PwC has today pledged to switch to 100 per cent renewable power and step up efforts to further reduce its carbon footprint, after confirming it has surpassed all its current climate-related targets.
The consultancy giant used an appearance at the Davos Summit to provide an update on its 10 year climate strategy, confirming it has met a series of environmental targets earlier than expected.
Specifically, the company said that since it launched the strategy in 2007 it has cut its carbon footprint by 29 per cent, more than halved its energy consumption, and cut travel emissions by four per cent, despite the firm growing 44 per cent over the period.
As part of the update the company unveiled a new package of five year targets, confirming plans to reduce its carbon footprint by 40 per cent against the 2007 base line, secure 100 per cent of its electricity from renewable sources, and further reduce its travel-related emissions.
In order to help meet the new goals the firm said it will be “refining” how buildings are utilised and pursuing new renewable energy contracts. It added that it could not yet set a specific target for travel-related emissions as the scale of emissions reductions delivered will depend on the extent to which client expectations and behaviours change.
“We haven’t got all the answers, but we hope that our journey helps and inspires other businesses to accelerate their own carbon emissions reduction programmes,” said Bridget Jackson, corporate sustainability director at PwC.
The firms said past reductions in carbon emissions were mainly achieved by focusing on reducing energy use in buildings through simple measures such as turning lights off out of hours and switching to renewable energy contracts.