Global market advisory firm PwC has a series of initiatives aimed at boosting its global nature and biodiversity capabilities.
The New Equation:
The new initiative follows PwC’s launch in 2021 of its global strategy—The New Equation. This includes:
• Plans to invest $12 billion over five years,
• ESG as one of the key focus areas for investment
• A target for ESG revenues to grow ten-fold over the next four years
Three new key initiatives:
The new initiatives include:
1. Launching a new Centre for Nature Positive Business
2. Doubling the size of its team of nature specialists over the next 12 months
3. Upskilling all 328,000 employees to better understand nature impacts and to work with clients on nature-positive outcomes
Expanding Nature Positive Business:
PwC aims to expand its key global capabilities in biodiversity, water, regenerative agriculture, and forestry. It will bring together more than 500 nature specialists, expand the team to 1,000 – from across the firm’s network. The teams will focus on nature positive strategy and transformation, nature risk management and reporting, nature technology, data and measurement, and nature finance and fund management.
PwC said that it will also offer nature and biodiversity training to its global workforce, including bespoke online learning through its global Sustainability Academy.
Alignment with UN SDG 15:
The Sustainable Development Goal 15 of the 2030 Agenda for Sustainable Development is devoted to protecting, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.
Leader comments:
Emma Cox, PwC’s Global Climate Leader, PwC UK, said, “Climate change and nature are inextricably linked, and as the challenges facing the environment continue to rise, so too will the impacts felt by ecosystems around the world. By boosting our capabilities to help clients develop and implement nature positive strategies as part of their broader sustainability strategies, we will help a growing number of businesses transform their operating models, and in doing so, help to build a net zero, nature positive world.”
Leading the way:
In its own business, PwC is identifying offices which are in or adjacent to key biodiversity areas and assessing nature-related impacts in its supply chain.