PwC Hosts Webcast On Caribbean Sustainability

November 4, 2022

PwC hosted a webcast for over 150 Bermuda and Caribbean business and government leaders on the topic: ESG and Net Zero: Securing a sustainable future for the Caribbean.

Arthur Wightman, ESG Leader for PwC in the Caribbean, commented: “This audience is integral to helping make a big difference to securing a sustainable future for the region. No one entity can make a real and lasting change without the other. At PwC we believe ESG has to be a priority for every government and business across the region. Together we have a greater impact and can make a big difference.”

A spokesperson said, “Presenters included PwC regional and global ESG leaders together with Caribbean business executives and government officials, who addressed the following topics:

  • The physical risks that are business-relevant in the Caribbean region, from low to severe.
  • GDP risks of climate change
  • The rapidly evolving ESG reporting landscape
  • What has changed since COP 26?
  • Climate tech investments have gained sustained momentum globally
  • What businesses in the Caribbean are thinking about ESG
  • Picking up the pace toward more substantive governance

“As ESG moves up the strategic agenda, a PwC survey finds more than 60% of corporate directors in the Caribbean region say Environmental, Social and Governance issues are at least somewhat linked to their business strategy and acknowledge its financial impact. However, less than 20% of directors say their board has a defined process for ESG oversight.

“Dr. Nicole Röttmer, Global Climate Clients and Industry Lead, was among the presenters, and provided an overview of the physical risks that are business-relevant in the Caribbean region based on modelling for the year 2030 with a 4.0°C temperature increase and median uncertainty.

“The webcast replay can be viewed here.

PwC climate targets validated

“PwC has committed to transforming its own business model to decarbonise its value chain, increase transparency, and support the development of robust ESG reporting frameworks and standards. The PwC network is also engaging its clients and suppliers to support them to tackle their climate impact.

“The PwC global network has received validation for its science-based targets and reaffirmed its commitment to achieve net zero greenhouse gas [GHG] emissions by 2030.”

Marisa Savage, ESG Leader, PwC Bermuda, commented, “We’re proud of the progress PwC has made to reduce our operational carbon footprint. Expectations are growing for business to be part of the solution to society’s challenges. This is why organisations’ environmental, social, and governance [ESG] practices are more important than ever.”

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