RVBA-PWCConsulting

PwC — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

Reference sources (4/5)

Source documents
Recent disclosure
Multi-year metrics
Targets
Certifications

External news· 11 ESG-tagged · GDELT

tagged categories: climate · governance · controversy · M&A · regulatory

Source: GDELT 2.0 DOC API · ESG-keyword filtered · 3-month trailing window.

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2025

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	1,352
Scope 2 (market-based)	0
Scope 3	110,569
Cat 1 · Purchased goods	205,843
Cat 3 · Fuel + energy	3,271
Cat 5 · Waste in operations	188
Cat 6 · Business travel	107,110
Cat 7 · Employee commuting	21,980
Gross carbon footprint	111,921
Net carbon footprint	111,921

Energy (kWh)

Electricity	19M
Total energy	31M
Renewable electricity %	100%

Governance

audit assurance climate levelⓘ	1
esg linked executive pay yn	1

P&L highlights (USD)

Headcount (FTE)	33,770people
Revenue	6.4B
Total operating expenses	(4.9B)

Balance sheet highlights (USD)

Property, plant & equipment	218M
Right-of-use (leased) assets	638M
Total assets	4.2B
Total debt	703M
Cash & equivalents	860M
Minority interest	301M

Events 2025· 12

Primary: Carbon offset offtake agreement providing short-term carbon price volatility protection

The Group has secured an offtake agreement that provides short-term protection against volatility in carbon offset prices and will continue to manage these costs proactively. 100% of Scope 1, 2 and 3 market-based emissions are offset. The Group closely monitors the evolving carbon cost landscape including carbon taxes, emissions trading schemes and potential broader carbon adjustments, integrating these developments into financial planning and decision-making.

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Dependent: Client sustainability services and advocacy driving broader decarbonisation

The Group has made strategic investments to scale sustainability services offerings, bringing together sustainability specialists to help clients navigate physical and transition climate risks, and identify net zero transformation opportunities. The Group also engages with its clients, suppliers and regulators to address challenges including reviewing nascent climate technology start-ups as reported in the Net Zero Future50 report and supporting clients to drive investment in renewable technology.

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Acquisition of Emkan Education Company (Saudi Arabia)

On 1 March 2025, the Group acquired a 100% interest in Emkan Education Company, a consultancy firm based in Saudi Arabia specialising in education and skills development. Consideration was £8m; gain on bargain purchase of £4m recognised.

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First year of external limited assurance on Group emissions data

PwC UK Group published externally assured emissions data for the first time (shown on climate action timeline 2023 milestone). In FY2025, Crowe U.K. LLP issued an independent limited assurance report under ISAE 3000 & 3410 with no qualifications.

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Prior year GHG emissions restated to reflect revised emission factors

Certain base year and comparative numbers have been updated to reflect revised emission factors. In the prior year: Fugitive emissions 2024: 60 (previously 2,754), Fuel and energy related activities 2024: 3,052 (previously 2,957), Waste 2024: 544 (previously 451).

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Revenue reclassification between lines of service

As part of a strategic review in FY2025, certain UK service areas were reclassified amongst lines of service. Comparative FY2024 figures have been restated: Tax decreased by £90m, Risk increased by £75m, Consulting increased by £16m, Deals decreased by £1m.

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Extended Scope 3 reporting includes purchased goods, commuting and WFH

The Group reports an extended Scope 3 category covering purchased goods and services (205,843 tCO2e), employee commuting and working from home (21,980 tCO2e), in addition to core Scope 3. Total extended Scope 3 is 227,823 tCO2e in FY2025.

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Primary: Office energy efficiency programme driving Scope 1 and 2 reductions

The UK achieved an 82% reduction in Scope 1 and 2 absolute emissions from the FY19 base, well ahead of the 50% by FY30 target. Energy efficiency is delivered through a combination of improved real estate stock, building management systems, PIR sensors, heat recovery systems, and strategic reduction of conditioned space during low-occupancy periods. Total UK energy consumption is 31 million kWh in FY2025. The Group has 19 UK offices at 30 June 2025.

