ESG goes beyond environmental issues like climate change and resource scarcity - it encompasses all non-financial topics that are not typically captured by traditional financial reporting.
ESG consulting offers specific value when navigating the shift of expectations on businesses from being more focused on corporate social responsibility (CSR) to predominantly ESG-focused. CSR has been on the business radar for many years and provides a qualitative measurement of a businesses impact on society and its stakeholders. On the other hand, ESG is a way to quantifiably measure a company's impact on society and the environment, using metrics that deliver long-term stakeholder value.
More than ever, organisations are developing sustainability strategies that focus on creating value amongst a broad group of stakeholders - including employees, customers, suppliers, investors and community groups - whilst managing their broader obligations to society and the environment. Stakeholders are also demanding companies be more and more transparent about their performance.
The role of the CFO is changing rapidly in the face of climate change, nature loss, and social inequality. Long-term value can be preserved by assigning more responsibility to the CFO.
2023 is shaping up to be a year where organisations continue the evolution of their ESG and sustainability priorities. For some, it's business as usual; for others, it'll be a year of change and disruption.
Key ESG reporting & governance areas to watch in the coming year.
CEOs are less concerned about climate change than investors would like. Learn how executives can bridge the expectation gap on climate action.
PwC’s comprehensive analysis of the ASX200’s ESG reporting and governance.
A high level overview of why ESG should be a top priority for CFOs.
Public pressure and changing norms are paving the way for business leaders to be paid based on a new set of criteria.
The key to remaining credible and competitive.
This report explores how societal needs and business opportunities are coming together to transform the way companies craft sustainable strategy, drive performance, and report results.
ESG in strategy, deals, divestment and growth
Business transformation and circular economy
Clean technologies
Establish marketplace trust and credibility
Looking beyond the bottom line
Delivering impactful corporate responsibility programs
Australia is on track to deliver on science-based net zero commitments with 2030 goals and we are set to contribute to Australia’s transition to a zero carbon economy by 2030.
We now view waste as a commodity or asset instead of resource depletion to support a circular economy.
We are aligned with Australia’s strategy to primarily manage its native habitat for biodiversity conservation across terrestrial, aquatic and marine environments.
We can help you achieve supply chain transparency to facilitate Australian consumers choosing ethical and sustainable products.
We actively support the establishment of a First Nations voice that will be enshrined in the Australian constitution.
We run and support a number of social impact programs that promote and create equitable opportunity to housing, employment, education, wellbeing and healthcare for Australian communities.
We have directed a majority of our research, skills acquisition and people development to focus on ESG so that we can help our clients embed ESG into strategy, risk, capital, operations, products and services, remuneration and disclosure to help them transition to the economy of the future.
We work with our clients to ensure all listed entities apply global standards of ESG reporting and deliver on stakeholder expectations.
We promote and help our clients develop diverse boards and executive leadership teams with embedded ESG in decision-making and reward.
Our overarching purpose is to build trust in society and solve important problems. We genuinely care about our people, the broader Australian society as well as our clients and the industries they operate in. We want to be a part of creating a sustainable and transparent future for generations to come.
At PwC, we are dedicated to ensuring our clients grow to become organisations of the future by:
ESG is here to stay and we can help you make sense of it.
Join Global Sustainability leader Will Jackson-Moore, along with PwC Australia's Energy Transition Business Leader Varya Davidson, as they reveal the three steps to reframe sustainability as an opportunity for value creation. Discover how businesses can address compliance costs, explore strategies to mitigate them, and accelerate growth by leveraging sustainability.
Partner, Advisory, Global Energy Transition Lead, PwC Australia
Tel: +61 424 299 056
Varya Davidson
Partner, Advisory, Energy Transition, Strategy& Australia
Tel: + 61 478 303 103
Caroline Mara
Partner, Sustainability Reporting and Assurance Leader, PwC Australia
Tel: 0402 304 594
