Things that companies used to consider optional are now crucial for their long-term financial success. It is essential now for companies to take environmental, social, and governance issues into consideration in their business activities to ensure their competitiveness and ability to create value.
Today’s customers, investors, and regulators are interested in more than just standard financial information; they expect companies to take responsibility by identifying the ecological and social impacts of their business models, and to adopt sustainable business management practices.
By working together, we can help you become a more sustainable business and create new opportunities in a changing market environment.
Managing sustainability issues internally is no longer an option for organisations; neither can they focus exclusively on limiting negative impacts on the environment and society. Sustainability must be integrated into the core of the organisation to show the way for business activities. Companies that are able to use the ESG themes for re-evaluating their strategic direction can protect their reputation and maximise their value creation. In most organisations, ESG will become a vital condition for business continuity. Our experts can help identify value-adding strategic opportunities and implement change in the day-to-day operations of your company.
Businesses, investors, and public authorities need more than just standard financial information to fully consider all the ESG factors in their decision-making processes. Forward-looking organisations and industry leaders include in their annual reports additional information on their activities and value chains, such as human rights issues, carbon dioxide emissions, water pollution, and taxation. These organisations are also very familiar with new EU regulations such as the EU taxonomy for sustainable activities, or the EU Taxonomy; the Non-Financial Reporting Directive (NFRD); the forthcoming Corporate Sustainability Reporting Directive (CSRD), sustainability reporting in accordance with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD); and so on. Transparency strengthens the company’s position in the eyes of its stakeholders, and it is essential for reputation. We can help your company measure and report on these issues in accordance with established governance, environmental, and reporting standards. We can also perform audits of financial and non-financial information to verify its accuracy; this will help to build credibility and trust.
We at PwC are the only one arranging GRI certified sustainability reporting trainings in Finland. Our trainings help you taking your organisation's sustainability reporting to the next level.
To succeed in the future, organisations must take environmental, social, and governance issues (ESG) into account in their strategy, operations, and reporting. Pioneering companies have a clear picture of the ESG-related risks and opportunities, and they incorporate sustainability into their internal operations and across their value chains.
We have identified four themes that companies need to consider:
At PwC, we aim to build trust in society and solve important problems. To achieve this goal, our first priority is to develop services that meet the needs of a wide range of stakeholders. This is in line with the sustainability goals integrated into our strategy.
We are committed to reducing our greenhouse gas emissions by 50 per cent by 2030. This involves transitioning to 100% renewable electricity in all regions, improving the energy efficiency of our offices, and halving emissions from business travel and accommodation by the end of the decade. To honour our global commitment to offset greenhouse gas emissions by 2030, for every remaining CO2 tonne equivalent, we will take steps to remove a tonne of carbon dioxide from the atmosphere.
In addition, the sustainability requirements for our subcontractors include a commitment to reduce their environmental impact.
Partner, ESG Reporting & Assurance Services Leader, PwC Finland
Tel: +358 (0)20 787 7594
Partner, Sustainability & ESG Services Leader, PwC Finland
Tel: +358 (0)20 787 7003