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September 7, 2010

PwC UK prepares for CSR reporting increase

PricewaterhouseCoopers (PwC) UK has reported strong growth in its sustainability and climate change practice as the economic recovery had led to businesses renewing their focus on the area.

PwC now audits seven of the 55 largest UK companies that have their corporate social responsibility (CSR) data publicly assured, up from one company two years ago.

PwC’s UK sustainability and climate change practice now has 100 staff, with a global team of 700.

PwC UK chairman Ian Powell predicted that within the next few years, few business decisions will not be impacted by the sustainability agenda.

During the coming year, PwC UK plans to recruit further specialists in carbon markets economics, forestry and ecosystems, international development, supply chain and assurance.

During the past year, PwC has provided policy support to the World Economic Forum, the UN Environment Programme and the World Business Council for Sustainable Development.

It claims its sustainability teams across Europe have been hired by more than 50% of the global top 20 airlines to be their EU emissions trading scheme auditors and verifiers under the new EU legislation requiring aircraft operators to submit independently verified emissions.

PwC’s report on its sustainability and climate change practice follows its recent report that it grew revenue 4% in the past financial year.

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