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SBTi validates PwC Global NZ GHG targets with LT 2050 goals for 2025

PwC Global has its net zero GHG emissions goals with near-term 2030 and long-term 2050 targets validated by SBTi for 2025, as shown in the climate action timeline.

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Primary: Business travel reduction targeting 50% cut from FY19 base by FY30

Business travel represents the dominant Scope 3 emissions category at 107,110 tCO2e in FY2025, comprising primarily air travel (77,229 tCO2e). The Group has achieved a 5% reduction against baseline, with an 8% decrease year-on-year, driven by changes in the Middle East and a shift to lower carbon-intensive travel. PwC remains committed to reducing flights and decoupling business growth from environmental impact, recognising that travel is essential for serving regionally dispersed clients in the Middle East.

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see 2 more events →

2024

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	1,219
Scope 2 (market-based)	0
Scope 3	120,151
Cat 1 · Purchased goods	192,974
Cat 3 · Fuel + energy	2,754
Cat 5 · Waste in operations	544
Cat 6 · Business travel	116,853
Cat 7 · Employee commuting	23,919
Gross carbon footprint	121,370
Offsets retired	(121,370)
Net carbon footprint	0

Energy (kWh)

Electricity	19M
Fuel (stationary + mobile)	9M
Total energy	32M
Renewable electricity %	100%

Governance

esg linked executive pay yn	1
audit assurance climate levelⓘ	1

P&L highlights (USD)

Headcount (FTE)	36,006people
Revenue	6.3B
Total operating expenses	(5B)

Balance sheet highlights (USD)

Property, plant & equipment	204M
Right-of-use (leased) assets	568M
Total assets	3.9B
Total debt	663M
Cash & equivalents	712M
Minority interest	246M

Events 2024· 13

Middle East partner remuneration arrangements revised from 1 July 2023

From 1 July 2023, Middle East partner remuneration arrangements were revised; a large component of Middle East partner remuneration became employment income recognised as staff costs. This resulted in lower profit allocated to non-controlling interest partners for FY24 vs FY23.

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Restatement of purchased goods & services emissions baseline

In FY24, the Group rebased purchased goods and services emissions to reflect increased accuracy of underlying emissions factors and improved sector guidance. FY19 baseline restated from 51,627 to 90,687 tCO2e and FY23 comparative restated from 53,002 to 74,062 tCO2e. Driven by improved specificity of emissions factors and incorporation of purchasing power year-on-year movement.

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FY30 ambition to transition carbon credits portfolio to substantive carbon removal

The Group offsets 100% of residual emissions it cannot eliminate every year using high-quality carbon credits. By FY30, PwC has an ambition to transition the whole of its carbon credit portfolio to more substantive carbon removal and other market solutions as they become available. Currently the portfolio comprises conventional offsets; the transition toward durable removal credits (e.g. DAC, BECCS equivalents) is aspirational and subject to market development. There were no reservations on the limited assurance engagement for FY24 GHG data by Crowe U.K. LLP.

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Dependent: Supply chain decarbonisation via SBTi supplier engagement (Cat 1 purchased goods)

Purchased goods and services (extended Scope 3 Cat 1) totalled 192,974 tCO2e Group in FY24. PwC has set a target to procure 50% of purchased goods and services (by emissions) from suppliers with SBTi-validated targets by FY25. As of FY24, 22% of supplier emissions are covered by SBTis at Group level (50% for UK). PwC advocates for validated carbon reduction targets through supplier outreach forums and one-to-one engagement. The UK launched engagement-level carbon footprinting tools in FY24.

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Two business disposals in Risk and Tax lines of service (FY2024)

During the prior financial year ended 30 June 2024, the Group entered into two business disposal contracts within the Risk and Tax lines of service. Total consideration receivable was £14m, resulting in a net gain on disposal of £11m.

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SBTi-validated net zero targets with 2030 near-term goals

PwC has committed to net zero GHG emissions with near-term 2030 goals validated by SBTi: reduce Scope 1&2 by 50% from FY19 base by FY30; transition to 100% renewable electricity by FY30; reduce business travel emissions 50% from FY19 by FY30; procure 50% of purchased goods/services from suppliers with SBTi targets by FY25.

