing innovative services and service delivery processes

to minimise environmental impact.


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Community

Comprehensive community engagement policy

Many of regions have developed programs that focus on education for

example, the Southwark Model in the UK

PwC China provided approx 400 hours of pro bono assurance services

to the 2007 Special Olympics World Summer Games.

US$33m - monetary donations to not-for-profit and community

organisation

Matched Giving Programme and Volunteering Awards Scheme-4,865staff members in the UK volunteered 42,480 hours to support

community activities during the working day, and 1,187 also

volunteered outside working hours


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Analysis by taking Community as a

Impact Indicator

Works in partnership with and investing in community

organisations by providing support, expertise, skills and cash. Gives employment to people in the workplace who reflect

the make-up of the local community, including removing

barriers to employment.

Engaging with the community in robust dialogue on issues of

social concern

PwC has a long history of philanthropic support for local,

national and international charitable organizations


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PEOPLE

Womens leadership programme

sponsor and supporter of the annual WomensForum for the Economy and Society

Global mobility program

Ulysses Developing responsible leaders


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Analysis by taking People as a

Impact Indicator

By all these programs, they are continuing to create a workplace

environment in which

they treat each other with dignity, fairness and respect, and where their people are encouraged and supported to

develop to their fullest potential and perform to their best.

The company also aims for their people to feel valued and

rewarded as well as to be accountable for their work and to be

proud that they work for PwC.


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MARKETPLACE Global TaxMonitor- recognises PwC by reputation, as

the leading firm in the UK for tax advice

International Tax Reviews UK and European transferpricing firm of the year.

key contributor each year to the Davos WorldEconomic Forum in Switzerland

Sam DiPiazzas appointment in 2008 as Chair of theWorld Business Council for Sustainable Development


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Analysis by taking Marketplace as a

Impact Indicator

PwC recognises the heavy responsibility that they bearas providers of assurance, tax and advisory services tothe business community.

They adhere to the highest ethical standards as theydevelop these services, ensuring they help to meet theneeds of the broader community.

Meeting the needs of vulnerable clients and ensuringthey are not exploited.

They choose their clients carefully, treat them withrespect and advise them on a sustainable basis.


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UN Global Compact

PwC has joined the UN Global Compact as a global signatory

Most relevant out of 10 principles according to the PwCs business modelare:

Principle 6 Businesses should uphold the freedom of association and theeffective recognition of the right to the elimination of discrimination inrespect of employment and occupation.

Principle 7 Businesses should support a precautionary approach toenvironmental challenges.

Principle 8 Businesses should undertake initiatives to promote greaterenvironmental responsibility.

Principle 9 Businesses should encourage the development and diffusionof environmentally friendly technologies.

Principle 10 Businesses should work against corruption in all its forms,including extortion and bribery.


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GRI Initiatives

PwC is a charter sponsor of the Global Reporting

Initiative and actively participates in several working

groups. has agreed to provide donations to sponsor GRIs

new Focal Point USA for the first two years.

PwC is committed to helping businesses develop

sustainability strategies that create business

opportunities.

GRI training sessions are held


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CONCLUSION

By embracing sustainable development, companies can

increase their competitiveness, performance, and improve

their image.

For many corporations, sustainability is becoming not just anice thing to do but a core requirement, enabling them to

increase their value and sustain profitability in the long term.

PwC territories around the world are undertaking a broad

range of programs and activities that have a significantpositive impact on their environments, value chains and

communities.

Analysis of PwC Report

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