Corporate responsibility governance structure
The CR Committee: The committee comprises PwC China Market Leaders, and leaders for Human Capital and Diversity & Inclusion. The Committee oversees our overall CR strategy and meets regularly to provide guidance on implementing CR policies. It also reviews the progress of CR programmes including the PwC Foundation. The CR Committee reports periodically to the Management and Executive Boards, and is chaired by Elton Huang - Central China Markets Leader and Shanghai Office Lead Partner, Entrepreneurial and Private Business Leader.
PwC Foundation: The Foundation is governed by six partners across PwC China. These PwC Foundation Trustees meet regularly to oversee the Foundation’s strategy, progress, use of funds, and provide regular updates to the CR Committee.
Global Corporate Responsibility Board (GCRB): Comprises leaders from the largest PwC member firms, regional corporate responsibility leaders and sustainability subject matter experts. The Board comes together every quarter to provide governance, oversight, input and direction to PwC’s CR global strategy in alignment with the overall business strategy and to drive alignment across the PwC network.
Our stakeholders are identified as any individual or organisation who can or would impact the sustainability of our business. This includes a wide variety of different stakeholders who we engage with through regular and ongoing dialogue as part of our everyday activities, gathering insights and feedback to better understand their needs.
We also conduct comprehensive stakeholder engagement every two years. To supplement the insights gathered previously from our clients, suppliers, NGOs and peak associations, in 2019 we conducted an online survey to understand any key changes to the views of two critical stakeholder groups – our staff and partners, and students.
Our 2019 materiality matrix has been updated to reflect any changes in the importance of sustainability topics to our priority stakeholders. Survey results gathered from staff and students, graduates and prospective employees have been combined with previous feedback from our clients, NGOs, suppliers, media, and regulatory associations and government, to analyse the importance of topics to our stakeholders.
Views gathered from our partners and directors have been used to understand the business perspective, which was then reviewed and validated with senior leadership.
Through our stakeholder engagement, materiality matrix and desktop research, we identified ten priority sustainability topics for PwC to action:
- Employee wellbeing, security and safety
- Talent attraction and retention
- Client and supplier satisfaction
- Training and development
- Economic performance
- Data security
- Maintaining exceptional ethical standards
- Climate change
- Diversity and inclusion
- Anti-corruption and anti-bribery measures
Our updated materiality matrix can be viewed in the FY19 Corporate Responsibility Report.