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Two business disposals in Risk and Tax lines of service

During FY ended 30 June 2024, the Group entered into two business disposal contracts within the Risk and Tax lines of service. Total consideration receivable was £14m, resulting in a net gain on disposal of £11m after adjusting for the carrying value of £3m.

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100% renewable electricity since FY22; target maintained through FY30

The Group transitioned to 100% renewable electricity since 2022 and will endeavour to maintain continued security of supply, reflecting its SBTi-validated target. In the UK, all energy has been procured from 100% renewable sources since FY22. The Group uses Energy Attribution Certificates (EACs) under the market-based GHG Protocol approach, resulting in zero market-based Scope 2 emissions. The FY30 target is to maintain 100% renewable electricity across the full Group as it becomes available in more markets.

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Primary: Business travel reduction via Thoughtful Travel programme

Business travel is the largest Scope 3 emissions contributor (116,853 tCO2e Group FY24). PwC has a target to reduce absolute business travel emissions 50% from FY19 base by FY30. The Thoughtful Travel programme embeds travel emissions in monthly business performance updates, introduces individual carbon travel statements for partners and directors, and sets premium economy as the default for long-haul daytime flights. Travel emissions per FTE have decreased since FY19, though absolute emissions grew 4% YoY as post-COVID travel fully returned, particularly in the Middle East.

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Dependent: Client climate services and ESG advisory as transitional opportunity

PwC has invested in scaling its sustainability services, providing tailored net zero transformation and sustainability reporting support to clients. The Group identifies supporting clients in addressing climate risk as a transitional opportunity, with potential for revenue growth from an increasing market share of sustainability-related services. Investments in ESG capabilities, platforms, and sustainability specialists enable the Group to support clients' net zero journeys and help them comply with evolving climate regulation. This is framed as both a commercial opportunity and a reputational lever.

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see 3 more events →

2023

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	376
Scope 2 (market-based)	0
Scope 3	38,151
Cat 1 · Purchased goods	53,002
Cat 3 · Fuel + energy	1,699
Cat 5 · Waste in operations	16
Cat 6 · Business travel	36,436
Cat 7 · Employee commuting	12,927
Gross carbon footprint	38,527
Offsets retired	(89,753)
Net carbon footprint	(51,226)

Energy (kWh)

Electricity	21M
Fuel (stationary + mobile)	10M
Total energy	35M
Renewable electricity %	100%

Governance

audit assurance climate levelⓘ	1
esg linked executive pay yn	1

P&L highlights (USD)

Headcount (FTE)	32,640people
Revenue	5.8B
Total operating expenses	(4.4B)

Balance sheet highlights (USD)

Property, plant & equipment	211M
Right-of-use (leased) assets	619M
Total assets	4B
Total debt	731M
Cash & equivalents	1.1B
Minority interest	196M

Events 2023· 12

100% renewable electricity via EACs; Middle East offices on solar; RE100 member

The UK Firm met its target of sourcing 100% of electricity from renewable sources in FY2023, with the majority of office space operating on renewables and remaining coverage via Energy Attribute Certificates (EACs). As a result, market-based Scope 2 electricity emissions are zero. The Middle East business has all offices 100% powered by solar renewable energy, with offices in Egypt, Jordan and UAE RE100 compliant. The PwC Network continues its support for the RE100 initiative to source 100% renewable electricity. Solar panel installation commenced at the Beirut office in June 2023.

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Dependent: Supply chain decarbonisation: engaging suppliers to set SBTi-validated targets

The Group's strategy includes engaging with suppliers to make their own SBTi-validated reduction targets, with a commitment that 50% of the Group's suppliers (by emissions) will have set their own science-based target by 2025. The UK Firm's Supply Chain Sustainability programme is designed to drive down carbon emissions through collaboration and innovation to measure, report and set targets. Key suppliers are selected on the basis of spend, sustainability impact, and modern slavery risk. A free SME support programme was offered to over 100 small and medium-sized enterprise suppliers, covering 15% of total spend, providing Net Zero training materials and carbon footprinting tools.

