Professional services firm PwC has earned a platinum sustainability rating from EcoVadis for the third year in a row, placing it in the top 1% of all respondents to the EcoVadis assessment.
The EcoVadis assessment evaluates companies on their environmental, social, and ethical performance. PwC received high marks for its ‘outstanding’ environmental performance, as well as recognition for being a carbon management leader. In addition, the company was recognised for significant improvement in its Labour & Human Rights performance, moving from ‘advanced’ to ‘outstanding’, which places it in the top 1% of rated companies.
The platinum rating is the highest possible score that a company can receive from EcoVadis, and only a select few companies have achieved this level of sustainability performance, including technology manufacturer Epson and Swedish manufacturer SKF. These businesses are setting the standard for corporate responsibility and environmental stewardship.
Upon completion of the assessment, companies receive a sustainability scorecard, which provides detailed insights into their strengths and areas for improvement. Clients can request access to this scorecard to in order to make informed decisions about their supply chains.
According to PwC, it has pioneered ‘new standards’ for green buildings in the UK, helping the company to cut its energy consumption by 60%, exceeding its 2022 target of 50%. For the rest of its use, the firm has increased its renewable capacity, and this year, 80% of its energy came from green sources.
PwC has committed to achieving net zero greenhouse gas emissions by 2030, and has set near-term carbon reduction goals through the Science Based Targets initiative (SBTi). By 2050, 50% of its suppliers (by emissions) will also need to have set their own science-based targets.
In March 2023, EcoVadis released its Network Impact Report, which highlighted the sustainable business practices being adopted by over 100,000 companies in its network. The report found that EcoVadis published 40,000 scorecards in 2022, of which 48% were for companies new to the network. This brings the total number of companies rated by EcoVadis to 107,000, representing beyond 90 million workers across global supply chains.
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