PwC has announced a target to source 100% renewable electricity for its global operations by 2050 and an interim goal of 70% by 2022. The interim target will be met by PwC first sourcing renewables for 21 of its largest firms, extending the commitment to cover the rest of its operations by 2050. Last year, 60% of electricity used by PwC’s largest operations – representing 88% of its revenue – came from renewable sources. Mike Peirce, Corporate Partnerships Director, The Climate Group, said: “As a network of firms in over 150 countries, PwC is sending a powerful message that business has a key opportunity to grow demand for clean energy across the globe.” Over the past year PwC has reduced its global emissions by 4%, with emissions per employee reduced by 7%. PwC UK has achieved an 85% reduction of emissions from energy use over the last 11 years. The company is also introducing an air travel offsetting program backed by strict criteria. PwC will also offset residual electricity use until its 2050 target is met, helping to manage the transition.

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The Climate Group