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Primary: Business travel reduction via Thoughtful Travel programme and hybrid working

Business travel is the dominant source of Scope 3 emissions for the Group (36,436 tCO2e in FY2023, 51% below 2019 baseline). The UK Firm operates a comprehensive 'Thoughtful Travel' programme to challenge travel-related planning and choices across the business through improving management information. The Group embraces a hybrid way of working with clients, where face-to-face meetings complement virtual engagement. Travel dashboards have been rolled out to senior leadership in each territory, and in the Middle East, the firm engages with suppliers to support lower carbon intensive travel arrangements.

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Acquisition of People Force Consulting Ltd (PwC Digital Technology Services)

On 1 April 2023, the Group acquired 100% of People Force Consulting Ltd (renamed PwC Digital Technology Services Limited) for £5m consideration, of which £2m deferred. Generated £0.5m revenue and £0.7m losses in FY2023. Goodwill of £2m recognised.

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SBTi-validated Net Zero by 2030 commitment

PwC Group committed to Net Zero by 2030 as part of PwC Network commitment; targets validated by SBTi. Involves halving operational carbon footprint against 2019 baseline, achieving 100% renewable electricity, and maintaining carbon neutrality from 2030 via removal credits.

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Disposal of Regnology TIR UK Ltd (tax software subsidiary)

On 1 July 2022, the Group disposed of its investment in Regnology TIR UK Ltd (formerly PwC Tax Information Reporting Limited), which offered specialised tax software for wealth advisors, for consideration of £7m, resulting in a gain on disposal of £4m.

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Business travel emissions rebounded sharply after pandemic easing

Following easing of pandemic-related travel restrictions and pent up demand in FY2022, the UK's business travel rose significantly (36,436 tCO2e in FY2023 vs 15,493 tCO2e in FY2022), driving the overall increase in total reported emissions. This is noted as a COVID recovery effect.

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Primary: Office energy efficiency and building optimisation

The UK Firm has invested heavily in energy-efficient offices through energy savings projects and refurbishments. Key initiatives include LED lighting upgrades (Newcastle and Edinburgh), temporary office closures over Christmas saving ~230,000 kWh, shifting evening cleaning to daytime to enable earlier lighting shutdown, and a UK-wide heating and cooling optimisation strategy enabling building management systems to run reactively. Together these saved approximately 690,000 kWh of energy per year. The energy management system is certified to ISO 50001 since 2012 and the environmental management system to ISO 14001 since 2008.

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Primary: Fugitive emissions and stationary fuel reduction

Scope 1 emissions totalled 376 tCO2e in FY2023, down 55% from the 2019 baseline of 841 tCO2e. This includes fugitive emissions (refrigerant leaks) of 71 tCO2e and natural gas/biogas of 305 tCO2e. Gas consumption increased 14% in FY2023 due to an extended cold spell and running tri-fuel generators to reduce reliance on grid electricity. The Group has transitioned away from biodiesel (0 tCO2e in FY2023 vs 19 tCO2e in 2019 baseline). Heating and cooling optimisation and energy efficiency investment continue to drive down Scope 1 emissions over time.

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Transition to 100% carbon removal credits by 2030; REDD+ and LEAF Coalition offsets used currently

The Group has committed to maintaining carbon neutrality and investing in carbon removal from 2030 to compensate for all remaining emissions, transitioning to 100% carbon removal credits by 2030. In the interim (2024–2028), the Group has committed to purchasing high integrity nature-based avoidance carbon credits verified against the ART/TREES standard, as part of the private-public LEAF Coalition. In FY2023, the UK used 3 REDD+ emission avoidance projects in recognised biodiversity hotspots to offset Scope 1, 2 and 3 emissions, achieving 100% offset of total emissions. The Group offsets residual emissions every year and is transitioning away from avoidance credits toward durable removal credits by 2030.

