Accounting Firms

PwC climate targets validated by SBTi

The Science Based Targets initiative validated PwC’s targets to reduce greenhouse gas emissions by 50% from 2019 levels by 2030, in line with a 1.5 degree scenario

PwC has announced that it has received validation for its science-based targets and reaffirmed its commitment to achieve net zero greenhouse gas emissions by 2030. 

The Science Based Targets initiative (SBTi) validated PwC’s targets to reduce greenhouse gas emissions by 50% from 2019 levels by 2030, in line with a 1.5 degree scenario. 

The firm’s targets go beyond scopes 1 and 2 emissions to include PwC’s largest indirect scope 3 emissions.

Bob Moritz, global chairman of PwC, said: “Climate change is one of the most urgent problems facing our planet today. As part of our new strategy – The New Equation – we are renewing our commitment to be part of the solution. 

“That is why we have committed to be net zero by 2030, and I am pleased the SBTi have validated our emissions reduction targets. Like our clients, we need to build trust with our stakeholders and deliver sustained outcomes – and tackling our climate impact is crucial to both.”

Colm Kelly, global leader for Purpose, Policy and Corporate Responsibility for the PwC Network added: “As we support our clients and suppliers in transforming their businesses to achieve net zero, we recognise the importance of actively reducing the climate impact of our own operational footprint – including scope 3 emissions. 

“As such, PwC has committed to meet SBTi’s highest level of ambition and our scope 3 emissions reduction target aligns to the 1.5 degree scenario.”

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