Accounting Firms

PwC International Network unveils new ‘Equation’ strategy

The new strategy is split in two parts. The first of which speaks to the needs of clients and organizations as they respond to the changes they face through technological disruption, the risks of climate change, fractured geopolitics, social tension, and the continuing effects of Covid-19

PwC International Network has unveiled “The New Equation” strategy, in a bid to reorganize and seek new opportunities to serve clients.

The new strategy is split in two parts. The first of which speaks to the needs of clients and organizations as they respond to the changes they face through technological disruption, the risks of climate change, fractured geopolitics, social tension, and the continuing effects of Covid-19.

The second is the need to “build trust” at a time when it is both more fragile and more complicated to earn.

As part of the reorganization, the firm will aim to become net zero, address privacy and security issues, tax transparency, treat employees fairly, and manage diversity and inclusion.

Alongside the operational changes, the US firm is also making a new, purpose-led commitment called “Tomorrow Takes Trust”, which is a three-year, $300m commitment to embed trust-based principles into the core of today’s and tomorrow’s businesses.

Bob Moritz, chair of the PwC International Network, said: “By bringing our unique combination of capabilities together we can help them do that, unlocking value for their shareholders, stakeholders and wider society.

“Over the coming months, we will set out how we plan to do that in every territory and market we operate in, focusing on quality and further deepening our capabilities to meet the needs of clients and stakeholders, wherever they are in the world.”

Tim Ryan, US chair and senior partner, PwC, added: “Our new strategy is one that is relentlessly focused on our clients and other stakeholders, helping them build trust and deliver outcomes for their businesses.

“At PwC, we have a passionate community of solvers who know that when our better selves and the greatest aspects of technology are brought together, there is no opportunity too great for us to achieve.”

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