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2022

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	370
Scope 2 (market-based)	0
Scope 3	17,439
Cat 1 · Purchased goods	46,316
Cat 3 · Fuel + energy	1,932
Cat 5 · Waste in operations	14
Cat 6 · Business travel	813
Cat 7 · Employee commuting	11,763
Gross carbon footprint	17,809
Net carbon footprint	17,809

Energy (kWh)

Electricity	22B
Fuel (stationary + mobile)	9B
Total energy	33B
Renewable electricity %	100%

Governance

audit assurance climate levelⓘ

P&L highlights (USD)

Headcount (FTE)	30,211people
Revenue	5B
Total operating expenses	(3.4B)

Balance sheet highlights (USD)

Property, plant & equipment	209M
Right-of-use (leased) assets	663M
Total assets	4.1B
Total debt	806M
Cash & equivalents	1.1B
Minority interest	174M

Events 2022· 12

Limited assurance on GHG emissions by Crowe U.K. LLP (ISAE 3410)

A separate limited assurance engagement was conducted by Crowe U.K. LLP in accordance with ISAE 3410 on GHG emissions. No reservations were issued.

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Primary: Office energy efficiency — LED upgrades, temperature management, building consolidation

The UK Group's energy programme spans all 19 offices and focuses on consolidating and redesigning office space, operating more efficiently, and investing in new technology. In FY2022, an LED lighting upgrade at the Embankment Place office achieved 35% efficiency improvement. Server room temperatures were raised by 2°C, and a programme to replace old laptops with 32% more efficient models commenced (10% replaced by June 2022). A new Belfast office using fully electric heating eliminated gas demand and is 37% more energy-efficient per floor area than its predecessor. Overall gas consumption decreased 18%.

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PwC UK Group transitioned to 100% renewable electricity since 2022

The Group transitioned to 100% renewable electricity since 2022 and will endeavour to maintain continued security of supply. Market-based Scope 2 emissions have been zero since FY22.

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Disposal of global mobility and immigration services business

On 29 April 2022 the Group disposed of its global mobility and immigration services business to US private equity firm Clayton, Dubilier & Rice, resulting in a gain on disposal of £139m. This transferred approximately 600 staff and generated revenue of £108m in FY2022 (prior to disposal).

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Disposal of global mobility and immigration services business to Clayton, Dubilier & Rice

On 29 April 2022, the Group disposed of its global mobility and immigration services business to US private equity firm Clayton, Dubilier & Rice. Total consideration £184m, gain on disposal £139m. Approximately 600 staff transferred. Revenue from this unit in FY2022 (to disposal) was £108m.

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Carbon Trust 'Route to Net Zero' Standard (Advancing level) achieved

During FY2022, the UK Group became one of the first businesses to achieve the Carbon Trust 'Route to Net Zero' Standard at the 'Advancing' level. This replaces the Carbon Trust Triple Standard for Carbon, Water & Waste, and the Carbon Trust Standard for Supply Chain (level 3) previously held. Also recognised by Ecovadis as a 'Leader' in carbon management.

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Net Zero 2030 target validated by SBTi (1.5°C scenario)

PwC UK Group aligned with wider PwC Network's net zero by 2030 commitment, validated by the Science Based Targets Initiative in line with a 1.5 degree scenario. Reference year is 2019.

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100% renewable electricity via REGOs; net zero by 2030 SBTi-validated

PwC UK Group sources 100% of its electricity from renewable sources based on tariffs using Renewable Energy Guarantees of Origin (REGOs) and Renewable Gas Guarantees of Origin (RGGOs). This contributed to a market-based Scope 2 of 0 tCO2e in 2022. The firm is aligned with the wider PwC Network's net zero by 2030 target, validated by SBTi under a 1.5°C scenario, with a 2019 reference year. Since 2007, energy consumption has reduced by 62% and carbon emissions associated with energy by 83%.

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Primary: Business travel reduction — managing road travel and encouraging sustainable commuting

The primary driver for the increase in carbon emissions in FY2022 was the rise in business travel by road, with total distance travelled being twice that of 2021 but still only a fifth of pre-COVID-19 levels. Road Scope 3 emissions increased 297% to 813 tCO2e. The UK Group is focused on managing business travel levels and encouraging employees to operate sustainably as part of its broader energy programme targeting net zero by 2030.

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Acquisition of Olivehorse Consulting Services Ltd (renamed PwC Business Consulting Services Limited)

On 12 February 2022, PwC acquired 100% of Olivehorse Consulting Services Ltd for £19m consideration (£7m deferred). The company offers supply chain management technology and consultancy. £8m goodwill recognised. Revenue contribution from acquisition date: £2m.

