Environmental stewardship

Strategy and approach

As part of The New Equation, addressing climate change is at the heart of PwC China's strategy, aligning with the decarbonisation efforts and management of the physical impacts of climate on our operations. The Chinese government has set targets to reach peak carbon emissions by 2030 and to achieve carbon neutrality by 2060. As a non energy-intensive business, we aim to accelerate our own journey to support the government’s ambition.

PwC has made a worldwide commitment to achieve net zero greenhouse gas (GHG) emissions with near-term science-based targets set for 2030. This commitment includes supporting our clients to reduce their emissions as well as reducing those from the PwC network’s operations and suppliers.

We also continue to upskill our people to embed environmental considerations to existing systems and processes to ensure our efforts are sustained over the longer term. Within the broader market, we strive to maximise our influence through sharing skills, knowledge, and resources to accelerate decarbonisation and facilitate green transformation.

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Net zero with 2030 goals

Our environmental actions

Energy management

As an office-based business, energy use in our operations contributes to a large portion of our total carbon footprint. Taking actions to drive energy efficiency is one of our top agenda items in reducing the environmental impact of our business.

In FY23, despite increases to our total headcount and leased office space, our absolute electricity consumption continued to decrease by 6% compared to our FY19 baseline. We also continue to source I-REC Energy Attribute Certificates (EACs) from accredited wind-power sources in China to cover all our scope 2 electricity consumption (including from air-conditioning).

Carbon management

We have set targets to reduce carbon in our own business. Our near-term science-based targets (SBTs) were validated in July 2021 by the Science Based Targets initiative (SBTi) and are aligned to a 1.5 degree climate scenario. 

As we work towards reducing our absolute carbon emissions, there are some emissions that we cannot eliminate today by changing our operations. To mitigate these, we purchase high quality carbon credits in the voluntary carbon market. These credits support projects that reduce or remove carbon emissions. The majority of carbon credits we purchased in FY23 were located in China and over 65% came from natural climate solutions. We will continue to counterbalance our annual emissions through high-quality carbon credits, transitioning our carbon offset portfolio to 100% carbon removals by FY30.


Biodiversity is essential for the processes that support all life on Earth. While embedding nature considerations into our business operations, we also collaborate with NGOs, business, and governments to help to build the systems and frameworks that will deliver the trusted information needed to underpin a nature positive transition. In recent years, we have supported a number of ecological restoration projects in Inner Mongolia and Hong Kong SAR, and collaborated with the World Economic Forum on The Post-2020 Global Biodiversity Framework and What it Means for Business, a white paper focusing on business-relevant targets of the post-2020 Global Biodiversity Framework (GBF).

Waste and recycling

Although the amount of waste PwC generates is relatively small compared with other industries, it is still our responsibility to take actions to address our own waste footprint. Across our operations, PwC China is working to send less material to landfill and more back into the circular economy loop by developing waste prevention and waste re-use programmes. Beyond our ongoing initiatives with paper, coffee grounds and clothing, we are also collaborating with social enterprises and NGOs to donate, reuse, resell or recycle old furniture, used computers, plastics, metals and glass. 

Risk mitigation

As the impacts of climate change become more severe, our clients and other stakeholders want to know how we are preparing for and managing the risks and opportunities associated with climate change. PwC China supports the adoption of the Taskforce on Climate-Related Financial Disclosures (TCFD)’s recommendations and the International Sustainability Standards Board (ISSB)’s IFRS Sustainability Disclosure Standards.

This year, we have aligned our climate reporting for PwC China with the Taskforce on Climate Related Financial Disclosures (TCFD) framework for the first time to present how we are preparing for and managing the risks and opportunities associated with climate change. Our climate-related disclosures are structured around the four TCFD pillars that represent core elements of how organisations should operate: governance, strategy, risk management, and metrics and targets.

Find out more about our climate-related disclosures in the 2023 PwC China ESG Report.


Working together with Cathay Pacific to use SAF for the first time at Hong Kong International Airport.

We support ‘Project Prosperity’, a highly influential environmental project in Hong Kong.

We see our climate journey as a chance to mobilise our people to take action.

We are exploring innovative ideas that can play a supplementary role to help us reach our 2030 goals.

At PwC, we are constantly looking into opportunities to improve our carbon performance.

We support more of our people to choose high-speed rail as a low-carbon alternative to flying.

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Contact us

Douglas Johnson

Douglas Johnson

Director, Corporate Sustainability, PwC Hong Kong

Tel: +[852] 2289 1737

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