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2021

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	505
Scope 2 (market-based)	414
Scope 3	205
Cat 6 · Business travel	205
Gross carbon footprint	1,124
Net carbon footprint	1,124

Energy (kWh)

Electricity	21B
Fuel (stationary + mobile)	12B
Total energy	33B
Renewable electricity %	100%

Governance

audit assurance climate levelⓘ

P&L highlights (USD)

Headcount (FTE)	26,657people
Revenue	4.4B
Total operating expenses	(3.2B)

Balance sheet highlights (USD)

Property, plant & equipment	202M
Right-of-use (leased) assets	715M
Total assets	3.4B
Total debt	856M
Cash & equivalents	806M
Minority interest	26M

Events 2021· 11

Primary: Business travel reduction — road travel down 93% in FY2021

Road-based business travel emissions fell 93% in FY2021 (from 2,821 tCO2e to 205 tCO2e) primarily due to COVID-19 restrictions with staff working from home. Total energy from road business travel fell from 9 million kWh to 1 million kWh. The UK Group's SECR report specifically tracks road travel emissions under Scope 3 as a key lever.

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Net Zero by 2030 target confirmed

The UK Group aims to become a Net Zero business by 2030, with a reference year of 2019. Since 2007 the UK Group has reduced energy consumption by 61% and carbon emissions associated with energy by 94%.

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COVID-19 causes 21% drop in energy consumption and 40% fall in carbon emissions

During FY2021, energy consumption fell 21% including an 89% drop in business travel energy consumption due to remote working during the COVID-19 pandemic. Carbon emissions fell by 40% overall compared to FY2020.

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86% renewable energy via REGOs/RGGOs; targeting 100% renewable office energy

In FY2021, 86% of total energy consumption was from renewable sources, based on tariffs using Renewable Energy Guarantees of Origin (REGOs) and Renewable Gas Guarantees of Origin (RGGOs). All residual emissions were offset through purchasing carbon credits. Office landlords were engaged to assess opportunities for 'green leases', including energy efficiency and switching to renewable energy. A new Watford office was opened with energy efficiency features expected to use less than half the energy of offices it replaces, saving over 235,000 kWh per year.

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Primary: Carbon offsetting — 100% offset of extended carbon footprint annually

Each financial year the UK Group offsets 100% of the extended carbon footprint as reported in the non-financial scorecard. All offsets are Verified Carbon Standard (VCS) and from REDD+ projects, retired on behalf of PwC by a registered broker. This is a transitional measure alongside the firm's Net Zero 2030 ambition.

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Limited assurance on GHG emissions by Crowe UK LLP

A separate limited assurance report was issued by Crowe U.K. LLP in accordance with ISAE 3410 standard for GHG emissions for the financial year ended 30 June 2021, with no reservations.

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Disposal of 27% equity interest in Perfect Ward Limited

During the financial year ended 30 June 2021, the Group disposed of its 27% equity interest in Perfect Ward Limited, recognising a gain on disposal of £1m in the income statement.

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Primary: Office energy efficiency and smart building management systems

PwC UK has invested in energy efficiency across its office estate, including upgrades to lighting and refurbishments at Embankment Place, and installation of energy-saving technologies such as light sensors and zonal air conditioning in the new Watford office. Building management systems were updated to optimise energy consumption as part of a review of energy savings opportunities. Since 2007 energy consumption has been reduced by 61%.

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Dependent: Supply chain green lease engagement with office landlords

PwC UK engaged office landlords to assess opportunities for 'green leases', including energy efficiency improvements and switching to renewable energy sources. This is a dependent lever as it relies on landlord cooperation across the 20-office estate.

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Market-based Scope 2 disclosed alongside location-based

The report discloses both location-based (4,804 tCO2e) and market-based (414 tCO2e) Scope 2 emissions. Market-based is significantly lower due to 86% renewable energy sourced via REGOs/RGGOs.

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2020

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	639
Scope 2 (market-based)	1,090
Scope 3	2,821
Cat 6 · Business travel	2,821
Gross carbon footprint	4,550
Net carbon footprint	4,550

Energy (kWh)

Electricity	22B
Fuel (stationary + mobile)	11M
Total energy	42B
Renewable energy %	80%

Governance

audit assurance climate levelⓘ

P&L highlights (USD)

Headcount (FTE)	25,951people
Revenue	4.4B
Total operating expenses	(3.3B)

Balance sheet highlights (USD)

Property, plant & equipment	184M
Right-of-use (leased) assets	785M
Total assets	3.1B
Total debt	935M
Cash & equivalents	524M
Minority interest	7M

Events 2020· 9

Primary: Business travel reduction — road travel scope 3 tracking and reduction

PwC UK tracks and reports road business travel emissions as part of its SECR disclosure. In FY2020, road business travel emissions fell to 2,821 tCO2e from 3,713 tCO2e in FY2019 (a 24% reduction), partly reflecting COVID-19 lockdown effects in Q4 FY2020. Business travel is converted from car mileage claimed through expenses using UK Government GHG conversion factors. Further travel emissions (air, rail) are reported in the separate non-financial scorecard.

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Primary: Office energy efficiency — DALI lighting, smart sensors, iBMS, biogas trigenerators

PwC UK's energy programme spans all 21 UK offices and focuses on consolidating and refreshing office space, operating more efficiently, and investing in new technology. The new Birmingham office opened in FY2020 with a DALI addressable lighting system, LED lighting, smart sensors and an enhanced building management system (iBMS), reducing electricity consumption by 34% in first six months. The More London office installed trigenerators running on 100% biogas (providing 25% of electricity demand) and a first phase of photovoltaics to reduce grid reliance.

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IFRS 16 adoption adds right-of-use assets; new Birmingham office opened

A new Birmingham office opened in FY2020 with energy-saving technologies (DALI lighting, smart sensors, iBMS) reducing electricity consumption by 34% vs prior space. Also, trigenerators on 100% biogas installed at More London office.

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Middle East end-of-service benefit obligations reclassified in 2019 comparatives

£35m of Middle East end-of-service benefit obligations previously in trade and other payables reclassified to retirement benefit obligations in the 30 June 2019 comparative balance sheet, per IAS 19. No impact on net assets or equity.

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Primary: Carbon offsetting — 100% of extended carbon footprint offset annually via VCS and REDD+

Each financial year the UK Group offsets 100% of its extended carbon footprint as reported in the non-financial scorecard. All offsets are Verified Carbon Standard (VCS) credits and REDD+ projects, retired on behalf of PwC by a registered broker. This approach has been maintained for several years as a bridging measure while operational emissions continue to fall.

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Market-based Scope 2 method disclosed alongside location-based

For FY2020, PwC UK discloses Scope 2 emissions using both location-based (5,696 tCO2e) and market-based (1,090 tCO2e) methods. The lower market-based figure reflects renewable electricity purchases via REGOs.

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ISO 14001, ISO 50001, Carbon Trust Standard renewed; Carbon Trust Level 3 Supply Chain attained first time

During FY2020, ISO 14001 and ISO 50001 certifications were renewed. Carbon Trust Standard for Carbon renewed (held since 2009) and Level 3 of Carbon Trust Standard for Supply Chain attained for the first time.

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80% renewable energy via REGOs and RGGOs; 100% offset residual emissions

In FY2020, 80% of the UK Group's total energy consumption came from renewable sources, based on tariffs using Renewable Energy Guarantees of Origin (REGOs) and Renewable Gas Guarantees of Origin (RGGOs). All residual carbon emissions are offset through purchasing Verified Carbon Standard (VCS) and REDD+ carbon credits via a registered broker, achieving a 100% offset of the extended carbon footprint. Since 2007, the UK Group has reduced energy consumption by 60% and associated carbon emissions by 94%.

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IFRS 16 'Leases' adopted from 1 July 2019

The Group adopted IFRS 16 from 1 July 2019, recognising £611m right-of-use assets and £664m lease liabilities on the balance sheet. Prior year comparatives not restated (modified retrospective approach). This materially changes reported total assets and total debt.

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